3 EMA LOW crossing up over the 20 MA so i took another position to go long - this is my edge where more times then not the graph will move to the upside.
Every Trade will have this move for consistency
my stop loss AMOUNT is always the same so pick a $amount that you are willing to lose every trade
- for example lets say Im willing to risk $100 for EVERY trade
- this particular trade is a 30% stop loss so $100/30% = $333 = my position to open the trade
- I always profit AT LEAST 1.5 times my stop loss to the upside - in this case 30% x 1.5 = 45% profit 1st target
- Stop loss will sell me out losing $100 or I will take the profit MANUALLY of at least 45% which in this example is $149.85
(some trades like low cap alt coins will require a HUGE stop loss bc of volatility - bc of this positions will be much smaller)
KEEP YOURSELF IN THE GAME AND DONT BE GREEDY
TAKE WHAT THE MARKET GIVES YA!
TO SHORT just do the opposite - where 3EMA HIGH goes under the 20MA (Definitely not recommended in a bull market :)
Every Trade will have this move for consistency
my stop loss AMOUNT is always the same so pick a $amount that you are willing to lose every trade
- for example lets say Im willing to risk $100 for EVERY trade
- this particular trade is a 30% stop loss so $100/30% = $333 = my position to open the trade
- I always profit AT LEAST 1.5 times my stop loss to the upside - in this case 30% x 1.5 = 45% profit 1st target
- Stop loss will sell me out losing $100 or I will take the profit MANUALLY of at least 45% which in this example is $149.85
(some trades like low cap alt coins will require a HUGE stop loss bc of volatility - bc of this positions will be much smaller)
KEEP YOURSELF IN THE GAME AND DONT BE GREEDY
TAKE WHAT THE MARKET GIVES YA!
TO SHORT just do the opposite - where 3EMA HIGH goes under the 20MA (Definitely not recommended in a bull market :)