DrReefer

15 minute candles, Chart from NOOB

POLONIEX:ETHBTC   Ethereum / Bitcoin
223 7 2
Has My entery, stop loss and profit area. How did I do guys?
DrReefer
3 months ago
okay so I bought at 0.01885000 just .1 of bitcoin put my stop loss at .01880000 looks like I got luck it didn't sell on the doji and sold at 0.01895000. I trade at Poloniex. One of the problems I am having is only being able to set a stop loss and not being able to have a sell order when price hits my profit area, what do you guys do?
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ste775 PRO DrReefer
3 months ago
You can let your winner run, by moving your stoploss to 1890
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DrReefer ste775
3 months ago
I'm just starting to do that but I see the obvious benefits of that. Right now I'm not that disciplined. I'm getting used to placing stop loss but not for profit taking yet.
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DrReefer ste775
3 months ago
Also I sold at .01909
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ste775 PRO DrReefer
3 months ago
Its easier to trade the bigger eg 4 hours / daily timeframes, to go with the trend. Start with learning the dow theory.
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Boernerer
3 months ago
Hey DrReefer, as price is making lower lows and lower highs => downtrend from my point of view.
Sell at resistance, in your case the green zone and trail your stop down... let your winners run.
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DrReefer Boernerer
3 months ago
Hey Boernerer, I'm just now learning how to do that. I trade at Poloniex and would usually just keep my stop loss the same but now I'm learning to adjust it to take profit if it comes back down.
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