Another 100% on target trade, which also publicly posted.
NOTE: They are not all winners and I am not trying to mislead anyone that I trade with 100% accuracy (there's no such thing). I showed 2 targets (purple lines) but booked my profit at T1 even though I declared T2. Why? Because I thought after hitting T1 we might get resistance at $208 and then I was lookng to re-entry long. In this case, ETH was too bullish and immediately went to T2. Nevrtheless, the long call was made. So I booked in profit for T1 but left money on the table hitting T2. Well, I'm still a happy bunny at the $$$ I made at T1.
Whilst, this shows I know what I'm doing when i'm in rhythm with the market, when i'm not, then I CUT MY LOSSES and reassess the direction. This is why I ALWAYS ALWAYS ALWAYS use, and show you all, where I place my stop losses (the bottom of the pink)
The key is to get rid of those trades which aren't working and ride the ones which are.
All of this I can teach.
Trade responsibly with RISK MANAGMENT not just looking at the winners and the glory
Hope this helps,
Sean Vengan Professional Cryptocurrency Trader and Trading Educator
For me, once it hits my target(s) then it's a fresh start, meaning I must do a fresh analysis.
This keeps me fresh, unbiased, neutral, protects my capital and locks in profit, allowing my equity to consistently grow.
mbyz
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@SEAN_VENGAN, I will do the same as its good to follow master foot step. Going to sell my eth too.
UnknownUnicorn1063189
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@mbyz, For me i like locking in profit at my targets. Yes it may go on further but as they say in the Markets "greedy pigs" get slaughtered.
mbyz
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@SEAN_VENGAN, got it.
atricoz
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@SEAN_VENGAN, This is indeed a very good strategy, it's always good to take profits,not doing it it's a mistake that I usually do, which causes me to lose my gains :(