tradedevil

A Trades Choice. More risk, less reward ? Or vice versa...

Long
POLONIEX:ETHUSDT   Ethereum / Tether USD
12
Yea, I got stopped out. But the loss is modest and I can consider re-entry because it was small. I'd take that trade again, 100 times in row. So where now..? The presumption that this is a wave-2 holds for me as long as we stay above the 78.6. That's a deep wave-2 but it shows up in all markets on all charts and all time frames. Here's the conundrum; if you wait for more validation that the low is in, the risk increases. There's an opportunity to re-enter here with an equally small risk and the same excellent reward potential. In fact, the reward is actually greater due to the depth of the retracement. Yes, I'd like to see the oscillator make the turn, but that's just icing on the trade. Price is ultimately what matters and to wait for the oscillator to turn, while adding confidence to the trade, increases the risk and reduces the reward.

This is "traders choice." For me; I go again... I'll take the small hits to be positioned for the big. I don't fear the stop, I remind myself that I should expect it. What I don't want to do is hesitate on pulling the trigger only to see a Wave-3 take off without me just because I burned my finger on the last trade.

Crypto Trading and Education - goo.gl/AUxrWz
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