In my previous few ideas I entered short into FTM, today I have added further to this position.
I am also short AVAX and LUNA. But why haven't I added more short to those 2 but I have to FTM? FTM still looks like it has 10-15% drop to horizontal support and even further to major trendline support. AVAX is at a confluence of levels and LUNA is quite close to major support. So overall I'm adding to the position that has the best risk to reward for a) taking profit and b)not getting stopped out.
The aim of the game with shorts is to be safe, critical of entry and exits, and to not will the market to do something. Take the profit that is given and be patient. If you exit short, that should indicate your long entry.
I am also short AVAX and LUNA. But why haven't I added more short to those 2 but I have to FTM? FTM still looks like it has 10-15% drop to horizontal support and even further to major trendline support. AVAX is at a confluence of levels and LUNA is quite close to major support. So overall I'm adding to the position that has the best risk to reward for a) taking profit and b)not getting stopped out.
The aim of the game with shorts is to be safe, critical of entry and exits, and to not will the market to do something. Take the profit that is given and be patient. If you exit short, that should indicate your long entry.
Comment:
Over the previous 24 ideas I have been correct in 19 of them, giving a 79% correct rate.