Buy moments are when it breaks the little triangle.
Or at the green support line of the triangle.
Or at the green support line of the triangle.
Trade closed: target reached:
Trade is active! Our limit order on the green support line is filled.
A little lesson. It's all about moneymanagement guys! I never risk more than 3% of my whole stack. So before I trade I think what should be the stop-loss price.
My stop-loss is 0.68 dollar, so when I buy on the breakout line at 0.78 usd.
0,68/0,78-1= +-13% -> I only want to risk 3%. So the percentage of my stack I will use is just +-23% of my stack.
But I did buy 0,72 usd, so the risk is smaller because my stop-loss is still at 0,68 dollar. This time I could risk 54%!
What I did want to learn you guys is two things.
- Be patience, wait for the right moment to buy. It's better to buy at the support, when it's well devined, because it's less risky.
- Always use risk management so you don't come in unpleasent situations. 3% Risk is nothing to get emotional about.
A little lesson. It's all about moneymanagement guys! I never risk more than 3% of my whole stack. So before I trade I think what should be the stop-loss price.
My stop-loss is 0.68 dollar, so when I buy on the breakout line at 0.78 usd.
0,68/0,78-1= +-13% -> I only want to risk 3%. So the percentage of my stack I will use is just +-23% of my stack.
But I did buy 0,72 usd, so the risk is smaller because my stop-loss is still at 0,68 dollar. This time I could risk 54%!
What I did want to learn you guys is two things.
- Be patience, wait for the right moment to buy. It's better to buy at the support, when it's well devined, because it's less risky.
- Always use risk management so you don't come in unpleasent situations. 3% Risk is nothing to get emotional about.
Trade active:
My bad trade is just opened en active not closed! :)
Comment:
We did broke out the resistance! Let's see how fast we reach first target :)
Trade closed: target reached