Entry: 122 sats
SUCCESS Target 1- 125 sats = .236 = 2.50%
SUCCESS Target 2- 131 sats = .382 = 7.32%
FAIL. Target 3- 135 sats = .5 = 10.79%
FAIL. Target 4- 140 sats. = .618 = 14.45%
-This day trade took about 7 hours to develop.
-First 2 targets reached once volume picked up.
-3rd target missed by 2 sats. Reached 133, target was 135
-once I noticed price hitting resistance, cancelled targets 3 and 4, set SL to fill the remaining positon.
-took position too early. Price dropped another 5 sats. Every 2 satoshi increase was about 2.5% profit missed.
-never use 100$ of capital. Save some to dollar cost average down.
-hop in when the trend changes, not when price reaches a certain fib level. Never know if price will keep dropping.
-set sell targets under the fib levels. Assume everyone including bot programs are also using the same fib levels.
Thank you if like that I conduct backtests and live tests to check analyst trading styles, let me know.