LTC Entry R:R 5:1 Live Trade

BITSTAMP:LTCBTC   Litecoin / Bitcoin
Your thoughts are welcome!
Comment: Approaching first fib. So far so good. Of course you can always use the .23 and .38 fib as partial take profit targets to reduce your risk, put a W on the books, and BTC back in your wallet.
Comment: LTC broke .01 take partial profit or adjust your stop to just below .01 to protect profits. Your call:)
Trade closed manually: Closing this out as a W at .01 for a 12.7% profit. I really don't like the look of the pattern that's forming on the LTCUSD chart. I'll post a chart on it if I have time.

Sometimes knowing when to get out is the most important thing. I hate seeing a W turn into a L.

If you are staying in, I'd recommend tightening up your stop.

Happy trading!
Comment: LTCBTC dropped 10% since my last update. Hope you got out in time, or that you had your stop set to protect profit.
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