alipipefitter
Long

RIPPLE AT FULL MOVE RETRACEMENT RANGE

BINANCE:XRPUSD   XRP / U.S. Dollar
Something to gamble on if you want. How much lower can the thing go right. Stop is .35
Comment: could go back to .20 range, if it does re enter there
Comment: .43 entry 1/4th intended position
Comment: add 1/4th. $.37
Comment: Holding off on the add. If it tanks further, I'm going to use the last 1/2 as a bump trade and get out
Comment: Add 1/4 .30
Comment: Selling .28. 21%
Comment: Lost 21%
Comment: good sell. shitty loss, but good save nonetheless. The mistake here was that you were playing a sympathy mover off the bitcoin mini run when the sympathy mover didn't actually make any measurable moves during the mini run.......You justified the buy with the previous support level that occurred when you first made this post. The problem with that reasoning is that the whole market is trending down, so the odds sway more towards the support level getting breached, especially considering the extent of the sell off. The biggest problem though, again, is that ripple barely moved relative to bitcoin.
Trade closed: stop reached: I knew .25 was probably going to be a nice bump out. I didn't like the add at .30 and knew I probably should have waited
cRIPPLE. Never again.
+1 Reply
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