So on the 2k dols acct, yesterday we took 4 trades and lost 3 trades. While one was left to run and still active right now. That 4th one (XAUT) is still in -25% right now and I hope for recovery.So am still holding.
Now my question is this, what if today again we started trading and our first three trades were loses, that simply means we hv lost 6 trades straight.
What is best to do at that point?
See if you really understand how this risk reward ratio works you will know there is nothing at all to worry about.
Two wins will cover the entire 6 loses.
However what I will not do is to revenge or rush to recover.
After losing 6 trades consecutively I will prefer to pause and revaluate the market and my phycology to be sure am doing the right thing. I will move away from chart to do some offline things and take a good rest, walk around the street end ensure my nerves are now calm and my thinking are correct. Catch some good sleep also or possibly watch some interesting movie and then come back to chart.
You will be fine now. And if however ur next two trades are still loses, pls close the app and give yourself a complete two days before trading.
8 losses consecutively doesn't mean your strategy is bad. It may mean something is wrong in the market or you personally is down. So leave for about 48hrs before returning.
I hv a friend that do suspend trading for a whole week if he had 3 consecutive loses. Though he is trading with big fund and also have other jobs he is doing.
I hope this help?
Now my question is this, what if today again we started trading and our first three trades were loses, that simply means we hv lost 6 trades straight.
What is best to do at that point?
See if you really understand how this risk reward ratio works you will know there is nothing at all to worry about.
Two wins will cover the entire 6 loses.
However what I will not do is to revenge or rush to recover.
After losing 6 trades consecutively I will prefer to pause and revaluate the market and my phycology to be sure am doing the right thing. I will move away from chart to do some offline things and take a good rest, walk around the street end ensure my nerves are now calm and my thinking are correct. Catch some good sleep also or possibly watch some interesting movie and then come back to chart.
You will be fine now. And if however ur next two trades are still loses, pls close the app and give yourself a complete two days before trading.
8 losses consecutively doesn't mean your strategy is bad. It may mean something is wrong in the market or you personally is down. So leave for about 48hrs before returning.
I hv a friend that do suspend trading for a whole week if he had 3 consecutive loses. Though he is trading with big fund and also have other jobs he is doing.
I hope this help?
Yesterday I lost three trades which was about -310usd in total. This early morning I lost another -50% trade which make it about -360usd.
No panicking. I just keep on following my strategy.
I took another trade (same coin I lost this morning). Here we are.
If this trade hit TP it will recover all loses I hv between yesterday and today.
However it is only wise for me to lock 100% profit at this point.
No panicking. I just keep on following my strategy.
I took another trade (same coin I lost this morning). Here we are.
If this trade hit TP it will recover all loses I hv between yesterday and today.
However it is only wise for me to lock 100% profit at this point.
Men, me just entering the market only to notice everywhere don scatter. I hv being offline.
We made a good profit on TRUMP and secure profits accordingly.
I wasn't around to lock capital on XAUT but it makes a good profit above 70% for first entry and late entry did over 100%. Those of us who were offline hit SL. ETH also did a good pump before the fall.
Pls when u are in 100% always lock capital as usual. The issue of 1:3 risk reward ratio shouldn't stop the rule of breaken.
Well that being said, the market seems to be reacting to the 82k BTC zone I warned u earlier about. Maybe the dump already begin. I can't say yet.
I will advise we ignore market for now and wait for better opportunity, but stay close to the channel still
We made a good profit on TRUMP and secure profits accordingly.
I wasn't around to lock capital on XAUT but it makes a good profit above 70% for first entry and late entry did over 100%. Those of us who were offline hit SL. ETH also did a good pump before the fall.
Pls when u are in 100% always lock capital as usual. The issue of 1:3 risk reward ratio shouldn't stop the rule of breaken.
Well that being said, the market seems to be reacting to the 82k BTC zone I warned u earlier about. Maybe the dump already begin. I can't say yet.
I will advise we ignore market for now and wait for better opportunity, but stay close to the channel still
Use only 5% of your assets not 10% because we are using 100x leverage
LONG
ETH
100x
TP: 2500
SL:
LONG
ETH
100x
TP: 2500
SL:
CRYPTO WIZARD
Use only 5% of your assets not 10% because we are using 100x leverage LONG ETH 100x TP: 2500 SL:
This trade already move up before I recall I hv not drop SL value. If u are in profit use your entry as SL or take SL not more than -50%
CRYPTO WIZARD
SWING TRADE (Buy on spot or use 1-3% of your assets to take on futures) LONG BEAT 25X TP: 0.2 (+1300%) SL: 0.12 (-210%)
This kind of signal is not our current way of trading. If u check it out it is our old style. When u see such signal with that heavy SL asking u to use only 1 or 2% to trade, know already that it is a swing trade expected to take some days to deliver result.
Lock in with me this September guys. Am totally in and available for you all.
High level of discipline and risk management is all we shall apply this September and the result shall be massive.
To follow me perfectly pls fund 100usd.
High level of discipline and risk management is all we shall apply this September and the result shall be massive.
To follow me perfectly pls fund 100usd.
CRYPTO WIZARD
Lock in with me this September guys. Am totally in and available for you all. High level of discipline and risk management is all we shall apply this September and the result shall be massive. To follow me perfectly pls fund 100usd.
I even entered late . I gave signal I come slept off I no enter.
Pushed out at 270% after reaching 350%
Will I rush to join again just because I think it will go far.
No never do that.
You hv to analyse the present chart, and wait for a possible reversal to a better zone before entering. Or kindly ignore it and go for new trade
Will I rush to join again just because I think it will go far.
No never do that.
You hv to analyse the present chart, and wait for a possible reversal to a better zone before entering. Or kindly ignore it and go for new trade