Nothing to complain about. Let's take that second trade and wait for TP or SL.
Our risk management is good .
Our risk management is good .
No rushing on this challenge.
This challenge is not about just earning 1000usd soon.
It's about discipline in trading.
It's about to show u how trade is suppose to be done.
We are not rushing to drop all 5 trades at once.
We do it one after the other.
I can conveniently close my device and go and attend to some issues and come back when am free to see if TP hit or if SL hit.
Don't give urself headache in trading.
Let your life still remain normal while u trade.
Some persons when they become trader they lost their life. Am like that too. I mean u spent almost 24hrs on chart.
Is good to be close to chart but not always. Because it can lead to over trading.
The maximum trade we will do daily on this challenge in a day is 5.
So there is enough space for each signal.
We shall see how this goes before new one.
This challenge is not about just earning 1000usd soon.
It's about discipline in trading.
It's about to show u how trade is suppose to be done.
We are not rushing to drop all 5 trades at once.
We do it one after the other.
I can conveniently close my device and go and attend to some issues and come back when am free to see if TP hit or if SL hit.
Don't give urself headache in trading.
Let your life still remain normal while u trade.
Some persons when they become trader they lost their life. Am like that too. I mean u spent almost 24hrs on chart.
Is good to be close to chart but not always. Because it can lead to over trading.
The maximum trade we will do daily on this challenge in a day is 5.
So there is enough space for each signal.
We shall see how this goes before new one.
0G .........loss -50%
ETH........loss -50%
AAVE......At Entry still moving
ETH..........At Entry still moving
Omo first day of the challenge very tight.
Let's just watch....
ETH........loss -50%
AAVE......At Entry still moving
ETH..........At Entry still moving
Omo first day of the challenge very tight.
Let's just watch....
Quick update:
Today is a bad day for us and the market generally is choppy and I can't see a better direction to trade.
Let's do this:
AAVE at -12% pls close it
ETH at -30% pls close
Let's assume total from this two is -50%
It means we lost 3 trades today totalling -150%
A win of +150% will clear all the loss.
Currently our balance should be around 85usd.
Let's close for the day and we continue tomorrow.
Never force the market especially if your balance is quite small.
We hv several days ahead to trade.
Today is a bad day for us and the market generally is choppy and I can't see a better direction to trade.
Let's do this:
AAVE at -12% pls close it
ETH at -30% pls close
Let's assume total from this two is -50%
It means we lost 3 trades today totalling -150%
A win of +150% will clear all the loss.
Currently our balance should be around 85usd.
Let's close for the day and we continue tomorrow.
Never force the market especially if your balance is quite small.
We hv several days ahead to trade.
CRYPTO WIZARD
On a different acct use small leverage like 8x or 10x to Long this coin
As for BTR, it is not part of the challenge we are doing. U may still want to hold the coin. Is a nice setup though.
One of the thing beginner traders don't know is when to stop trading. That's how they destroyed their acct.
We started trade and we had two consecutive loses, the other two trades are moving very dull after several hours still at entry. You see, u don't need to be told before u live market for another day.
One might say that since our risk reward ratio is good why not continue as the next win can clear our loses and the other might put us on profit so let's complete the 5 trades.
Yes I understand that. Pls know that such is done when market is very okay and volume are high and your signal directions are well predicted but a small move took you out and result to 3 loses. If the market is still clear enough u can go for other two. But when the market is absolutely dull and proving u wrong unnecessarily and u can't explain why u hit loss, I will advise u to quit totally after 3 consecutive loses as there are also high chances that the remaining two will also hit loss.
Losing 5 trades consecutively will take out 1/4 (25%) of your capital away. That's a huge lose to accept in just one day.
We started trade and we had two consecutive loses, the other two trades are moving very dull after several hours still at entry. You see, u don't need to be told before u live market for another day.
One might say that since our risk reward ratio is good why not continue as the next win can clear our loses and the other might put us on profit so let's complete the 5 trades.
Yes I understand that. Pls know that such is done when market is very okay and volume are high and your signal directions are well predicted but a small move took you out and result to 3 loses. If the market is still clear enough u can go for other two. But when the market is absolutely dull and proving u wrong unnecessarily and u can't explain why u hit loss, I will advise u to quit totally after 3 consecutive loses as there are also high chances that the remaining two will also hit loss.
Losing 5 trades consecutively will take out 1/4 (25%) of your capital away. That's a huge lose to accept in just one day.
CRYPTO WIZARD
On a different acct use small leverage like 8x or 10x to Long this coin
Na patience we just need for this crypto. If not that this trade is not part of our challenge trades, we would hv recover all our loses right now and will even be in profits. Because this will give us 41usd and our loss was just 15usd.
Anyways is not part. No worries.
Pls don't fomo and enter that trade, is doing nonsense now
Anyways is not part. No worries.
Pls don't fomo and enter that trade, is doing nonsense now
Ok see this chart.i accessed it again from the 4hrs TF, I think is again okay for LONG entry.
Just ensure u hv ur SL at around 0.078.
U need a low leverage to get that.
On 10x your SL will be -140% and your TP will be +1400%
On 5x your SL will be -70% and your TP will be +700%.
Life is about risk, u may want to risk 50x . 😜
Just ensure u hv ur SL at around 0.078.
U need a low leverage to get that.
On 10x your SL will be -140% and your TP will be +1400%
On 5x your SL will be -70% and your TP will be +700%.
Life is about risk, u may want to risk 50x . 😜
If u hv a 100usd account and u are told to enter this trade with 10usd with a 50% prediction that the trade might hit TP of 0.222 and u make 350usd profit and also there is a 50% chance of hitting SL and you will lose 33usd because the SL value of 0.078 is about -330%, Leverage is 25x though. My question, will u take this risk knowing that u saw hell before u raised the 100usd?
😄
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Can history repeat itself? Recently the coin created support and then fire up and then fall down today. Again it started creating another support as seen in those circles, will it fire up again between today and tomorrow or it will go down more? Only time can tell. I have risk LONG trade on it. Something must kill a man. Lol
-330% SL to +3330% TP
Don't try it at home is spare money am using.
-330% SL to +3330% TP
Don't try it at home is spare money am using.