risk = 50% of our normal volume
USDT pairs are very volatile, if BTC starts to increase price then we will definately hit our stop loss which is 7% here.
#Advice: Normally every trade should have good trade ration 3/1 this means i am risking a position, for example 100$ to make 3 times the stop loss point. So an ideal trade should be like we have Take profit at 15% and stop loss at 5%. So we risk an amount to make 3 times the profit of our stop loss point. Even if we miss some trades this is a good strategy cause we need to hit 1 good trade to cope with our 3 bad trades.
#Advice: Normally every trade should have good trade ration 3/1 this means i am risking a position, for example 100$ to make 3 times the stop loss point. So an ideal trade should be like we have Take profit at 15% and stop loss at 5%. So we risk an amount to make 3 times the profit of our stop loss point. Even if we miss some trades this is a good strategy cause we need to hit 1 good trade to cope with our 3 bad trades.
Some times of course we forget this on purpose 😊 That's ok but you have to note in your journal that you didn't obey to this rule. if it works out good, you do it again, if it doesn't then you don't usually do it again.
#Advice: Always keep on the side 20% of your trading volume. That is in case you need to put more funds and buy lower in a trade that you believe to make up your losses. If you buy for example a coin at 100 satoshi and it reaches 80, you can buy double the volume you have put and rebuy at 80 satoshi, that makes your median buy position to have an average buying price at 90 satoshi. This means you can sell at 95 and have profit at the end
Now we are with another 2% profit, we will put a stop loss on 1.5%
hmm, this was not good, very unstable USDT/BTC chart affects other trades, so now probably we will have to check twice per day our charts and even if we have some little profits we should put stop losses
USDT/#BAT trade already made us some profit, check where we bought (B) and where we sold (S) and since we put double the size of our previous trade we have made up our losses
now we are entering a dangerous zone so i will also put a Stop loss with profit in my bot
that way if the price drops down when meeting the resistance zone, i will have secured my profits and probably will rebuy lower. If it goes higher then we are happy 😊
Most of our current trades are temporarely in loss by the way