The strategy is...
Crypto is a highly volatile asset, steep pumps upto 100 to 500% and deep drops upto 90% is not unusual.
We need to approach this market with a different trade management strategy to catch a major part of such pumps and dumps
Crypto is a highly volatile asset, steep pumps upto 100 to 500% and deep drops upto 90% is not unusual.
We need to approach this market with a different trade management strategy to catch a major part of such pumps and dumps
The strategy is
1. Partial Profit Booking
2. 2. And Dynamic Stop Loss
Let's get in....
2/n
1. Partial Profit Booking
2. 2. And Dynamic Stop Loss
Let's get in....
2/n
Step:1 Identify a trade entry based on htf chart (that is a different subject)
Step:2 Enter the trade and set your SL as per your strategy
Step: 3 Identify two targets based on lower time frame or medium time frame charts (or a particular %)
3/n
Step:2 Enter the trade and set your SL as per your strategy
Step: 3 Identify two targets based on lower time frame or medium time frame charts (or a particular %)
3/n
Step: 4 Close 20 to 30% of your position at first target & book profit.
Step : 5 Move your SL to break even point (including the profit booked) - Capital Protected
Step:6 Close another 20 to 30% of your position at the second target - Profit Assured
4/n
Step : 5 Move your SL to break even point (including the profit booked) - Capital Protected
Step:6 Close another 20 to 30% of your position at the second target - Profit Assured
4/n
Step: 7 Move your SL to profit (Including the profit realised already)
Step: 8 You have taken the capital out and realised some profits
Step: 9 Let the remaining 40 to 60% of your position run (only profit money), and don't close it until the trend is reversed.
5/n
Step: 8 You have taken the capital out and realised some profits
Step: 9 Let the remaining 40 to 60% of your position run (only profit money), and don't close it until the trend is reversed.
5/n
Step: 10 Keep moving your SL (Dynamic SL) to protect your profits.
Cons: You might lose a smaller part of your profits on every single trade
Pros: One or two of your trades will cover all the smaller profits you lose on reversal and your account will grow faster.
💰💰💰💰
Cons: You might lose a smaller part of your profits on every single trade
Pros: One or two of your trades will cover all the smaller profits you lose on reversal and your account will grow faster.
💰💰💰💰
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