Long thread⚠️
High Risk : Reward in Crypto
You can't push your r:r on to a set up. Approach the chart unbiased, identify entry, exit (profits/stop loss)
Then you decide if you wanna get in or not.
Sometimes your long SL is 2% n sometimes 20% away (vaccum,fvg, imb).
Cont..
High Risk : Reward in Crypto
You can't push your r:r on to a set up. Approach the chart unbiased, identify entry, exit (profits/stop loss)
Then you decide if you wanna get in or not.
Sometimes your long SL is 2% n sometimes 20% away (vaccum,fvg, imb).
Cont..
But the target is 10%ot, You might ask why taking up the trade when there is a vaccum upto 20%,
Dilemma is whether to take up 10% profit vs 20% loss.
Continue..
Dilemma is whether to take up 10% profit vs 20% loss.
Continue..
If probability of 10% of profit is high, you may risk 20% lower possibility of loss.
In this case you plan your trade size, in case of SL being triggered your loss should be restricted to 1 to 2% of capital
And if you win you will get 0.5 to 1% profit (higher with leverage)
In this case you plan your trade size, in case of SL being triggered your loss should be restricted to 1 to 2% of capital
And if you win you will get 0.5 to 1% profit (higher with leverage)
Additional safety, your risk is restricted to the first 2 to 3% profit, after that you will move SL to entry. (Then trail)
So losing one or two trades with 1:2 should have very little impact on your portfolio.
So losing one or two trades with 1:2 should have very little impact on your portfolio.
Finally, "Let the Profit Run", this is the most important step, just one will cover all the loss you suffered for months, this is the beauty of Crypto.
Stay back doesn't mean, staying back and doing the same mistake.
Stay back doesn't mean, staying back and doing the same mistake.
If you don't understand this, don't be in Crypto, thers is no 1:3 trader very few in Crypto
Trading is not 1+1=2, there are 100 steps in between.
I'm on the side of 5%, choose yours
Trading is not 1+1=2, there are 100 steps in between.
I'm on the side of 5%, choose yours
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