TradingView
ChartCrushers
17 sie 2019 01:28

Cardano Down to the Trendline Short

Opis

I took a trade here ok Cardano. Rejected at the 4hr 20ma, as well as declining volume.

#ADA/U19
Exchanges: BitMEX
Signal Type: Regular (Short)
Leverage: 5

Entry Zone: 456-465

Take-Profit Targets: 452-425-400-375-350

Stop Targets: 480

Zlecenie aktywne

BitMEX
#ADA/U19 Take-Profit target 1
Profit: 4.9288%
Period: 1 Hours 26 Minutes

I have closed 30% of this position and moved stop to entry. This trade is now risk free.
Komentarze
Oppa_Crypto_69
LOL closed
ChartCrushers
@blinkypro, It's funny I took 5% profit and I'm short again? You have such great humor. :-)
Legiontrading
Still short??
ChartCrushers
@eernst.michael, Yes sir. Stopped with profit and I have re-entered the position.
Legiontrading
@Blockchain_Bob, thanks dit response bob. In in since 454. What is a good stoploss?
ChartCrushers
@eernst.michael, so right now it's tricky. The trade has a stoploss of 479, but because it is a bullish looking 4hr chart, if btc begins to retrace and dominance begins to drop then it's possible for funds to flow into this. So I would close way before the stop if I feel that to be the case. let's see.

For me the most important parts of trading are risk management and protection of capital. I play small positions so for me I risk up to 20% on a stoploss. But for me that means if I get stopped out I lose 1% of my account since I play 5% positions. That is no big deal. But if you play a 50% position and risk 20% now you are risking 10% of your account. That is a lot of risk on just one trade. All it takes is one whale to change the market. The market is very risky. As such one mush protect capital above all else. A trader without capital is no longer a trader
Legiontrading
@Blockchain_Bob,
Więcej