So, 3 Losses back to back this morning but Smashed down this arvo and I'm back in profit for the day after 1 good trade, good risk management is key $XRP
A profitable day is a good day :)
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3 losses and 1 win today, however I'm in profit 10% not bad, yet another testament to risk management, good management + skimpy entries = profit.
I'd say the most important lesson in trading.
$XRP
https://t.co/V3UIPgab2k
Started the day with a loss. Experimenting with very tight stop entries on the 1 min time frame to continue the hourly down trend. Had another trade that was in the green 16% but then came back to break even this morning as well. $XRP
https://t.co/V3UIPgab2k
This trade fell into consolidation after I entered, but ended up a win, was going against the trend on a 5 min time frame for a retracement trade so a simple 1:1 risk to reward ratio was enough for me.
#win $link
https://t.co/V3UIPgab2k
25.8% profit on a $100 account.
Not bad for a days trading :)
You do that every day and you finish up with a $992 account.
(Not realistic at all but I can dream ๐๐)
When a #Crypto dumps 6% and you take profits at 2% and it looks like it will continue lower...
The pains of disciplined trading.
Happy with my 2% though ๐
#cryptocurrency is dumping, you need to ask yourself this question:
Am I going to miss another dip? or am I going to be a diamond hand, Hold my investments like a man and buy at cheaper prices using money that I can afford to lose?
Your life won't change if you dont take risks.