One second only, one second a it would have been the end of my trading month 🏁. A few points higher and my site would have been revoked. But the upward movement stopped before it happened. I am currently sitting and praying 🙏 that the price will fall. And this is just one Litecoin post.
It started yesterday after work when I decided to trade actively 👨💻. Just started opening a short and long site like crazy.
Everything was cool. Before falling asleep 😴, I closed almost all my jobs. Left only ZRX (long) and LTC (short). My equity increased and I went to bed with a smile on my face 😀.
In the morning, the jobs I left showed the same result. But then the Litecoin price rally has begun 👀. + 12%. And I have a short job. With no stop order, of course. He showed me minus $ 300 😨. I didn’t want to close the job, so I started to equalize it. And it came about on liquidation 🤦♂️.
I noticed one very cool button – Net consolidation. I knew it before but didn’t use it often. It is very convenient with it, because you can find the average position price ✍️. It helps me set up profit taking.
Since I’m almost a mess, I should at least tell you my strategy 📊.
People call it Higher high ⏫. The rules are simple: we are waiting to form two green candlesticks unrhyw on any timetable. The closure of the second candlestick should be higher than the maximum of the first. Then we wait for the red candlestick 🟥 and as soon as it closes, I open a long position. The target is reached when the price moves up at the height of two candles. The stop order is placed below or below the first candlestick.
Similar thing with short posts.
You might ask, “So why are you sitting with such a minus and averaging the position? 🤨 It’s simple – psychology. If you forgot to set one stop, then something goes wrong – a reluctance to accept a minus, a desire to come back, and a miserable confidence that the market will fall 📉.
If I don’t lose everything, I will describe the additional rules of my strategy tomorrow. Some moments I’ve deduced for myself while writing a merchant’s diary. Wish me luck 🤞.
- ROI for today: + $ 194, that’s + 25%.
- ROI for last trading week: + 88%
- ROI since the beginning of the trading month: + 91.4%