$crypto
If you dont use stoploss, you cant calc. Risk/Reward ratio which means there is no Risk Management.
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Did you consider this a bad entry? Did you move your SL or get stopped out?
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yes, should been stopped out on break even
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Thanks for information. What's your min R/R ratio to enter a trade and why?
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Setting up 4x R/R with a stop loss and limit sell works great for bitcoin. But what about lower volume altcoins with thin order books?
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use higher timeframes
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Lower stop loss, higher target on a longer time frame. Didn’t think of that, good on ya
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& don't forget the vital info for new traders = closer to support = less risk = more shares = more potential profit.
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When you say closer to support do you mean setting stops closer to support or targets?
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Dang thanks for the details!
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Market makers love stop loss orders. They flee to them like flys on chit. I refuse to use stop loss orders unless I have to.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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