$ETH Maddrix III - Great SHORT taken, 50% of profit lost in pump
This week Maddrix III took a short position (randomly decided by the algo) and it was our lucky day because it was dumping.
It was frustrating because profits were cut by 2 due to the pump back.
What is important to learn here is that when you have a trading system, you MUST stick to the rules.
In this case, it reached it's STOP level, so it exited, for a much smaller profit. We can see that it then went back down and it "could" have made more.
The problem is when it was pumping up, it could have kept going higher and higher, and the safest is to take some profits, instead of thinking "what if".
This is what it means to be disciplined and have RULES.
If this was done by a human, it would be very hard. Good thing the algo is taking care of it!
It was frustrating because profits were cut by 2 due to the pump back.
What is important to learn here is that when you have a trading system, you MUST stick to the rules.
In this case, it reached it's STOP level, so it exited, for a much smaller profit. We can see that it then went back down and it "could" have made more.
The problem is when it was pumping up, it could have kept going higher and higher, and the safest is to take some profits, instead of thinking "what if".
This is what it means to be disciplined and have RULES.
If this was done by a human, it would be very hard. Good thing the algo is taking care of it!
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