Victor Cobra's Trading Challenge Part IV (Risk Management)
Updated
Update on my small trading challenge. Just sold everything for a 20% overall profit, since I wanted to lock in some gains. Some of the coins (XRP and XLM) may bounce soon, but the market is looking a bit scary to me at the moment, so I feel more comfortable exercising some risk management here. I can always look for better opportunities later on.
This is not financial advice. This is just an update on what I'm personally doing.
-Victor Cobra
This is not financial advice. This is just an update on what I'm personally doing.
-Victor Cobra
Note
And just like that! The market dumps right after I sold. It might end up being short lived, but even if it bounces quick and I buy back higher, the goal is TRADING, not holding. So I can find a better opportunity.
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