+++ I am not a financial advisor (good luck finding one in crypto). Trade at your own risk +++
Trade active
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(risky btw)
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2HR inside bar formed.
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Playing around the neckline.
I might soon regret following someone else idea. Well I went in super small and at least it broke my boredom.
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What's the probability of having 6 red days in a row? 7? 8?
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So much for a day trade... If it doesn't go up soon, today tommorow or in 2 days, might be going way down into longer term (juicy) buy zone.
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Well we are etsting the log downtrend...
Still out of linear downtrend:
I'll be happy either way. Go down into accumulation spot I lose almost nothing and can buy a couple dozen/hundred NEO cheap, go up I make a (relatively) quick little profit.
Trade closed: stop reached
RIP 100% winrate. This is why you always go small on risky trades. On the long run even 50/50 odds generate profit if RR is just at 2 (lose 100$ 50 times + win 200 50 times => 10000-5000=5000$ win) as long as the trader doesn't go all in or RIP account after a bad luck streak.
BTC killing alts :D Going to keep waiting for NEO at 80$ then. It's probably going to bounce on 100-110$ but I'll ignore that.
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My only bad trade. Good thing I precised it was bad and from someone else XD Should have made it private.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.