Trading Challenge: Watch me trade 100 (76) USDT to 50,000 USDT.
My last post got taken down :(.
I went to sleep and instantly lost.
So copying from the previous post...
Introduction:
This is a personal log of me trading from 100 USDT to 50,000 USDT, strictly trading cryptos. Each trade I will be explaining the grade of the trade, the reasoning behind why I’m taking this trade and the techniques I am using. THIS IS STRICTLY NOT FINANCIAL ADVICE.
Trade number 2: SOLUSDT SHORT 15 min
Grade: B
Reasoning Behind the trade: We are in a clear range. We broke temporary resistance and are supported by EMAs.
Technique Insight:
Risk Management. Risk management is definitely not going to be the norm for a challenge like this. Instead I’m taking an exponential approach. I’ll be risking 24% of my capital on each trade, whilst aiming for a 30% gain, this gives me a risk to reward ratio of 1.3 (realistically 1.33 to take into account fees). This means I’ll be sizing my position to the point where if I lose I will retreat to the previous level and if I win I’ll advance.
I went to sleep and instantly lost.
So copying from the previous post...
Introduction:
This is a personal log of me trading from 100 USDT to 50,000 USDT, strictly trading cryptos. Each trade I will be explaining the grade of the trade, the reasoning behind why I’m taking this trade and the techniques I am using. THIS IS STRICTLY NOT FINANCIAL ADVICE.
Trade number 2: SOLUSDT SHORT 15 min
Grade: B
Reasoning Behind the trade: We are in a clear range. We broke temporary resistance and are supported by EMAs.
Technique Insight:
Risk Management. Risk management is definitely not going to be the norm for a challenge like this. Instead I’m taking an exponential approach. I’ll be risking 24% of my capital on each trade, whilst aiming for a 30% gain, this gives me a risk to reward ratio of 1.3 (realistically 1.33 to take into account fees). This means I’ll be sizing my position to the point where if I lose I will retreat to the previous level and if I win I’ll advance.
Trade active
Midpoint reached moving SL to ~+5%Trade closed manually
Reversed closed at break even
Disclaimer
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.
Disclaimer
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.