Glacier Network: Trading Basics, Manual Stop-Loss & My Strategy This is what I mean by low risk. For example, the last low for GLSUSDT happened at 0.00268 and the current price sits around 0.00390.
If we consider the last low as a stop-loss point using the monthly timeframe, it would give us a maximum of 30% risk. This is how we do it:
If GLSUSDT moves and closes monthly below 0.00268, we can stop a trade. This is a stop-loss based on the long-term. It is a manual stop-loss as we don't put an actual order and commit ourselves to losing money. It can happen that prices wick below or move lower just to recover in a matter of hours or days. In fact, when the market hits bottom we only buy and hold. Using a stop-loss is not recommended at all. The stop-loss is a sure way to lose money if you are a beginner. It is better to buy and hold focusing on the long-term.
Ok. So the risk is already pre-defined. In the worst case scenario, you lose 30% and you know this beforehand. No surprises there.
Now, let's consider the upside. Easy target 400%, wow! That's more than 10 times the risk. So we have a great risk-reward ratio.
Let's consider a higher target. 0.04685 for 1,101%. This would a long-term target but can also happen mid-term, say, within 2-3 months.
Now, if you use an advanced diversification strategy and choose many pairs like this one, pairs with high potential for growth vs very low risk, in the long-term, you are sure to win. That's my strategy. Easy, isn't it?
It is. And we win.
We are winners now and we win always and long-term.
We don't win them all but we win most of them.
The goal is to have a sound plan, a winning strategy, and follow it until the end.
You can adapt the system to your own liking, but this is stress free trading.
...
...
...
Wait... Let's consider a new All-Time High, a shy one.
This gives us 1,801% total potential for growth. Compared with a 30% risk, I am ready to hold long-term.
Thank you for reading.
Namaste.
