In this space, I want to start sharing my learning journey in trading. Above all, focusing on mistakes and lessons learned to create a space for building and community. See more….
On this occasion, I shared my trade of $CAKE that I opened over the weekend at 2.01.
Once I opened the trade, the price dropped to 1.9; however, the stop loss did not activate, so I continued to wait for a bullish momentum.
On Thursday, when $BTC rose to 97.000 and I saw that $CAKE did not follow the movement and was below my buying zone, I decided to place a sell order in the buying zone to exit the market.
Once the market took me out, it continued to rise.
Lesson learned: I must raise the stop losses as the market rises in order to let the price move in my favor.
What advice do you give me to improve?
#TradeStories
#TradeLessons
#AltcoinTrade
On this occasion, I shared my trade of $CAKE that I opened over the weekend at 2.01.
Once I opened the trade, the price dropped to 1.9; however, the stop loss did not activate, so I continued to wait for a bullish momentum.
On Thursday, when $BTC rose to 97.000 and I saw that $CAKE did not follow the movement and was below my buying zone, I decided to place a sell order in the buying zone to exit the market.
Once the market took me out, it continued to rise.
Lesson learned: I must raise the stop losses as the market rises in order to let the price move in my favor.
What advice do you give me to improve?
#TradeStories
#TradeLessons
#AltcoinTrade
