$MAGMA :
Example of how to manage the trade and avoid the tails of betrayal:
Pay close attention to me.
I conducted my own analysis of the coin and entered at $0.48123. The entry was Zero drawdown—zero reflection..
When the price reached the intraday peak on the 15-minute timeframe at $0.50466, I closed part of the position and moved the stop loss to the entry point. That way, the trade became zero risk.
After the price surpassed the intraday peak and went above $0.51200, it pulled down a long candlestick tail to hit traders’ stops..
If I had been in a large contract size or with high leverage that my small account cannot handle, the trade would have been devastating.
But sticking to a risk management plan first, and protecting profits second, made the stop-loss hit something that doesn’t affect me at all..
By the way, the final target for this stock is most likely $1.3
Example of how to manage the trade and avoid the tails of betrayal:
Pay close attention to me.
I conducted my own analysis of the coin and entered at $0.48123. The entry was Zero drawdown—zero reflection..
When the price reached the intraday peak on the 15-minute timeframe at $0.50466, I closed part of the position and moved the stop loss to the entry point. That way, the trade became zero risk.
After the price surpassed the intraday peak and went above $0.51200, it pulled down a long candlestick tail to hit traders’ stops..
If I had been in a large contract size or with high leverage that my small account cannot handle, the trade would have been devastating.
But sticking to a risk management plan first, and protecting profits second, made the stop-loss hit something that doesn’t affect me at all..
By the way, the final target for this stock is most likely $1.3
