I took a long on $BULLA /USDT on 4 September at IST Time 5:30 in the morning. Entry was 0.035633. All three targets filled and the trade closed at +45.50% after 1 day and 3 hours. #BULLA
The levels were fixed before entry. Target 1 at 0.039196, target 2 at 0.04276, target 3 at 0.046323, which is 10, 20 and 30 percent above entry. Stop was at 0.026725, so 25% was the real risk on the table.
The move was not smooth. For most of 4 September price went sideways, then dipped under my entry and sat there through the night. Anyone watching it around 3 in the morning would have thought the setup was dead. The push came on 5 September and it was fast.
Then the part I keep having to write about. It did not stop at my exit. Price ran to 0.07546, which is 111.77% above my entry, about 1 day and 6 hours in. I booked 45.50%.
That stop at 0.026725 was real. If the sideways stretch had broken down instead of up, this would be a loss post with the same exact numbers on it. Most of my closes sit in the 10 to 30 percent band, and that is the plan working, not the plan failing.
The lesson from this one is about the boring middle. The trade looked broken for almost a full day before it did anything. Sitting through that is the actual skill, not picking the entry.
Do you cut a trade that goes flat for 24 hours, or do you give it the full window?
The levels were fixed before entry. Target 1 at 0.039196, target 2 at 0.04276, target 3 at 0.046323, which is 10, 20 and 30 percent above entry. Stop was at 0.026725, so 25% was the real risk on the table.
The move was not smooth. For most of 4 September price went sideways, then dipped under my entry and sat there through the night. Anyone watching it around 3 in the morning would have thought the setup was dead. The push came on 5 September and it was fast.
Then the part I keep having to write about. It did not stop at my exit. Price ran to 0.07546, which is 111.77% above my entry, about 1 day and 6 hours in. I booked 45.50%.
That stop at 0.026725 was real. If the sideways stretch had broken down instead of up, this would be a loss post with the same exact numbers on it. Most of my closes sit in the 10 to 30 percent band, and that is the plan working, not the plan failing.
The lesson from this one is about the boring middle. The trade looked broken for almost a full day before it did anything. Sitting through that is the actual skill, not picking the entry.
Do you cut a trade that goes flat for 24 hours, or do you give it the full window?
