$MAGIC Got in at 0.09, kept adding and holding along the way.
There’s nothing fancy about this MAGIC trade: I saw the right level, had the nerve to enter, and stayed in.
I entered in four tranches, from 0.09025 up to 0.10597, increasing my position each time. It wasn’t a heat-of-the-moment decision—I added only once the trend had emerged. The first entry was my base position; every addition after that came only after the market confirmed the move.
A lot of people ask how I managed to hold on. Put simply: think it through before you enter, and don’t make rash moves once you’re in. If you didn’t dare buy at 0.09, would you chase it at 0.10? Then you’d worry about a pullback, sell when it came, and watch it rise again after you sold. All that back and forth could cost you enough in fees to put you in the red.
This trade isn’t over yet, but I’ve got the rhythm in hand.
There’s nothing fancy about this MAGIC trade: I saw the right level, had the nerve to enter, and stayed in.
I entered in four tranches, from 0.09025 up to 0.10597, increasing my position each time. It wasn’t a heat-of-the-moment decision—I added only once the trend had emerged. The first entry was my base position; every addition after that came only after the market confirmed the move.
A lot of people ask how I managed to hold on. Put simply: think it through before you enter, and don’t make rash moves once you’re in. If you didn’t dare buy at 0.09, would you chase it at 0.10? Then you’d worry about a pullback, sell when it came, and watch it rise again after you sold. All that back and forth could cost you enough in fees to put you in the red.
This trade isn’t over yet, but I’ve got the rhythm in hand.