Five minutes ago I was going long; five minutes later, I shorted ETH.
BTC long: 82200→82600. Made 80 and got out.
Why I exited: The 1-hour and 4-hour Vegas channels looked like two ceilings, and the price hit them without budging. Fine, can't break higher? Then I'll switch sides.
Shorted ETH at 2477:
- Stop-loss at 2505, above the daily high. If it gets swept, I'll take the loss.
- Take-profit at 2420. If a bullish pattern shows up along the way, I'll get out. No getting greedy.
- 0.4 units. Max loss: 11.2u, or 1.8% of my capital. A position I can sleep easy with.
The outcome of this trade is still up in the air. I'm posting this to put it in writing: either we hit 2420, or I take the loss at 2505. No way I'm holding and hoping.
This is not investment advice. I do what I want with my money. Don't blame me if I lose, and don't blindly follow me if I win—if copying my trades loses you money, who are you going to complain to?
BTC long: 82200→82600. Made 80 and got out.
Why I exited: The 1-hour and 4-hour Vegas channels looked like two ceilings, and the price hit them without budging. Fine, can't break higher? Then I'll switch sides.
Shorted ETH at 2477:
- Stop-loss at 2505, above the daily high. If it gets swept, I'll take the loss.
- Take-profit at 2420. If a bullish pattern shows up along the way, I'll get out. No getting greedy.
- 0.4 units. Max loss: 11.2u, or 1.8% of my capital. A position I can sleep easy with.
The outcome of this trade is still up in the air. I'm posting this to put it in writing: either we hit 2420, or I take the loss at 2505. No way I'm holding and hoping.
This is not investment advice. I do what I want with my money. Don't blame me if I lose, and don't blindly follow me if I win—if copying my trades loses you money, who are you going to complain to?