【81U Paper Trading Challenge | Day 4】
⚠️ Paper trading: using 81U in virtual funds, not a real account. This is not a copy-trading recommendation.
Today's trade: Short $ETH perpetuals (paper trade)
Entry: 2,415.89 | Stop-loss: 2,446 | Take-profit: 2,358
Size: 0.049 ETH, approximately 1.5x leverage. Maximum loss on this trade: about 1.59U (within 2% of equity)
Realized P&L: 0.00U (I was flat yesterday and only opened a position today)
Current equity: 81.00U (starting balance: 81U, ±0%)
Why short ETH?
$BTC has moved back above its 4H short-term moving average, but ETH is still below its 4H moving average and is the weakest of the three coins.
ETH's 4H highs have been declining: 2,441, 2,430, 2,429, 2,420. The funding rate is slightly positive, so the short position can earn a little funding.
The stop-loss is above the previous high and moving average. The target is just above the 24h low of 2,355, for a risk-reward ratio of about 1.9.
To be clear about the risks on the other side: 2,355 has already been tested twice, so a double bottom could form; trading volume tends to be low on Sunday nights. If the stop-loss is hit, I'll take the loss and report back honestly tomorrow.
Risk management takeaway: Decide how much you’re willing to lose first, then determine your position size. Position size is calculated, not guessed.
Your turn: Would you take this trade? 🟢 Yes / 🔴 No
⚠️ Leveraged contracts are high risk and could result in the loss of your entire margin.
Binance referral code: BRYANTTRADE
For more resources, see the BIO on my profile.
Not investment advice. Investing involves risk.
#81UPaperTrading #ETH #ContractTrading #RiskManagement #Cryptocurrency
⚠️ Paper trading: using 81U in virtual funds, not a real account. This is not a copy-trading recommendation.
Today's trade: Short $ETH perpetuals (paper trade)
Entry: 2,415.89 | Stop-loss: 2,446 | Take-profit: 2,358
Size: 0.049 ETH, approximately 1.5x leverage. Maximum loss on this trade: about 1.59U (within 2% of equity)
Realized P&L: 0.00U (I was flat yesterday and only opened a position today)
Current equity: 81.00U (starting balance: 81U, ±0%)
Why short ETH?
$BTC has moved back above its 4H short-term moving average, but ETH is still below its 4H moving average and is the weakest of the three coins.
ETH's 4H highs have been declining: 2,441, 2,430, 2,429, 2,420. The funding rate is slightly positive, so the short position can earn a little funding.
The stop-loss is above the previous high and moving average. The target is just above the 24h low of 2,355, for a risk-reward ratio of about 1.9.
To be clear about the risks on the other side: 2,355 has already been tested twice, so a double bottom could form; trading volume tends to be low on Sunday nights. If the stop-loss is hit, I'll take the loss and report back honestly tomorrow.
Risk management takeaway: Decide how much you’re willing to lose first, then determine your position size. Position size is calculated, not guessed.
Your turn: Would you take this trade? 🟢 Yes / 🔴 No
⚠️ Leveraged contracts are high risk and could result in the loss of your entire margin.
Binance referral code: BRYANTTRADE
For more resources, see the BIO on my profile.
Not investment advice. Investing involves risk.
#81UPaperTrading #ETH #ContractTrading #RiskManagement #Cryptocurrency