10/21 Market Update:
The ETH entry I shared this afternoon (long at 2452, stop loss at 2425) pulled back after reaching a little over a 1:1 risk-reward ratio. This proves what I’ve been sharing with everyone on livestreams over the past few days: “If you’re a day trader, use a 1:1 risk-reward ratio and combine it with trading conditions that give you a higher win rate, and you can still do pretty well overall in the long run!”
At this point, I’m still choosing to give the trade some room, accepting the possibility of getting stopped out in the hope of a larger risk-reward ratio. What do you think—will this trade turn Jiu-ge’s bicycle into a motorcycle, or will someone steal his bicycle? (Laughs) $ETH
The ETH entry I shared this afternoon (long at 2452, stop loss at 2425) pulled back after reaching a little over a 1:1 risk-reward ratio. This proves what I’ve been sharing with everyone on livestreams over the past few days: “If you’re a day trader, use a 1:1 risk-reward ratio and combine it with trading conditions that give you a higher win rate, and you can still do pretty well overall in the long run!”
At this point, I’m still choosing to give the trade some room, accepting the possibility of getting stopped out in the hope of a larger risk-reward ratio. What do you think—will this trade turn Jiu-ge’s bicycle into a motorcycle, or will someone steal his bicycle? (Laughs) $ETH