Your stop on $PYTH at 0.06320 is closer than the hourly noise
Most traders pick a random three percent loss and wonder why they get wicked out
The market swings 0.9 percent every hour on average so a tight stop is just paying fees to luck
Price is sitting right near the bottom of today's range at 0.06326 down 3.7 percent
That low at 0.06320 is the line that actually proves the trade thesis dead
Open $PYTH and set an alert at that level
Put the protection past the normal hourly swing instead of a round number
Where do you normally set yours before looking at the chart candles
#PYTH #TradingTips
Most traders pick a random three percent loss and wonder why they get wicked out
The market swings 0.9 percent every hour on average so a tight stop is just paying fees to luck
Price is sitting right near the bottom of today's range at 0.06326 down 3.7 percent
That low at 0.06320 is the line that actually proves the trade thesis dead
Open $PYTH and set an alert at that level
Put the protection past the normal hourly swing instead of a round number
Where do you normally set yours before looking at the chart candles
#PYTH #TradingTips