Live Trade VLOG - $60K Trade Gone Wrong - $150 Profit Only. Learn from These Mistakes
My 2nd trade of the day that went south. I shorted, was in profit near my profit taking range, but didn't close my position. Price ended up going higher, was hitting my stop loss, but instead, I added 3 times more to my position size to have a $60,000 position size, to ladder and average my short. The mistakes I made were:
- I should've stuck to my stop loss but got greedy
- I shouldn't have laddered $20K position size to $60K instead.
- It wasn't worth it for a $150 profit only
My 2nd trade of the day that went south. I shorted, was in profit near my profit taking range, but didn't close my position. Price ended up going higher, was hitting my stop loss, but instead, I added 3 times more to my position size to have a $60,000 position size, to ladder and average my short. The mistakes I made were:
- I should've stuck to my stop loss but got greedy
- I shouldn't have laddered $20K position size to $60K instead.
- It wasn't worth it for a $150 profit only
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Thanks for a great tutorial , There is a lot to learn from this . Great stuff
philakone, I am sorry to hear about this. Thank you for the honest way in which you share your experiences. It is much appreciated.
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Dear Philakone! We do love your updates on steemit.. please keep updating.. waiting for the next BTC TA you are going to post today.
Learning so much from these live trade videos. Genuinely, thank you.
Good article! Please check out my steemit account. I am doing TA, crypto news and giveaways. Thank you!
I like your every vedio than you...
Hey Philakone! Been following you on youtube a while now. Finally have myself set up to start trying out your strategy.
Did you end up getting that R8? I'd personally probably have gone with a Tesla Model S but the R8 would have been my 3rd choice after the Nissan GT-R. Until I hit it big though my 350Z will have to do the job. =)
If you're ever down for a drink or blaze on Corydon just leave me a reply here.
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