here is the post from 10 days ago when i posted the buy:
We quite rankly didn't expect prices to move that fast quite that quickly but wanted to follow up here with the exits of the trades initiated 10 days ago
entries is the easier part in trading even so it requires quite some skills and experience to time them that they are very low risk
or in other words you want to enter and not experience that much heat but get quickly out of the risk zone
DASH performed exceptionally well and as such we just took half of the position off and trailed the rest to a slightly above breakeven stop
entry 10 days ago was
1st exit was 495 with still a nice probability for further advances for the rest of the position.
here you can see that we bought on the actual low day with prices never seen any decline=very low risk and a stop possibility due to the tipple bottom of very conservative nature
stop was at 259
Ethereum also had its low day at the time of purchase and also moved nicely into the green right away with no heat against our entry price- 280
again our timing shows sensible entry positioning and we won't let this turn into a looser anymore: by having taken off here 50% as well at 312 for a good 10% profit within 10 days to mitigate risk and raise the stop near BE (break even)
Steem also purchased on its low day and advancing 25% instantly as well (I took half off at 1.02)has retraced back to its entry levels-
We added today again to a full position and have a much longer time horizon on this much smaller portfolio position which now allows us for relaxed trading having profited already handsomely from its initial purchase
these three executed trades are merely a real time example of low risk entries and quad exits as a psychologically and risk control method to ensure a smooth equity curve and consistency within ones trading results.
(charts are courtesy of worldcoinindex.com and tradingview.com )
here are some tips in past post of how to acquire the skills of timing trades like this:
Past posts of ours that are trading,finance, crypto or trading/investment/money principles related:
Real time Post Trading execution and exit study:
feel free to ask any questions about this or prior posts and thank you for your time
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