Hi Luc,
I'm very appreciative of the information you've put out so far and I'm sorry about the security issues you've been having.
If you do decide to come back (which I'm hoping you do) and teach us up-and-coming crypto traders, but have to do it through chart images rather than video, then I'm sure that we'd not only benefit from that, but you would also benefit in terms of internet security and keeping everything on steemit.
I've been learning how to read charts (via forex) off and on for the past 4 years and if my memory serves me correctly, I believe you've entered your trade on ETH/USDT at $199.55, set a stop loss at $180.59, and looking to take profit at $388.93. Which would be a risk-to-reward ratio of 10 to 1 (I think). And you entered in the trade at that price point due to prior support at that level.
Looking forward to learning more from you!
I actually dont use stop losses.. like ever.. Just imagine you had a stop loss set up on Gdax the other day when they had the flash crash in ETH all the way down to .11 cents.. holy crap.. you would probably have a sell executed far far below where you planned to take a loss.. Very risky.. I trade a different way.. I buy dips, on surprise drops, on stock/cryptos that have a perfect bouncing history.. Then if I believe in the coin, I leave my profits in, and take back my principle, therefor only creating free coins in my bank.. Otherwise, if I was just planning to trade for profit, then I take it all off and reset an alarm for the next possible dip.. No stop loss.. Everytrade is a win or a loss, with the odds way way in my favor.. so its almost never a loss.. less then 5% losers
Interesting...I've always heard of recommendations for using a stop loss to manage risk in a trade, but the example you gave makes a lot of sense.
I originally learned about trading by way of price action from Nial Fuller (http://www.learntotradethemarket.com/) using tactics like pin bar reversals and inside bar breakouts, but I'm open to learning new strategies like the ones you use.
Hopefully I can become a successful swing/day trader with enough real-world practice and experience (I'm tired of paper trading lol).
Thanks Luc!
yup, Ill start making the videos and hopefully that will help. I dont have much time, since I am a full time trader, but ill get started on them asap