Glacier Network: Trading Basics, Manual Stop-Loss & My Strategy
This is what I mean by low risk. For example, the last low for GLSUSDT happened at 0.00268 and the current price sits around 0.00390.
If we consider the last low as a stop-loss point using the monthly timeframe, it would give us a maximum of 30% risk. This is how we do it:
If GLSUSDT moves and closes monthly below 0.00268, we can stop a trade. This is a stop-loss based on the long-term. It is a manual stop-loss as we don't put an actual order and commit ourselves to losing money. It can happen that prices wick below or move lower just to recover in a matter of hours or days. In fact, when the market hits bottom we only buy and hold. Using a stop-loss is not recommended at all. The stop-loss is a sure way to lose money if you are a beginner. It is better to buy and hold focusing on the long-term.
Ok. So the risk is already pre-defined. In the worst case scenario, you lose 30% and you know this beforehand. No surprises there.
Now, let's consider the upside. Easy target 400%, wow! That's more than 10 times the risk. So we have a great risk-reward ratio.
Let's consider a higher target. 0.04685 for 1,101%. This would a long-term target but can also happen mid-term, say, within 2-3 months.
Now, if you use an advanced diversification strategy and choose many pairs like this one, pairs with high potential for growth vs very low risk, in the long-term, you are sure to win. That's my strategy. Easy, isn't it?
It is. And we win.
We are winners now and we win always and long-term.
We don't win them all but we win most of them.
The goal is to have a sound plan, a winning strategy, and follow it until the end.
You can adapt the system to your own liking, but this is stress free trading.
...
...
...
Wait... Let's consider a new All-Time High, a shy one.
This gives us 1,801% total potential for growth. Compared with a 30% risk, I am ready to hold long-term.
Thank you for reading.
Namaste.
If we consider the last low as a stop-loss point using the monthly timeframe, it would give us a maximum of 30% risk. This is how we do it:
If GLSUSDT moves and closes monthly below 0.00268, we can stop a trade. This is a stop-loss based on the long-term. It is a manual stop-loss as we don't put an actual order and commit ourselves to losing money. It can happen that prices wick below or move lower just to recover in a matter of hours or days. In fact, when the market hits bottom we only buy and hold. Using a stop-loss is not recommended at all. The stop-loss is a sure way to lose money if you are a beginner. It is better to buy and hold focusing on the long-term.
Ok. So the risk is already pre-defined. In the worst case scenario, you lose 30% and you know this beforehand. No surprises there.
Now, let's consider the upside. Easy target 400%, wow! That's more than 10 times the risk. So we have a great risk-reward ratio.
Let's consider a higher target. 0.04685 for 1,101%. This would a long-term target but can also happen mid-term, say, within 2-3 months.
Now, if you use an advanced diversification strategy and choose many pairs like this one, pairs with high potential for growth vs very low risk, in the long-term, you are sure to win. That's my strategy. Easy, isn't it?
It is. And we win.
We are winners now and we win always and long-term.
We don't win them all but we win most of them.
The goal is to have a sound plan, a winning strategy, and follow it until the end.
You can adapt the system to your own liking, but this is stress free trading.
...
...
...
Wait... Let's consider a new All-Time High, a shy one.
This gives us 1,801% total potential for growth. Compared with a 30% risk, I am ready to hold long-term.
Thank you for reading.
Namaste.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 Long-term Success & Freedom Available Now! (Avoid Mistakes) —PREMIUM Channels 👉 lamatrades.com (Since 2017)
🥇 9999% Results
t.me/alansantana1111/5935
t.me/anandatrades/971
🏆 FREE Trade-numbers
anandatrades.com
🥇 9999% Results
t.me/alansantana1111/5935
t.me/anandatrades/971
🏆 FREE Trade-numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.