2 to 1 Risk vs. Reward, XRP TRADE SETUP AT 30X LEVERAGE ON $500.
Updated
My last trade went perfectly according to plan. I'm going to attempt a secondary trade based on the same premise, but this time, I will try to capture the retest of the .583 level. To reduce my risk, since the first trade was a success, I've reduced the dollar amount in the trade by 50% to avoid giving back too much of the profit from the previous trade, assuming I'm wrong on this one. I have also reduced the risk-to-reward ratio by 20% on the reward size to make the trade a little easier to achieve.
Limiting losses is key to successful trading.
Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer!
Good luck!
Limiting losses is key to successful trading.
Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer!
Good luck!
Trade active
Buy order filled on the 11 a.m. (Mnt. time) Hourly Candle.Trade closed: stop reached
Failed trade.Note
Stopped out of trade for a small loss. Lost $155 and some change, + trading fees. This is why I reduced the dollar amount of the second trade, after having a winner previously. Limiting losses.
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