#EdwardMorra | VIPLeaksPool



#STRAT
Dipped into the buy zone (63-64k) and went up from there. Target 77 is reached. As per usual, take 30% (or whatever you comfortable) of profits and let the rest ride. Next target is 89k.
https://www.coinigy.com/s/i/5ae5b1ea864b8/

#EdwardMorra | VIPLeaksPool



#BTC
This is what I am talking about (read a post above)
https://www.coinigy.com/s/i/5af8be9329be6/

#EdwardMorra | VIPLeaksPool



🛎
POSITION SIZING AND RISK MANAGEMENT
[READ]
There are a lot of people who misunderstand the "risk only 1-2%" per trade rule.
Risking 1-2% per trade doesn't mean you can only use 1-2% of your trading stack. It means that if you get stopped out, your LOSSES should only amount to that much.
Example: Trading stack = 100k. 2% risk of that is $2000. I enter a trade with a stop loss 8% below my entry. so, 8% of how much is $2000? or .08x = 2000, which comes out to $25,000. So you'd actually be using a 25% of your stack but only risking 2%
If you're a halfway decent trader and your trades have R/R ratios of at least 2:1 you will make money with this method.
Formula: (% Stop loss is away from Entry)x = 2% of equity
% Stop loss is away from entry should be in decimal form, so 5% = .05, 12% = .12, etc(edited)
I start with 2% risk on capital per trade
After a losing trade, I will reduce risk to 1% and will only return to 2% after I recoup half my losses from the losing trade.
If I get two losers in a row, I reduce risk to .5% and will only return to 1% after I recoup half my losses from all losing trades, then follow the above step until I'm back to 2%

#EdwardMorra



#BTC
Ok, i don't usually post such risky plays for members, in the middle of the range, but since I legitimately slept over that green box I put couple of days ago (kudos for anyone who longed there, though i doubt if anyone did, which is ok). Sad nobody called it. I am taking more risky entry now. I am ok with this risk, entering this long on a pullback (layers couple of orders from 7375 to 7300, purple lines on my chart can be used as reference). SL 7265 (pretty tight). Personally using x5 lev for this. Targeting 7600-7700 for the beginning, and possible higher up to 7800-7900 depending on momentum, will fix partially (will update of course). To note: this is countertrading h&s pattern so definitely some risk involved, but because SL is so tight, i am taking this trade. If we dump a bit more, i see a lot of support all the way down to 6900ish, so will long from there in that case.
https://www.tradingview.com/x/28CXoYkx/