4 out of 4
Everybody loves to be a winner and in trading this means to find oneself in a winning trade. Risk control is where in trading lies the true holy grail so. Looking at our last weeks chart book plays:
https://www.midastouch-consulting.com/crypto-chartbook-13012019 we can say we achieved both.
Looking closer at these trades, it is the fact that they almost immediately moved out of their entry zone into the green, that represents risk mitigation. It is this sort of entry timing that you want to look for.
100 percent hit rate of last weeks chart book post, with extremely low entry risk and high risk/reward ratios
While the market was without direction, Binance Coin advanced within two days by 11 percent and as such provided for a healthy return.
NEO caught quickly momentum in an upward thrust shortly after entry for instant profit taking to reduce risk on the whole position. Neo’s runner took 5 days to reach it’s final target netting above 16 percent.
TRON enjoyed a quick move right out of the gate, and like it’s counter parties never revisited its entry price. Three harmonious swings here represented on a 60 min chart made it’s runner a net profit of 22 percent within a 24 hour period.
QTUM had a very low risk entry point as well and we cut position size in half at it’s financing target. At this point we trailed the original stop to break even entry levels. It’s first target met at $ 2.25 where another quarter of the total position size was cashed in.
There was no follow through for final second target and therefor the last small portion of the trade stopped out at entry levels for break even.
Not all trades always work out, but in this case our efforts got rewarded. While the market was dormant within tight rang, these coin pics for relative strength, provided handsome rewards.
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