I want to open a discussion, what about those who knows / have a method to determine TPs discuss them here?
I personally use previous HH or Fibs.
I don't follow any signals group just what we discuss in here Momentum Traders , I try to enter s calls if I have BTC available and adapt the TP according to market situation I try to avoid greed (80%/90% of the TP) and be conservative as i dont like to stay trapped in a trade for longer than needed.
And if I see the opportunity to re-enter on a retracement I do to chase TP2.
On good market days I will sell 80% at TP1 (if TP1 was higher than 20% profit) and leave the remaining 20% chasing TP2 this way i secure the capital and i am only risking the profit.
My Stop losses are usually a below last known strong support to avoid SL snipers. (Some snipers go way below that and well those cannot be avoided)
I watch whale pressure on the order book to assess accumulation and try to enter early on my own calls.
I also prefer the low value coins as they are more easily manipulated by whales.
I sleep better now I leave TP and SL
Good news... STEEM reached 9100 satoshis...
The sad ones is that I only have about 499 in Binance + what i am using to pay for the bidbot so my posts don't die into oblivion.
I might become a drug dealer, I think it takes less of my time than writing these posts.
"Plan the trade and trade the plan".
What do you think?
Over the long term I need to be Bullish on STEEM hopefully I will be able to put more SP on my account once i finish this operation.
If you like my journal of trying to make a shitload of steem please comment