November 18 Update - peaks at $478.
Update ------- Over -----
RISK TO REWARD 5.17 :1
ENTRY PRICE $410-$425
TARGET 1 = $540-$582
STOP LOSS = $388
PROBABILITY = 60-65%
CHAIN TO GAIN = 38%
CHANCE TO LOSE = 7.35%
FLIP A COIN OVER
TEN GAMES EXAMPLE
OUT GAMES WITH RR 5.17 :1
WON 30%, LOSS 70%
EACH WIN = $517
EACH LOSS = $100
3 WINS @ $517 = $1551
7 LOSSES @ $100 = $700
PROFIT = $1551 - $700
TOTAL PROFIT = $851
TIME FRAME= 8-13 DAYS
Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.
Twitter - https://twitter.com/PhilakoneCrypto
https://www.youtube.com/user/philakone1
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The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.