They say buy low, sell high, thats the magical mantra to make profits by trading.
That's why with the hope of making some profits I have invested some small amount in LUN.
I bought at 0.0004175 BTC
I'm hoping to make a profit of around 15% from this trade, so my sell order is set at around 0.0004800 BTC
I think this might be a successful trade as the price is taking off after hitting its latest bottom.
Investment into crypto is always risky and have burned me a lot in the past, thats why on this specific trade I'm willing to risk as much as 5% so my stop-loss is set at around 0.0004 BTC
If the price hits off and puts me on a profit level, I plan to lock it by changing my stop-loss. Also I plan to HODL this trade for a week.
What do you think of this investment plan, if you got any suggestion or advice for me, feel free to drop by a comment, also let me know which coins are you trading today, and especially if you are also trading LUN.