Hello, my lovely friends!π My New video for You!𧑠Yesterday we left the descending wedge, the price went up to the level of 9600. π That was predictable, because a falling wedge on a bull trend always gives a strong signal to trade. π‘If you wanna learn more about how to trade using a wedge pattern, I'll leave link on my educational post below this video. You can check it. Next level 9700 β 9800 β 9900 π My recommendation for You π₯ Just as you splitted Your buy orders, upon reaching each next target you'll can split your take profits for being safe!
Stay profitable and stay with meπͺπ» Love you𧑠Sincerely Your Rocket Bombππ£
Hi rocket bomb πππpardon me if I want to buy in 9640$$ in your opinion I should take stoploss in what number
RocketBomb
β
@hamedhercules, SL is calculated individually. βπ» It's all depends on the size of Your position, or if you use leverage etc. I can't give everyone the same recommendation.π
HeyJonBray
β
@hamedhercules, How much are you willing to lose? Figure out what percentage of your investment you are comfortable losing based on where you think the market will go.
Once you determine that number, set your stop-loss to it.
Set a profit goal based on your original analysis. Don't be greedy... take partial profits along the way, even if you think it will go higher it is better to have some returns than potentially none.
If you take just enough profits to cover the risk you have factored in, you immediately are in a position of zero-risk!
It is now up to you to determine how much more of a comfortable profit you are willing to seek before ending your position.