When we have three entries , don’t put the largest capital at the first entry . That is a bad approach to trade . Only a noob trader has a single entry (quote me anywhere )
The reason is it will be difficult for you to average out . Let us assume you have $200 to trade a set up:
Entry 1: $60
Entry 2: $70
Entry 3: $70
If you throw in the larger sum at first entry , it won’t give you a nice average entry.
Don’t fomo to put in your larger sum in the first entry .
It doesn’t work that way.
As per profit taking too, you should always bear in mind that crypto is volatile and this is not stock. You can hit first target and everything will go south.Then you finally lose money .
Will you say such signal setup is wrong ?
No !!!
The first target is the most important target , others tps are just by the way.
You take your 40 -50% profit on 1st target . Then spread the rest .
For more conservation , you set the rest to stop at your entry.
If you love trailing stop , include it in your risk management strategy .
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