After babysitting this trade for about 17+ hours, a few hours ago I took profit at 2630 and moved my stop to entry making this trade risk free. I was really tired, and did not want to trade anymore. But as btc broke down, xrp pumped back into the sell zone. I personally was stopped out in profit at 2650.
Currently Btc is attempting a bounce. If we see continuatiion, then this short should be okay, actually in a prime entry. However, if btc begins to fade, then money may flow into this here asset.
Above all else, be sure to manage your risk properly, take profits often, let trades come to you, don't fomo buy the pump, don't panic sell the dump.
Be well.
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BitMEX
#XRP/U19 Manual Take-Profit
Profit: 4.2%
Period: 17 Hours 16 Minutes
Stop moved to breakeven
This trade is now risk free.
After babysitting this trade for about 17+ hours, a few hours ago I took profit at 2630 and moved my stop to entry making this trade risk free. I was really tired, and did not want to trade anymore. But as btc broke down, xrp pumped back into the sell zone. I personally was stopped out in profit at 2650.
Currently Btc is attempting a bounce. If we see continuatiion, then this short should be okay, actually in a prime entry. However, if btc begins to fade, then money may flow into this here asset.
Above all else, be sure to manage your risk properly, take profits often, let trades come to you, don't fomo buy the pump, don't panic sell the dump.
Be well.