My 2nd trade of the day that went south. I shorted, was in profit near my profit taking range, but didn't close my position. Price ended up going higher, was hitting my stop loss, but instead, I added 3 times more to my position size to have a $60,000 position size, to ladder and average my short. The mistakes I made were:
- I should've stuck to my stop loss but got greedy
- I shouldn't have laddered $20K position size to $60K instead.
- It wasn't worth it for a $150 profit only
My 2nd trade of the day that went south. I shorted, was in profit near my profit taking range, but didn't close my position. Price ended up going higher, was hitting my stop loss, but instead, I added 3 times more to my position size to have a $60,000 position size, to ladder and average my short. The mistakes I made were:
- I should've stuck to my stop loss but got greedy
- I shouldn't have laddered $20K position size to $60K instead.
- It wasn't worth it for a $150 profit only
My new trading course is now live. I have no doubt that if you put in hard work every day, continuously improve your skills, and thrive to become a better trader, that you'll excel to the level that you want to be. I look forward to having many students and see you there. Please visit here for more information:
Thanks for a great tutorial , There is a lot to learn from this . Great stuff
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
philakone, I am sorry to hear about this. Thank you for the honest way in which you share your experiences. It is much appreciated.
We just uploaded a new BTC Technical Analysts Daily Summary. Go check it out and give us a vote please.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dear Philakone! We do love your updates on steemit.. please keep updating.. waiting for the next BTC TA you are going to post today.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Learning so much from these live trade videos. Genuinely, thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good article! Please check out my steemit account. I am doing TA, crypto news and giveaways. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like your every vedio than you...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey Philakone! Been following you on youtube a while now. Finally have myself set up to start trying out your strategy.
Did you end up getting that R8? I'd personally probably have gone with a Tesla Model S but the R8 would have been my 3rd choice after the Nissan GT-R. Until I hit it big though my 350Z will have to do the job. =)
If you're ever down for a drink or blaze on Corydon just leave me a reply here.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @philakonesteemit! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @philakonesteemit! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit