The past week has shown us some crypto gains in many different coins. Luckily one of those coins was XLM which as previously posted I had put a trade on.
Profit Target Hit - Hold or Sell?
Looking at the lines on the chart you can see where my profit target was. XLM starting moving up after making a nice bottoming base and could still move higher.
This left me to thing, should I hold it or take my profit.
When I put the trade on that is what it was - a trade. Trades have profit targets and over the long run you are better off sticking with them.
Thus, I sold the remainder of my position when it hit .0541 and will be content with that, even with price being a bit higher now.
I have a long-term portfolio of crypto that I can ride for the longer-term moves .
xlm winner
!giphy winner
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
giphy is supported by witness untersatz!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good move, I don't know what got into cryptos this week, but at some point it's going to pull back...if price hit your target, follow your rules and get out of the trade.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit