Trumpet blowing
In this post I'm going to blow my own trumpet, as nobody else is going to do it for me 😙.
So far
If you have been following my blog you will know that I have been trading for many years, and have recently started looking at getting an understanding of what it would take to trade in the crypto markets.
Past Chart
Over a week ago in one of my educational videos for beginners, I spoke about having sold the Russell 2000 index, which is a US small cap stock index. Below is a snap of the chart I showed:
Current Chart
This is how the chart looks today:
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Trumpet blown 😄.
Disclaimer
I am not a financial advisor, and I am not responsible for any losses you may incur as a result of acting on any of the content contained in this article. I make no recommendations to buy or sell, and this post is purely for information and education purposes. Opinions expressed in this post are my own, and you should seek advice from a professional financial adviser.
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Good post, thanks for sharing
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@syamsulrizal thanks for the vote. What do you like about it? 😐
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of course... I like it
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@syamsulrizal, I'm just trying to understand what you like in the post, so that I can write similar helpful posts. Thank you.
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well, that was quite the downfall. Good thing you managed to sell then.
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Unfortunately @kdee916 I didn't catch it all. I usually take half the position off at a first target and try to run the rest a bit longer. Thank you.
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maybe it's bc i'm not as familiar with stocks, but can you explain to me what happened? I thought you managed to sell at a good time, hence the trumpet blowing, but I read a comment below that wasn't the case...just wondering!
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hi @corinneiskorean, thanks for your question. Yes everything was fine with the trade, I just didn't catch all of the move, as I set targets for taking my profits. You see, I'm a trader, and I move in and out of positions, I don't hold for the long run as you never know when this will happen. Once I hit my targets, I'm out. Does this answer your question?
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ahhh so you set a specific point where you'd pull out regardless? Did you base this off time or a monetary value?
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I generally base my exits off supply/demand levels I see on the chart. My first target is based of R:R (Risk:Reward) and a supply/demand level. Once I have hit my first target then my trade is covered, and I am free to let the remainder of my position run a little longer to another supply/demand level. Great questions, thank you.
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Ooh. Good choice!
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There's always a bit of luck involved when you get a strong runner. Thank you.
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