I have been Margin Trading on Poloniex. The non-trending (sideways) market makes it hard to find time to publish trades- as my goals are based on a very short time frame.
Swing Trade- a day to a week Hold
LONG - overall Uptrend - correction phase trend line broken- (downtrend line broken) - falling wedge- BULLish pattern - Elliot Wave Triangle Correction Complete ABCDE - BULLish Stoch - BULLish RSI - BULLish MACD and BULL cross -+DMI increasing
Entry - if missed the entry then wait for the consolidation and next movement as price action will IMPULSE- REACT- and then Continue - Look for consolidation in the magenta range as there is a good amount of support and resistance there.
Target - ATH
交易進行
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.00004391 even margin
評論
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BULL volume= decreasing volume on pullback, increasing volume on expansion
Volume not there yet - hopefully soon ;)
交易結束：達到停損點
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Late Publish- Cut all losing margins quick-
My personal Day trade limits -Max loss for me is 7.5%, so I exit margin at 3% loss with 2.5x.
Did I buy it right? Is the price lower than when I bought in?- If so, then I bought it wrong.
"-Max loss for me is 7.5%, so I exit margin at 3% loss with 2.5x. " - so how big (in percents) is your loss exactly???? 250% ????!??!
DigitalMoneyTraders
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@Efremov4D, For a trade gone wrong and stop loss hit, my goal max loss of 7.5% of my total portfolio. (not margin size)
Example:
Account Portfolio 100K
Margined at 2.5x
Margined Position is 250K
Max Loss 7.5% of 100K or $7500
Max Loss on margin then is $7500/$250000 = 3%
These are my personal boundaries I use:
1. For Day trading or Swing Trading = Max loss for my account balance on any one trade is 7.5% (Goal as low as possible). Low Risk, high reward setups are the goal.
2. For Long Term Draw Down Protection = Max loss of 21.5% is my goal set across 3 stop losses.
Example:
Stop Loss 1= 13% remove 1/3 position
Stop Loss 2= 20% remove 1/3 position
Stop Loss 3= 31% remove 1/3 position
Averaged out at 21.3%
hope this helps good luck!
DigitalMoneyTraders
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@DigitalMoneyTraders, One more thing- remember never set stop loss ONLY based off percentages. They should always be based of areas of support and resistance and the percents are a guideline/ goal.