If you set up the whole thing as a trade, I recommend that you not only define an entry range and a stop loss, but also an exit range where you secure at least part of the profits.
Just as you derive the SL from the chart, you should also find a system for exits. Otherwise, there is always a risk that you will miss the exit and the profits will evaporate.
Just as you derive the SL from the chart, you should also find a system for exits. Otherwise, there is always a risk that you will miss the exit and the profits will evaporate.
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@TomTurboInvest Yes, you're right. I should see it strictly as a trade.
Then the partial sell would probably be at the 52 week high or at RSI 100. Even if that's just a pizza profit, I think it helps to find an appropriate setting.
Then the partial sell would probably be at the 52 week high or at RSI 100. Even if that's just a pizza profit, I think it helps to find an appropriate setting.
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•@Bikepacking It is important that you find a setup that works for you - and then use it again and again. Only then will you see if it works. If not, you can adjust it. If you set up every trade differently, you will never really know what works or doesn't work and why.
For me, the first TP at $RMD would be $285, if the price goes through there, then the next one at $293 - I derive this from the VWAP, for example.
For me, the first TP at $RMD would be $285, if the price goes through there, then the next one at $293 - I derive this from the VWAP, for example.
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