Hey, I'm here again! Yes, the crazy dude who writes stuff on the internet!
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No new positions were opened in our portfolio today. By chance I found a post about investment that I would like to put into practice a strategy.
In this post they explain how to plan a strategy and stick to it to generate results. I will try to simplify the information below. ??
In the first place, as always, you have to look for stocks, securities or cryptocurrencies according to the analysis of the fundamentals (type of business, competition, competitiveness, debt, market, macroeconomic circumstances, etc...). Once a stock is found that meets the requirements, the next step is to look for an entry price and an exit price before opening the trade. But where the key is is to stick to the strategy and define a win/loss ratio that is productive.??
If in our winning trades we get 3 and in our losing trades we lose 1, it would be a good ratio that allows us to end up positive even if we close seven negative trades (7) and only three positive trades (3x3=9). With the strategy defined, opening all our $10 trades with a stop loss of $0.50 and a take profit of $1.50, the only thing we would have to do is not give in to impulse and stick completely to the plan.
Find the right actions that you have enough information and knowledge about.
define a strategy with a profit/loss ratio that gives us a margin
test entry and exit prices on a trial and error basis. The strongest resistances and supports will be defined by the results after some time testing each other.
As for the stop loss and take profit prices I also have doubts because I think that $0.50 stop loss may be too small. As always I will be trying and making mistakes!
I'm telling you all this because it's going to take me a while to study some interesting entry points and that time I won't be very active on this Blog, although I'm sure I'll be posting on Cryptoworld by The Crazy Dude.
If you liked the post me to see more like this!
Do not forget to follow all my advice if you want to lose your wife because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"
