Bittrex new alt breakout! looking for feedback
Updated
looking to trade these new alts more effectively...
just a small entry. overall market isn't really in a good position to be playing new alts coin breakouts
coin was added to bittrex on 10/24
1400 coins at .0429 or $60.12
not really looking to make money here trying to build my ability to trade new coins (ipo style trades) so when market conditions are better and we get more coins added I have a better idea how to trade these things...
risk is very clear lvl (purple horizontal)
risk reward on new alt adds if you get good entry prices are usually no lower than 5 to 1, a lot of times closer to 10 to 1. so is i can be successful only 20-40% of the time i can make amazing profits with very set and defined risk
if I can be right 3 out of 10 5to1 1 can increase my acct very quickly and if I can get my accuracy these trades can be life changing
ex $100 acct 10% risk 5 to 1 r/r 1 90 2 80 3 120 4 110 5 100 6 90 7 140 8 125 9 110 10 160
ex $100 acct 10% risk 10 to 1 r/r 1 90 2 80 3 70 4 140 5 125 6 110 7 220 8 440 9 400 10 360
just a small entry. overall market isn't really in a good position to be playing new alts coin breakouts
coin was added to bittrex on 10/24
1400 coins at .0429 or $60.12
not really looking to make money here trying to build my ability to trade new coins (ipo style trades) so when market conditions are better and we get more coins added I have a better idea how to trade these things...
risk is very clear lvl (purple horizontal)
risk reward on new alt adds if you get good entry prices are usually no lower than 5 to 1, a lot of times closer to 10 to 1. so is i can be successful only 20-40% of the time i can make amazing profits with very set and defined risk
if I can be right 3 out of 10 5to1 1 can increase my acct very quickly and if I can get my accuracy these trades can be life changing
ex $100 acct 10% risk 5 to 1 r/r 1 90 2 80 3 120 4 110 5 100 6 90 7 140 8 125 9 110 10 160
ex $100 acct 10% risk 10 to 1 r/r 1 90 2 80 3 70 4 140 5 125 6 110 7 220 8 440 9 400 10 360
Trade active
still looking good
prob should have took profit over 5 cent but
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