BCPTBTC | 15M | Fib Retracement Training | 2% profit 40 mins
Fib retracement tool worked nice today on BCPT.
Observation:
I did however, enter in position too early. I "assumed" the price would bounce off the blue MA, well it kept dropping. The price bounced between .618-.65. If you had set a buy order for those levels, it would of been filled.
Either way, I entered at 2025 sats and once the bounce happened, I used the price range tool to mark where 2% profit from my entry would be then i set a sell order. I was in this trade 40mins.
Lessons Learned
-I traded on the 5 min. I had plenty of time on the computer to stare at the charts.
-Plan my entry better. Assumed the bounce rather than the charts telling me the price bounced.
-I had an exit plan, but should of left some for another rise to another level. I missed out an an additional 3% profit
-Be happy with your profit. there's always another opportunity to enter and another opportunity to trade better.
Thanks
Observation:
I did however, enter in position too early. I "assumed" the price would bounce off the blue MA, well it kept dropping. The price bounced between .618-.65. If you had set a buy order for those levels, it would of been filled.
Either way, I entered at 2025 sats and once the bounce happened, I used the price range tool to mark where 2% profit from my entry would be then i set a sell order. I was in this trade 40mins.
Lessons Learned
-I traded on the 5 min. I had plenty of time on the computer to stare at the charts.
-Plan my entry better. Assumed the bounce rather than the charts telling me the price bounced.
-I had an exit plan, but should of left some for another rise to another level. I missed out an an additional 3% profit
-Be happy with your profit. there's always another opportunity to enter and another opportunity to trade better.
Thanks
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