Post
Topic
Board Marketplace (Altcoins)
Re: Trading and profit, how you set your goals?
by
Nicoletan0831
on 29/01/2018, 11:12:20 UTC
Hello everyone,
What profit in % you are after when you are opening positions?
I'm talking about not only day trading but in a bit longer terms like a week or so.
How many positions you open for one coin?
Looking for guidelines and good strategies.
I tried trading with 50$ in Nov-Dec, made them 180 and then decided to enter right before the dip, now I'm mostly holding to recover, thanks to the BTC im on + and some coins are already on + like CND + 70.69% and XRP +20.46% but others are on - 20,30,40%
Wondering now shall I sell the ones on + and reinvest or wait for more gain? Just to note all my investments in altcoins are around 600$.



Here's my trading plan (Very simple but very effective)

Entry:              During Bull run or Uptrend
Exit:                10% gain
Cut loss:          15% loss
Portfolio:          Maximum of 2 coins

Selling signal used: Fib Retracement, Moving Average, Volume