Thread by @CryptoNoan

He is a pointless, imbecile..bookish 'buy support, sell resistance' type, self proclaimed TA expert.

He is a potential whale food supplier, he would lead us directly to the whales'mouth.

95% of day the traders lose their capital to the MM.

Let me explain...
...cont...

https://twitter.com/AbhayAg46294650/status/1497860929324650496

1. We have a defined 'Initial SL', which is between 1 to 6%, sometimes even higher. We can calculate risk before entering a trade. You may take it or leave it, based on your risk appetite

2. Once in profit, we book partial profit and move the SL to the entry. (Dynamic SL)
Cont.

3. But we don't set a specific target, we go with the flow.

4. We enter a trade after a break out. We don't book profit until we see a reversal. Even on reversal we will book only a partial profit.

#LearnWithNoan

5. If the trade turns out to be a fake out, we may lose our capital. Which is about 1 to 6%, pre-defined
6 if we trade long channel break out, the chances of fake out is very low.
7 If the break out turns out to be the starting point of a momentum, you may even win 1000%+

Con..

8. Look at this #axs chart. Best example of HTF break out trade
9. Red box - channel,
Organe Circle - Break out Entry Green Circles - Targets on retracements/and final reversal.

10. The potential profit is multi X higher than potential loss.

11. He just took one trade and assumed I set targets at 3%, who am I to set targets? I let the MM decide where they want to take profit/cover short.

12. The reversal may happen at 1% or 1000%, idk.

13. During the uptrend, since you are already in profit, you will have higer risk appetite. You may even add more to your position and maximize your profit.

Thank you ❤️
#LearnWithNoan 🐐