Luc. Awesome job. I just started following the videos but I’m nervous about it and have missed some trades because of it. After you have found a solid base when do you typically percentage drop wise on the crack do you set a buy point? Also is that percentage from when it cracks the base (base level) or when it starts the rapid drop (panic). Thanks again
You are viewing a single comment's thread from:
He's talked about this before, that it depends on the chart. Go back and look at the average drops and bounces to get an idea what you can expect, and place your bids accordingly. Layer your bids so that you have more money available for larger percentages. When I was first starting, and sometimes when I'm still unsure, I do very very small trades, like $2 sometimes, just to get a feeling for the chart. I find I pay more attention to the market's response when I've got real money riding on it, and keeping the amounts tiny allows me to be objective -- not much to lose if it fails, but provides proof of principle. Do it enough times with tiny trades and start to build your own track record, then you'll feel more confident to take bigger trades.