For example, the trade in Ripple...ideally holds .47 and that's the tight stop. Can go to .43 but ideally not. Below that I have nothing but air. The target is $1 before a top to as low as 33 cents in wave 2. So, you position a little around here, keep the rest for just above the stop at .44-.45 and you take much of it off at $1.That's how I try to teach my subscribers to use Elliott Wave, not just for directional expectation, but how to structure trading around risk management.
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