I came across a comment online that people really praised and decided to share. Here we are talking about a deal on coin #Tia
👉 To understand what we are talking about
Medium-term long
TVX (dot) - 4.745
Position gain zone (when is it better to enter) - 4.3-4.79
Amount of deposit in the deal - 3%
First - 4.88
Second - 5.22
Third - 6
I plan to average at 4.2 by about 0.5-1%No limit yet
If deeper, I'll see how the situation goes.
NO STOP LOSS
👉 ANSWER
You open a deal in a given range (the post says 4.3 - 4.79). While the price is in this range, the author believes that it makes sense to go long (long means you bet on the growth of the coin, short means on its decline).
Then the author indicated the part of the deposit that he bets - 3%. Figuratively speaking, if your deposit is 1000$ , you bet $30. This is called risk management.
Then there are three targets that the author believes the coin can break through. As a rule, when you reach the first target, you sell a third of the coins. When you reach the second target - another third. When you reach the third - all the rest. This is done to get the maximum possible profit if the price continues to go up. Or to minimize losses if the price suddenly reverses.
