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I'm sorry if this is a very basic question but I have a little confusion about setting up limit orders. Is what we should do, to take 40% of our capital at target 1 and then continue the trade with the remaining 60%, then at target 2 take 46% of that and continue with the remaining and so on and so on?
If I get it right, this is less profitable (comparing with taking 100% at target 4) but more secure right? And finally, the profits we take, do we keep them or do we reentry in between targets, if yes does that mean that you expect a down break in between every target which will create a chance to rebuy?
You're analyses help me a lot, specifically to get a clearer understanding of trading as I'm relatively new at this^^ Thank you very much, godspeed!
matchgrip
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limit sell orders*
matchgrip
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@matchgrip, oh okay, I misunderstood the percentages, never mind my question ^^ You didn't specify on how much to take for profits.
ArShevelev
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@matchgrip, Its more secure, plus you can take profit from selling partialy, and leave your basis in trade
nomad3205
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@matchgrip, target 1$ in this month is very easy with TRX