Short DigitalBits (XDB) TO Around $0.0061

My ceiling and floor prices for DigitalBits (XDB) are $0.0070 and $0.0058, respectively.

Eight Chains printed a short signal.

Our entry is $0.00677325 and our take profit targets are $0.0061 and $0.0058.

I have a stop loss at $0.00704418.

This is not financial advice. I am not your financial advisor. This is my opinion.

Bình luận:

Due to the XDB price action and the signals generated by Eight Chains, this situation has turned into several trades rather than a single trade. The trades are as follows:

Trade 1, Short
Entry: $0.006732500
Close: $0.006678540
P/L: +0.81%

Trade 2, Short
Entry: $0.007331560
Close: $0.006796270
P/L: +7.87%

The price action appears to be overextended to the upside. I am looking for another short entry.

Bình luận:

Trade 3, Short
Entry: $0.007043590
Close: $0.006588510
P/L: +6.91%

Bình luận:

Although the price action played out a little bit different than I expected (e.g., 3 trades instead of a single trade, price did not reach $0.000610000 target), this situation worked out quite well.

Thoughts:
1. Adhere strictly to your trading system - one that you've developed over time, one that you know well and trust.
2. After you've entered the trade, just let the trade play out. Don't second guess yourself as "the die is cast" so to speak.
3. Near emotionless trading. Enter and exit trades via Eight Chains signals.