I was asked to comment on Bitcoin Cash so for what it's worth there is a Risk Reward 1:1 trade.
Now for me, this is NOT a trade I want to take, for several reasons:
a) I think BCH is finding its feet and I don't want to tie up my capital while it does
b) there isn't enough data to objectively assess its direction
c) I am not interested in Risk Reward 1: 1 trades - there just isn't enough meat on the bone
Now I may be wrong and it may explode but it can explode without me, thank you very much.
Be discerning look for quality trades not just throw darts at a dartboard. So this is a stand aside trade ie no trade.
Hope this helps,
Professional Cryptocurrency Trader and Trading Educator
Most traders can learn to trade but they can't control their emotions.
Anyway, I haven't made really any money since the end of June. I have not lost any either. I have decided I need to break from trading and dedicate *at least* a couple months to studying. I have spent waayy too much time checking prices and trying to read other people's charts I don't understand.
I have a course from the 1980's that is on W.D. Gann. Also some TA for Dummies and a course on Candlesticks. I am going to study them all extensively in the meantime as I await your courses.
Again, no rush! I am excited to see / buy your upcoming releases in the coming weeks or months, Sean.
Thus, I did not see a notification because you tagged yourself.
I only see your post, just now, because I wanted to say something additional tonight:
Today, I decided to re-enter my BCH position after I saw it touched support at $300. I set a stop loss around $285. The most I would lose is around $65. So, I see the RR as much more favorable considering the trading size I took. So far, BCH is going back up.