From TradingView · · 1m 20s
A leveraged ETC long, and the rules behind it
A signals provider posts an ETC perpetual long and spells out the risk rules that matter more than the trade.
In brief
A signals provider posts an ETC perpetual long and spells out the risk rules that matter more than the trade. Colour-coded entry, stop and target are the easy part. Position size and accepted losses are what keep you in the game. Originally reported by TradingView.
A long on ETC perps
The call is a long on ETC/USDT perpetual futures on MEXC, posted by Roddy01SIGNALSPROVIDER on TradingView.
“ETC / Tether PERPETUAL FUTURES”
Read the chart by colour
Yellow marks the entry, red the stop loss, green the take profit. No numbers needed, the lines carry the whole plan.
“Entry point: yellow Stop loss: red Take profit: green”
Leverage by asset class
Crypto gets 5x to 20x. Commodities, stocks, indices and forex go 20x to 100x, which says a lot about expected volatility.
“Leverage x 5-10-20 for crypto”
Cap the damage at 5%
Margin stays at 1 to 5 percent, and no more than 5 percent goes into any one trade or all trades combined.
“Invest only what you can afford to lose, as no one is in control of the market.”
How the setups are found
Breakouts off ascending and descending trend lines plus horizontal levels, patterns like head and shoulders or triangles, confirmed by at least two indicators.
“We associate at least two indicators with this technique.”
Losses are part of it
The provider admits to taking stops like everyone else, and says you can exit early or late if you are happy with the result.
“No one can promise to win every trade.”
What to remember
Colour-coded entry, stop and target are the easy part. Position size and accepted losses are what keep you in the game.
