I was analyzing my trade signals, and I realized that out of the 10 I sent this week, half worked well (they reached TP1 before SL), but only 2 made it to TP2. Here’s the complete breakdown:
the $INJ was the star - it not only reached TP1, but it kept flying to TP2 as if nothing happened. A 10% profit since the entry, not bad.
the $ETH from July 15 also fulfilled, passed TP1 and reached TP2 without issues. It seems that when ETH decides to move, it really moves.
the $HFT, $BNB and $XRP reached TP1 but ran out of gas for TP2. Like when you stop halfway to the gym - you did the basics but not the extra rep.
now for those that didn’t work... the #ETH from July 13 and the two $BTC I sent plummeted before reaching TP1. The market was a bit crazy those days.
the $DOGE and $XLM? Pfff... those were the ones that hurt to watch. They dropped quickly and didn’t give a chance for anything. But well, that’s how it is sometimes.
The interesting thing is to see that only 20% of the signals reached TP2. It makes me think if it’s worth putting TP2 so far or if I should adjust them to be a bit more realistic.
Another thing I noticed: when a signal works, it really works well (like $INJ), but when it fails, it fails badly. That’s why SL is my best friend these days.
What do you think? Have you had something similar with your trades? How do you manage your TP2? Do you go full ambitious or prefer safer but smaller profits?
Oh, and if you want me to check any particular pair for next time, let me know. Right now I have my eye on SOL and ADA, but I’m interested to know what you are seeing.
*I would insert some cool TradingView charts here but Binance Square won't let me... imagine them mentally* 📈👀
