When should you take profits? One trick to secure your gains!
Remember two points:
1️⃣ The risk-reward ratio must be greater than 1:1.5
2️⃣ At least capture the complete fluctuation from the highest point to the lowest point of a Pinbar
What does it mean? Very simple: for every 1 dollar you invest, you can lose at most 1 dollar, but you should at least earn 1.5 dollars. This is the golden ratio of 1:1.5.
For example: If you see a strong bullish opportunity, entry price 2000, stop loss 1900, then your take profit should be at least above 2150.
If you strictly follow this rule, as long as your win rate is 40%, you can steadily make money in the long run! The strategy I teach you has a win rate as high as 90%, that's how powerful it is!
You may have heard of various classifications of Pinbars: engulfing pattern, inside bar, hanging man, gravestone doji, dragonfly doji, morning star, evening star...
Don't be intimidated by these complex names; this strategy is completely beginner-friendly, no need to memorize a bunch of formulas and classifications, the essence is simple, just seize the opportunity!
This pattern is not very common: Bitcoin appears 1-2 times a week is already considered a lot!
But this is exactly what helps you reduce trading frequency, less frequent operations, lower risk, and steady profits!
Remember: less is more, seizing the opportunity is a chance to get rich!
