How do you determine your ideal risk-reward ratio when opening a new position?
1- Set clear objectives ๐ฏ
2- Use technical analysis ๐
3- Look for a good risk-reward ratio ๐ฐ
4- Put stop-loss, essential ๐
5- Be careful with leverage ๐ค
6- Diversify your investments ๐งบ
7- Adjust according to volatility ๐
8- Review your strategy often ๐
9- Stay informed ๐ฐ
10- Discipline and patience, key ๐งโโ๏ธ
I'll tell you how I would apply those tips in TON/USDT, okay? ๐
1- Clear objectives: With TON, I aim to earn a minimum 5% per operation. And if things go wrong, I short no more than a 1.3% loss. ๐
2- Technical analysis: I look at the chart and see that TON has a strong floor at $7.28 and a ceiling at $7.37. I use that to decide when I come and go. ๐
3- Risk-reward: I seek to earn twice what I risk. If I bet $0.10 per TON, I want to get $0.20 minimum. ๐ฐ
4- Stop-loss: I put it just below the support. That way if it falls, I don't lose much. ๐ (we adjust the strategy anything)
5- Leverage: I use 20x, to take advantage of the movements without going overboard. ๐๏ธ
6- Diversification: I'm not going all in on TON. I also operate with $ETH and $BTC , you see, so as not to put all my eggs in the same basket. ๐ฅ๐งบ
7- Volatility: If I see that TON is very crazy, I adjust the stops. You have to adapt. ๐๐
8- Evaluation: Every day I look at how it went and if I have to change something. TON sometimes surprises. ๐ค
(in fact today I started with an interesting selling pressure while it could)
9- News: I am attentive to what happens with TON. For example, the fact that it is integrated with Telegram can make it rise. ๐ฑ
10- Discipline: I follow the plan and do not get carried away by impulses. Sometimes you just have to wait. ๐งโโ๏ธ
How about? That's pretty much how I handle it. Obviously each one has their own style, but I would love to read them and have them help me in my learning!