Just completed the first profitable trade using my new strategy, with a 2% profit. I’ve made a couple of other trades but basically opened and closed at same price due to changing signals from the strategy. This recent trade was a short, borrowed ETH on AAVE and sold it on Binance. Price dropped overnight and my OCO order was filled to cover. The way ETH is going against BTC lately I think all my profitable trades will be shorts. I’m going for 2% take profit, 2% stop loss. Not since my earliest days in trading have I used stop losses consistently. Maybe that’s why I always lost money.
UPDATE
Just lost it again. My model said the price would recover, but it didn’t. In fact it dropped a further 2% and my stop on the new long got hit. Win some, lose some.