Managing The Trade

Join Us at https://blockcircle.com/pricing/! Check out our customer reviews at: https://www.trustpilot.com/review/blo...! We are completely transparent about our trades and we share our entire portfolio, an open book on what we have on our watchlist and what we are currently deploying to yield farming, interest-bearing accounts, medium to large cap holdings, micro to small cap holdings, NFT holdings, staking, liquidity providing, and much more! Our market niche is finding undervalued gems and mispriced digital assets, we do this using proprietary investment analytical tools and methods, come aboard the journey with us! 0:00 Introduction and importance of managing trades and having a plan 2:37 Overview of stop loss and profit taking strategies 3:17 Common mistakes traders make in trade management 4:39 Four types of stop losses: EMA based, candlestick based, percent based fixed, and market structure based 6:11 Splitting positions and compounding along the way 7:01 Trailing stop loss to capture the "meat" of the move 8:36 Avoiding hindsight bias and focusing on the process 11:40 Detailed explanation of the EMA based stop loss 17:32 Candlestick based stop loss and incrementally moving up risk 21:52 Percent based fixed stop loss (least preferred method) 24:16 Market structure based trailing stop loss (most preferred method) 29:32 Importance of selling the dip when the trend breaks, despite emotional challenges 35:06 Three-step take profit strategy: initial surge, secondary surge, and trailing stop 38:01 Defining "candles in your favor" for take profit levels 41:59 Example of using the take profit strategy on a strong uptrend (Doge with hat) 45:58 Example of using the take profit strategy on a weaker trend (Pepe) 52:43 Adapting the take profit strategy to individual risk tolerance 54:17 Additional examples and importance of understanding the concepts 57:45 Combining multiple stop loss methods for a comprehensive approach 59:23 Review of the Pepe trade example with various stop loss methods 1:01:52 Importance of trade management skills and adapting strategies to personal preferences 1:03:13 Balancing greed and risk management in trading 1:04:23 Preview of upcoming videos on fractal trading and position sizing/risk management