Oi read.cash familam! I sincerely hope you're all going doing fine today; pretty sure the answer is a "yes", I on the other hand am feeling not too good from sleeping late last night (this morning). Was on call with my friend; a very good friend of mine- my beauty, my love, my daddy long-legs- yeah you read it right, I call her daddy long-legs after the spider of the same name as she's a tall lady, not so tall but slightly taller than I am which is quite embarrassing for me as I constantly feel short whenever we take a walk... I mean how can a lady be taller?.... hey....I'm not short but she's too tall.
"She's named after the Daddy long-legs spider"
She can be such a disturbance hence made me stay up all night until few minutes past 3 am hence woke up quite late and fatigued. Anyway; that's story for another day.
Trade night
Woke up to see that my CELO/ USDT future trade on Binance had been executed while I was asleep; I've got a really weird habit of not setting up a stop loss in special cases, I simply let it slide especially if I'm sure it wouldn't hit the liquidation point.
The trading signals are received on a paid telegram group hence I do not have to be awake all night monitoring charts and doing those long hours of technical analysis; someone else is paid to do the work hence I only confirm the legitimacy of the signals before going in while putting my risk management techniques at work. This technique also includes not setting up a stop loss where necessary; I'm not a professional on these things, I simply follow my heart and without emotions.
It turns out that so many peeps had their emotions at play last night hence had to close the trade when it went deep into the red zone due to fear of liquidation, after all it's all hard earned money. The red zone was inevitable but they didn't understand that it was going to spike once more. If I had been awake at that point I may have considered closing the trade as well; take note of "probably"... and not a certainty.
Was probably on call with my daddy long-legs at that moment or asleep. Turns out daddy long-legs's disturbance was a part of my saving grace...(don't ask for her pictures; I'm not sharing).
"Screenshot from telegram"
"I do not set SL as it's my risk management approach which I wouldn't advise; for me it's double or nothing"
Speaking of risk management; since we're given three different targets labelled as TP-1, 2, 3 as seen in above image; I get in at entry price without a stop loss and kaboom my TP to the last target without setting up a Stop Loss (SL) until I hit TP-1 after which I'd set a stop loss slightly above my entry point (not financial advise).
"Like a game of chess, it's all about risk management"
I was being sceptical hence decided to stick to the TP-1 while ignoring the rest after all profit is profit and contentment is key as I'm not after a $1000 profit on one trade hence I'd rather take it slowly to ensure maximum profit with little to zero risk. Being sceptical, I simply set up TP-1 and was content with the profit taken...while others were on the losing end as they chased the wind with TP-2 and 3 which was realistic but too much for me....
Another trade has been set up for the day; and I hope to be on the winning end once more....
Scorpion's inferno
While writing this; my cousin went out there and realised a scorpion had dropped into the water container- it was surprisingly bigger than the usual baby sized scorpion, then the weirdest thing happened...
My uncle asked for it to be removed; I thought he had plans of killing it until he did the weirdest thing ever; he simply cut off the scorpion's stinger and threw the scorpion into his mouth like it was a Tuesday morning snack.
He did this after which he entered his car and drove off to work....
I was literally shaking at a spot as I had never seem anything like it except in the scorpion king movie which I watched as a kid. I sincerely hope my uncle will be okay and the scorpion wouldn't bite him somewhere in his stomach...hahahaa...
At this point I'm ready for whatever today brings, I've already seen a scorpion being eaten raw; what could be possibly worse than that...
Toddles!
My other account was spammed for reasons beyond me... Please support me on this account as you did on the last... Bmac...