@stewbits22 17 October 2022

Trade analysis on existing BCH trade The trade was started on the 8th of October at $118.1, price dropped nearly 10% and I added a 2nd position and then dropped nearly another 10% and I added a third postion. That is a massive drop of 10% for a 2% profit target on each of the first 2 positions. Splitting the trade into 3 parts protects against this volatility and my entry rules wont let me add another position unless there has been a significant drop. Could I have improved my entries better than my current trade entries? The 2nd postion was added at $111.8 which I think is pretty good compared to the $109.21 low of that move. The third position was more disappointing at $108.27 which was just $1 below the low of the last move down missing most of the second down move. I have 3 choices. 1. Keep everything the same 2. Don't take the third entry if it is too close to the last move down. 3. Scale in on the 3rd position based on my 2nd position. I like a combination of 2 and 3. I don't see any value putting on a third position so close to my second and if I duplicate my entry for the second position it would have been 111.8/118.1 * 111.8 = 94.6% or 94.6% of 111.8 = $105.7 instead of $108.27 So my average entry would now be $111.9 with profit target of $114.1 compared to average entry of $112.72 and profit target of $114.97 Its just food for thought more importantly it is probably better to avoid longs on BCH altogether when you get 20% down moves on a 2 hour chart. Compare that to just a 10% down move on Btc over the same period.