How much can you earn on trading to a novice investor. Part 96. Trading (continued)

We continue the series of publications about trading in order to understand in practice how much you can earnnovice investor using only forecastspublished on our website. To understand how useful they are, we decided to conduct an experiment and simulate a situation in which a person who knows about trading only what you need to “buy cheaper and sell more expensive”, tries to get additional income in his spare time by investing part of his money in cryptocurrency trading

Last Wednesday, January 22, we movedStop Loss level from 54.00 USDT to 56.00 USDT. The next day the price of LTC dropped and we were knocked out of our long position by a stop order. The sale amount of 3 LTC was approximately 168.00 USDT. The net income from the transaction, taking into account commissions, is approximately 35 USDT. 

At the end of last week the market declinedstopped at the support level of 61.8% fibo (51.38 USDT). Buyers again returned the price to the area of ​​54.00 USDT, but we were afraid to move beyond this level, counting on a continuation of the rollback. 

When did new ForkNews forecasts appear?resumption of the bull run, the price has already reached 56.50 USDT. This mark became a new entry point into a long position based on growth to the resistance area of ​​64.00 USDT. We set the new Stop Loss 4 level at 54.00 USDT. 

According to today's forecastsForkNews a rollback can reach the 78.6% fib level (59.31 USD), so today we move Stop Loss 4 to 59.00 USDT and mark it on the chart as Stop Loss 5. The entire order of movement of protective orders is depicted in the form of orange arrows. 

Thus, if we do not wait for the re-testTake Profit level (63.50 USDT), which is still approaching 64.00 USDT, then we expect to exit the position at a price of 59.00 USDT per coin. In this case, the minimum income from re-entry will be approximately seven dollars. And the maximum income will be when selling 3 LTC at 63.50 USDT. Here we expect to earn about 21 USDT. 

The results of our transaction we will summarize in the next publication on practical trading.