Ryecatcher

DOT going as planned

KRAKEN:DOTUSD   DOT / USD
If you saw my previous DOT analysis u would see that I called the breakout and a retest of ATH

(Please check previous post)

Dot has gone as planned and has made a new all time high

IM LETTING THIS RUN A LITTLE FURTHER BUT ALSO TOOK SOME PARTIAL PROFITS OFF THE TABLE

I hope you all followed my previous call and are now taking some profits off the table

Comments

This is exactly my point, hence I always urge my followers to take profit off the table, in my opinion this is key for longevity in this market. Weather it be a trailing SL or moving average TP, it's key to not letting trades run when in the green.
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One of the main reasons that retail traders fail to make money when they do finally find themselves involved in a profitable trade is because they cut their profits and in many cases let their losses run and this is partly because they don't understand market cycles either at all, or well enough to know how much potential profits is actually on the table. ✌🏻
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