Second trade of the day - KNC/BTC. KNC had a decent rally today and pulled back momentarily so I decided to enter with a small position to hopefully ride the wave up. It shot straight up after I bought it, so I immediately moved my stop-loss to a roughly break-event point, just in case. I had to shut down my computer for a couple of hours after that and this is what I found when I came back.
Blue line shows the level where I entered the trade and red line is where I left my stop before shutting down the laptop. This is a good example which demonstrates that stops should always be placed immediately after entering the trade. I was hoping to start taking profits above the green line but unfortunately those levels have not been reached.
Even though this is probably my third or even forth trade where stops have been activated and the profits/losses for each trade are absolutely negligible I am enjoying keeping track and documenting my experience. Let's see if we can hit some home runs in the next couple of days.
