We continue to publish a weekly column on public investing in Kucoin token
Why we chose this particular token you can read in our previous ideas for this section using the KCSUSDT ticker search
A week ago we have three orders opened, and now we have a long-term position with notional $900 with an average entry price of $17.66. At that time, the position was still loss-making, and we did not place a stop due to high volatility in the market.
Today the position shows +5%, and we can already put a logical stop on the position.
KCS cryptocurrency – transaction parameters
As can be seen on the chart, we have a trade with the following conditions:
Entry = $17.66.
Stop = $14.24
Take Profit 1 = $36
Profit/loss ratio = 5/1
On the one hand, you can say that the stop is large, perhaps, but the ratio of potential profit to loss is acceptable for a long-term investment, and we do not want to lose a position at a nice price.
In the same way we will manage the position in the course of price growth: rearrange the stop, fix profit on the part of the position, etc.
