SHIB – name of the coin we want to trade
“Sell/Short” or “Buy/Long” – In what direction do we want to take the trade? If “sell/short”, we want to speculate on a price decrease, so we want to open a short position on futures. If “buy/long”, we want to speculate on a price increase, so we want to open a long position on futures or buy the coin on spot.
#160 – ID of the signal for clarification purposes. If I decide to close the trade early, then I may say something like, “I decided to close the signal ID160 because it got rejected by the resistance and we want to take profit early.”
1) Market – we want to buy at the current market price and fill our order immediately.
2) Limit (an advanced limit order is called “post-only”) – we don’t want to trade now and we want to wait for a better price.
3) Trigger (also called “conditional” or “stop-market”. You can also use “stop-limit”) – we don’t want to trade now and we want to wait for a worse price than the current price because we need more confirmation to increase the probability of success. It’s also called a breakout trade.
0.00000847 – We want to open our trade at this specific price. If order-type is “market” you can buy immediately, but always make sure if it’s still worth it to take if you are too late for it.
0.00002175 – We want to take a profit at this specific price. When the price hits this level, your order will be triggered, and the trade will be closed with a profit.
156% – is the percentage value of a possible profit. The profit level is 156% higher than the entry level.
0.00000765 – If the market turns against our bias, we want to cut our losses. If the price reaches our stop level, you will be automatically kicked out of the trade (with your stop loss order), because otherwise, if you stay in the trade, you can experience a significant loss on your account. Stop is a protection for you, so you will never lose more than you expect before you enter a trade.
9% – is the percentage value of a possible loss. The stop level is 9% lower than the entry level.
16 – On this trade, you may gain 16x more than you can lose. For example, if your bet on this trade is 1000 dollars, you end up with 2567 dollars if you win and 904 dollars if you lose the trade. So you either earn 1567 dollars or lose 96 dollars. You can earn 16 times more than you can lose.
3 – 30 days – When our trade is triggered (entry criteria have been met), I expect 3 – 30 days for the price to reach our profit target. In other words, this trade could last 3 – 30 days. Of course, it’s an expected value; we don’t know how long this trade is going to last.
I can add some additional information about signals for more clarification.
Waiting 🕑 – is prepared, and you can setup your orders.
Activated ⚡️ – is already activated, and you should not trade it. You can still trade it if you think it’s a good idea, or if the price is still acceptable to you, but I do not recommend it. Also, this is the initial status for signals with an order-type of “Market”.
Expired 🔷 – didn’t meet entry criteria and is closed; do not trade it. I may change the status of a signal if I decide to. For example, if the entry criteria have never been met, the trade is too old and we no longer want to take it.
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