#Guys I want to explain how this entry strategy works for new members who may not be familiar with it yet.
Lets use this example:
$CLO LONG
Entry: From current price down to 0.7300 (entry zone)
Target: Will be updated
SL: Daily candle close below 0.7100
Note: Donāt use high leverage and never go all in on a single call
Assume the current price is 0.7500.
If you usually allocate $100 per position, you can split it into 2ā3 entries.
For example:
You open the first position at the current price using $30ā$50.
If the price drops to 0.7300, you DCA with another $30ā$50.
This approach improves your average entry price.
And if the setup eventually hits stop loss, your loss will be smaller compared to going all in at the first entry.
A common question is:
āWhat if the price goes straight up?ā
Thats not a problem thats good news. Youāre already in profit.
Iāve been using this strategy for more than 4 years, and it has helped me achieve more consistent profits.
It also keeps you calmer, less rushed, and far less panicked.
If you have a bad trading day, focus on weekly results.
If the week is bad, focus on monthly results.
Focusing too much on short term losses will damage your mindset and keep you in a constant state of panic
I wish you all the best and successš¤