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Exit and Entry Point, RRR Management in Trading

The document discusses entry and exit points for trades, as well as risk/reward management (RRR). It notes that entry points should follow at least 3 criteria like trend lines or indicators, and have a predefined trading plan. When in a trade, it's important to set stop losses and take profits when targets are hit. Risk ratios, position sizing, and cutting losses early are also discussed. The document provides tips for different experience levels, such as beginners only trading 3 coins while advanced can trade more.

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Connor Cranston
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253 views2 pages

Exit and Entry Point, RRR Management in Trading

The document discusses entry and exit points for trades, as well as risk/reward management (RRR). It notes that entry points should follow at least 3 criteria like trend lines or indicators, and have a predefined trading plan. When in a trade, it's important to set stop losses and take profits when targets are hit. Risk ratios, position sizing, and cutting losses early are also discussed. The document provides tips for different experience levels, such as beginners only trading 3 coins while advanced can trade more.

Uploaded by

Connor Cranston
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Exit and Entry Point, RRR Management

● Entry Point
○ When or where to get into the market (cryptos, stocks, forex, investment)
○ 3 criterias minimum (the more the better)
■ Trend lines, S/R, Vol, MACD, RSI, Ichimoku, Fib, etc
■ Sticking or creating a trading plan that works for you. If it doesn’t, create
another plan or if you are beginner...I would recommend you to
LITERALLY copy/steal their trading plan
● What to do when you are in the trade
○ This is the most important concept
○ Stop losses / mental stop loss (you figuring where you want to stop if you didnt
put a stop loss on the exchange...great for margin trading, scalping, and day
trading)
○ Percentage Risk Ratio (not for investing)
■ Disclaimer: Your risk ratio is based on your discipline and risk factors,
different for everyone
■ 3:1 Ratio is usually the norm
■ Risk = calculated chance (math, research, probability and possibility, etc)
■ Gambling = no research, blind hope/faith, often out of impulse or fomo
■ Beginners usually is conservative = max 5% loss and 10-20% profit
■ Immediate usually little risker = max 10% and 15-30%
■ Advance usually prefers calculated risk = max 20%+ and 30%+
○ If you are down
■ Cut your losses as soon as possible (if you put in $1k and stop loss is 3%,
the you would lose $30 and have $970 to use in another trade)
○ If you are up
■ Learn to take profit
■ Stick to your trading plan and not get greedy
■ If you don't take profit, you will give it all back to the market and then
some
○ Exit Point (pretty much same as entry)
■ 3 criterias (the more the better)
● Trend lines, S/R, Vol, MACD, RSI, Ichimoku, Fib, etc
■ Stick to your plan
■ Taking profits at that % level
○ Other trading tips
■ Position Sizing = RRR, not going 100% in if you are not confident. Using
your risk factor (Beginner, Inter, Advance)
■ Depending on your trading level
● Beginners = max 3 coins they are actively trading
● Intermediate = 5-7
● Advanced= 7+
■ Once you become more confident and want to trade more = use bigger
and more monitors (2 or more monitors)
■ Upgrade your Tradingview plan to either Pro+ or the Top Tier
■ What to do if you are down more than 50% in your cryptos trade
● I would just hold it for longterm and make it an investment
●

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