- 1 -
You get a signal to buy block inc. at current price
You get the message in Telegram to buy SQ at current price of $43,37.
You buy the asset, the quantity is up to you, depending of your net worth, and you put the stop-loss 5% below the entry price, in this example stop-loss should be placed at $41,2.
- 2 -
you get a signal to move your stop-loss
After some time you get the message telling you to move your stop-loss.
In the example price has risen to $58,67, therefore you move your stop-loss 5% below the price which is at $55,73 level.
- 3 -
you get a signal to close position in profit
Now you get the message to close position at current price of $64,58. This way, the position generates a profit of approximately 48.9%, and you sell all the shares at that price.
The trade was opened on 2 November and closed on 1 December, so the position was held for about a month.
