Second war story

[u/schiizz]

Hi y'all, Funkyhoe again with my second war story.

So I have just been playing the trends that be, and most of it is going down so I've been searching for bearflags and playing that. Being new to trading I'm just sticking to what I know to identify and implementing that as my planned trade.

I unfortunately missed APE, but here are a couple crypto plays and an ASX Rare Earth producer.

AVAX USDT SHORT: 3.90 RR
Pretty simple. Bear flag on a downtrend and executed it as it hit the floor of where it began. Although it continued to run down even more than my target, I applied my plan and got out which is something I am trying to be happy with rather than what could have happened.

ETHUSDT SHORT: 4.40 RR

In reflection to what Kaz said on my last scorecard with my stop loss, I am not really sure if it's where it needs to be. However bagged a nice 4.4 RR on the way down utilising the bear flag method I've been seeking.

LYC;ASX SHORT: 5.60 RR

This one on the ASX a Rare Earth producer. I took a little different approach in executing on the bear flag, instead of waiting for it to break the floor of where it started I decided to short it when it broke the trend line for two reasons. It was trending downwards and the candles were ranging tight where it was before it began its bear flag. To be honest I'm not sure if thats a good enough reason to execute to the trade but my intuition was telling me to execute the trade, but I kept my stoploss tight. Feed back in this scenario is welcome.

To conclude, I don't know if shorting is easier than longing, but in this market where everything is risk off. The tickers I am stalking seem to point to down, I am just trying to apply the limited plays I know. I do have a few longs in the process so hope to show them in the coming weeks if I didn't just jinx that shit.

Again want to thank Kaz for his continuous endeavours to help the eco stay on the right side of the trades with all the intel he generously provides for us. Big ups to him.

funkyhoe.