Your Stop Loss Is Way More Important Than Your Take Profit

Determining where you’re wrong is much more important than knowing your price target. That’s something the best technicians understand and implement in their trading journeys.

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On this week’s Ninja Trader we touch on Ethereum and why I’m bullish right now, but more importantly at what price I’ll determine that my analysis was wrong.

Then we’ll go over a tweet and our main topic. Why knowing where to place your stops is more important than knowing where to have your price target.

I’ll show you how that affects my Ethereum position, and what I’ll be implementing myself during the next coming weeks.

After that we’ll discuss another tweet related to the first one, about how having price targets and predicting where price might go isn’t even half of the job. Then I’ll tie everything in with the Ethereum charts…

I’ll share my final thoughts with you guys, how my technical analysis is mine and only mine. Confidence come from your technical analysis not from someone else’s. I’ll make important announcements about the upcoming shows and other news!

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Develop Your Edge is a weekly YouTube show hosted by 22-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony and his guests discuss what they are doing to Develop Their Edge in trading futures! Past performance is no guarantee of future results.

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