From Entry to Exit: A Disciplined Plan for COIN
this is what I'd do with your $Coinbase Global, Inc.(COIN)$ $GraniteShares 2x Long COIN Daily ETF(CONL)$ entry to my exit. since I don't know how you size your trade to your stop, I can only assume your avg price price on 12th may entry.
1. 12th May entry (T day)
2. 13th May (T+1)
3. 14th May (T+2)
4. 15th May (T+3), sell 33% size for partial profit, and adjust balance nett size to breakeven stop $19.
5. wait for first closed below 10-MA
You're in a luxury position on this COIN trade—meaning you're ahead, and that's a powerful spot to manage from.
Nobody knows what the market will do tomorrow, next week, or next month. But I strongly encourage you to try holding a portion of your position as long as the 10-day MA holds without a close below.
Stop watching your P&L. Just have a quick glance at the price chart after close. Let that guide your decision-making, not your emotion.
If you're uncomfortable riding your current size through a pullback, you can take some size off to lock in gains. that is never wrong. But keep some size on and commit to riding the full 10MA rule, even if it's just a small piece. This is where a lot of the growth happens, psychologically and in execution.
No matter how this plays out, you’ll learn something valuable. That’s guaranteed.
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