โ† Stop Staring & Start Learning

Take Profit and Stop Loss, Properly

Part 18 ยท Oct 20, 2026

A short, worked (historically)

The course author's example is an Ethereum short from a past cycle: entry around 3,700 to 3,800 dollars, take-profit at 3,150, stop above entry around 4,100. The numbers are history. The geometry is the lesson:

  • For a short, the take-profit is below entry and the stop is above it.
  • For a long, the reverse.

The ticket enforces this: it refuses a take-profit on the wrong side of entry and tells you so.

The confluence behind the example

The author stacked several reads before shorting: a long-term trend line from a past crash acting as resistance, RSI below 50 on the daily, a bearish Wolf Cross on the one-hour, four-hour RSI under 45, and the weekly 13 and 21 EMAs rolling over. On this platform: the trend line is yours to draw on the lesson chart, RSI and the Wolf Cross markers are one click, and the one-hour and four-hour live on the Technical Analysis chart.

Setting them on WenMoonLambo

Take-profit and stop-loss are fields in the order ticket, set when you place the order, as a percentage or a price. Once the position is open there is no edit control for them, so the course habit of "open the trade, then click TP/SL" becomes "decide TP and SL before the click". If a level must change later, close the position (or part of it) and re-enter with new values; the journal will record both legs honestly.

Scam-wick protection, again

Short: a small short limit slightly below the liquidation price. Long: a small long limit slightly above it. With the same caveat as the previous lesson: the stop decides whether there is anything worth protecting.

In the lab

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