The markets are manipulated all too often your right, but i have risk management in place. This trade is still a set and forget for me. My stop is at $11,000 and my target is $7500 and I will let this play out. 2:1 R:R.
I come from a day trading background I'm used to rapid in's and out's and I'm also used to 2-3-4 day long swing trades and that is what I expect this trade to be.
As i say, yeh manipulation is everywhere, but if i spent my life watching and waiting for a fundamental release on a stock wondering how it will move, instead of just trading the Technical's with good Risk management id never open a trade!
Its the same with crypto's i can sit by knowing the market could be manipulated against me at any time and wonder what way it will go, or I can do what I do best; read the charts, make the trade, put my risk management in place and let the market do its thing :)
Its actually $500 in profit right now. I have an order to close out 50% of my position at $9000 and the rest at $7500.
It is great that you have the experience, expertise and capital to do these trades and make it worth your time. The details that you have provided will help readers understand - what makes sense for @cryptobroye might not for most others.
Rule #7 in my 7 rules, will be explained and it will talk about the 10,000 hour rule as well as life-long learning.
All the best!
Experience is definitely key in shorter term trades. For the most part, doing all of things needed to make a successful day/short term swing trade can be tough especially when you have to battle with emotion too.
As always knowledge is the best weapon to use against fear. If you know how to manage your trade and your risk and you do as you have said, Set and forget, you will be fine. Day/swing trades should be analysed, entry and exits defined, set and left to play out. If you don't just leave it to play out, you just find yourself REANALYSING and you will convince yourself out of a good trade.
So yeh I would say - to anyone that follows my shorter term calls to either follow them EXACTLY with set orders for stop loss and target and leave it to play out, or simply don't trade them at all :) I want to help people to make money not the other way around!