Hello @gi-de-on , I’m glad you participated in the 7th week Season 5 of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:

Observations:

Since the 1% Rule states that a trader cannot loose more than 1% of his/her account value

Cannot risk more than 1% of the trading capital.

This indicates that the stop loss will be 1040=400 I.e: 400/20=10. Therefore: $2 (rate at which the price dropped)10 =$20 from the recent price. This shows: $200-$20=$180. According to the 1% Rule, the trader have loss $400 of the value in his trading account, which represents 1%. Hence, the stop loss should be placed at $180**

This calculation is not correct. You can calculate stoploss position using the position size and also the distance between your entry and your stoploss position.

This is not accepted. You are required to place a trade using current market information.

Recommendation / Feedback:

• The student have completed the assignment for this lesson.
• The student also answered all the questions in his/her own words.
• Your overall presentation is good. But you need to improve your writing skills.
• There are confusions in your explanation. Please spend quality time to understand the lesson before you perform the homework task.

Thank you for participating in this homework task.