Storx, thank for sharing the charts. Could you explain your trading strategy ? for example, when you buy SIGT, how much % more do you put the sell order ? or maybe you think another way ?
Because when I see the chart, I see it was a good day for someone who bought cheap => he went able to sell higher.
But as it is hard to guess growth and decrease before they happen, I would be glad to know how you work on it !
I am by far no pro at trading, i am just trading sigt mainly because it has such large swings in the coin and due to my btc account amount, i can afford the smaller trades it can support, if i was a larger trader i couldn't trade SIGT, because there is just not enough volume to support large btc orders...
The reasoning behind the above chart moves is i was predicting the coin to increase in value, because it hit a few more semi-major exchanges on the market and nicehash un-suspended the rental side of it from all the drama causing them to place it on suspension. So i figured with the 2 events, the coin should increase in value some, so i spaced out my sells to ride the wave up, starting with levels that the coin typically hit multiple times... then based on the percentage of gain i would take the difference and view it as free coins and price them either at 50% profit level or 100% depending on the situation...
So crude example...
Lets say i buy in at 100,000 sigt @ 0.00001
I know from past trades at a buyin at that level its not hard for me to get 50% increase in profit as long as im patient enough, so i split up the sells so i am still holding coins if i see a breakout action about to occur...
So i since im looking for 50% move, i would take half the coins 50,000 and put 25k of those on a sell @ 0.00002, then i would split the other 25k putting 12.5k @ 0.000019 and 12.5k @ 0.000021.... then i view the last 50k coins as free coins at that point, so typically i just set them at a much higher profit level like 0.00003 or 0.00004....
Then throughout the day i buy small positions like 5k or 10k coins at a time and do small 50 or 100pt movements if im seeing a lot of small movements in the coin using my mined coins
So if i see a lot of movement lets says between 1550 and 1650, ill sell like 10k coins at 1650, then place another order at 1550 for 10k to replenish those coins.
To date, i have probably moved like 600-700k of coins, i only have 1 single order that i have yet to turn into positive profit.. that order still sits waiting for a out position, sometimes i have orders that i cant sell right away, so i have to sit on them for a week or a few days before they sell.. but that one order is for 3500 coins i bought in @0.000035, all other coins trades i have eventually made a profit on.