Topic: Gewures disclosed position (Read 5671 times)

BTCUSD   19.0   $5.1431   $3.38   3.461%   -$0.05

BTCUSD   11.0   $5.0193   $2.03   3.684%   -$0.01

lucky intuition

Nice, you actually managed to catch it above 4.9.

liquidized last position with a 8-something $ profit, now im short again:

BTCUSD   -7.0   $4.9377   $0.07   0.204%   $0.00

im 1:5 leveraged.


BTCUSD   15.0   $4.3129   $10.23   15.807%   -$0.15

if im lucky with this and the next trade, i got my lose covert.

Exactly. Until market gets way bigger, never ever go 10:1, cuz atm even single person can screw you up.

In the Bitcoin market, any 10:1 leverage is a dangerous position to be in.

You didn't do 10:1, did you? If yes, that is a dangerous position now.

closed last position with a good profit. new signals tell the end of the bear market is very near.

20.0    $4.4129    -$1.34    -1.520%    $0.00

BTCUSD   3.0   $3.5908   $2.83   26.287%   -$0.02

trading systems signal is either now changing to bullish or it tells me to go even more short. not sure yet.

Just have to comment on this for some reason. The way of thinking might be the most important decision in trading. I found three kinds of thinking effective. Let's call them the predator, the wise old man and the mastermind.

Trading like a sheep, just running along with what everybody does, gets you eaten for sure. It's just a matter of when. Trading like a machine, oblivious to psychology, protects you from being slaughtered with the herd. But being aware of the herd is much more powerful than being oblivious to it.

The predator notices when the herd panics and strikes at the right time. There are many ways to doing that; many claim manipulation is one of them, but if I should guess, it is best to act like a spider or praying mantis, waiting and observing for an opportunity. When you see it, you strike.

The wise old man described in one word would be the compromise. He uses laid-back, all-things-considered decisions that slowly profit from what he knows, and tries to avoid getting entangled in what is problematic. He has a gut feeling when everyone is overdoing something, and just doesn't go along as much, profiting from the others' mania almost accidentally. Every good trader should be a bit of a "wise old man", if only to be careful and not get destroyed by one single unforeseen event.

Now, everyone expects the mastermind, but I'll skip it. Instead, here's something I learned on it, namely that you should not want to do that to your head. Once, I believed that magical strong moves one pays for with his health only exist in shounen manga. Now, I believe I figured out why forex traders often suffer burnouts. Keep in mind what you are trading for, and take a step back if you're no longer reaching that goal. E.g. if you're trading for fun, check whether you're still having fun... and if you're trading for personal benefit, take the cost of time, sanity and health into account. Even taking over the entire market is of little use if you fry your brain in the process.

Sorry if I'm making no sense, and good luck with your trading.

That's actually a good sign .

to use a stop loss and take your profits while they are real, are probably the stuff i REALLY learned from losing 27 bitcoin through zhoutongisation. could have taken 3 times small profits, but i choosed to not use a stop loss (despite i propagate it all the time :/) and not take my profits.

having a nervous finger and not sticking to your strategy is probalby the number 1 reason for losses. lesson learned. im trading more like a robot now, then like a human.

Still on the way down, im affraid. Too soon for this long imo.

Good that you're using a stop. More downside could come in few hours, better not let these profits get away.

closed the earlier one with a small profit and opened up another long position for the very short term. stop loss 3.9999 goal: 4.4x

BTCUSD   10.0   $4.2639   -$0.27   -0.644%   -$0.00   

BTCUSD   12.0   $3.9436   $2.31   4.881%   -$0.00

caught a spike. i think i will sell it.

BTCUSD   -2.0   $6.6827   $4.52   33.798%   $0.01

+4.62$

no position.

Markets never tend to keep going straight down. It will bounce around a bit on its way down (assuming you agree it will keep trending down). So, you could liquidate now & take your profit then sit it out a bit & wait for the price to go up slightly, then sell some more?  

It will get lower soon i think, so keep it imo.