Topic: LastLaughingGuy - day trading diary (Read 47726 times)

tried to go all out at 1000 but just couldnt sell. so ended up selling betwen 986 and 10000

SOLD 100k QKC at an average of 991 for a gain 4% or 0,04 btc

trades:

lol some people...have to thank you again 

Hi Stedsm,

I've watched all of your trades  => i got to thank for that makes me feel being controlled -pushing for trading better. exactly my egoistic reason why I'm doing that here


All my shorts are on bitmex. usually i wrote it aswell. maybe i forgot it sometimes. i always have a stop to protect myself and keep the shorts pretty close (if everything goes like planed)

a few times i also longed on bitmex mainly when i saw that ADA EOS BCH XRP is making a move on binance but bitmex didnt react so far.

but i only got like 10% of my trading money on bitmex.
a) i dont trust bitmex at all and dont feel safe
b) the risk of total loss due to market manipulation / high slippage/ typo (a zero too much in position size on cross marging can screw you)
c) i feel comfortable on binance

I also have to say that since i started on bitmex in sept i'm only break even on bitmex and make my profit on binance.

reason:
a) iam too impatient and usually get wicked out at tops before the major move happens instead of positioning my entries in the wick-areas
b) fees are also way higher when you market enter the trade)
c) iam a trader who loves to react on price action but on bitmex they freeze the system to rip ppl off

initial plan was to have some money on binance for shorting BTC in a big downmove like from 6k to 4k but i missed that trade completely. basically i wanted to short btc with leverage on bitmex to be still able to trade with my btc on binance


Since iam holding coins for maximum of few days i dont care at all about fundamentals. but on my way to work iam listeing to youtube videos everyday and also learn the latest developments about the latest coins. my trading is 100% technical though.
I love to scalp and not have to worry at all about fundamentals but maybe in the future if the markets come down to new lows i will buy some other coins for hodling more than a year (tax reason)

100k QKC long 950 - 6 btc from the sell wall left. speculating that volume comes back once sell wall got bought .stop max. 2%.

Sold 1203 WAVES at 7192 for a loss of 2,2% or 0,019 btc.

bad entry ..too weak now. will target the 6300 range for a re entry.

sold the rest of long at 10261. had a sell limit at 10490 missed by 19 sats.

so overall SOLD 15759 LINK at 10073 for a gain of 9,3% or 0,135 btc  

very happy about the trade ...equalized more than half of my january losses



link orders:

QKC with 16 btc sell order at 950 which cant be broken since hours.
plan to long if it breaky with very tight stop loss.. target 4-6 %

Sold 7k at 9990 and 3k at 9910  - 5.6k left which i plan to hold with a stop loss currently at 9499 - already a very nice trade

sigh ...targets reached

hi cryptologist,

thank you for the kind words but thats a clear overstatement .

yes i have a passion for trading. i just love watching charts and how patterns resolve, the price action *sigh ... but got a family and a job too and yeah it all needs to fit in one day.
i definately have alot of room to improve though. i'm still having retail trader mentality when it comes to entering trades .

but at one thing i guess iam unique...i didnt see someone posting like 10 losing trades in a row. usually everywhere else u see like 95% winning posts and hindsight entries.

i hope all that here shows you that losing is part of the game. managing those loses is the only thing u need to master to be successful. the top 1% of traders have an insane winrate aswell. iam clearly not one of them.

waves too much fomo entry. wanted to play the bounce from 7100-7200. entered 2% above plan. will wait and see what waves does now ...can move up too . target 7700-7900

hi all,


biggest order got filled at 9056 ...average long: 15759 at 0,00009204

targets 9990 and 10390

Posting from phone: longed 10k link at 9080

LINK possible long around 9000

strongest coin outthere. will watch it closely if it turns here.

xrp bounced nicely to 93

hi all

it looks like i managed to exit ZIL at the low. got stopped out at 528 lol.

so.... unfurtanetly GVT didnt recover.

SOLD 910 GVT at 10338 for a loss of 12,8% or 0,14 BTC!

i really screwed up there. those kind of trades must not happen. way to big loss for my trading style. just a very bad entry.

also got stopped out of ZIL at 528 for a loss of 3,2% or 0,017 btc.

ADA i sold all at 1215 for a gain of 2,6% ot 0,028 btc.



iam at -0,23 btc for the months now but 0,18 btc loss just coming from 2 out of 13 trades. thats why keeping losses small is so important. but i mean i already talked alot about the GVT trade

here my trades so far.


as it can be clearly seen- my current trading style is not working. basically retail breakout trading in a choppy market.
iam not worried though. it is important to recognize it. its time to cut down trade frequencies, trade less break outs more pullbacks, adjust size until positive trades coming in and trying to reset the mindset of trying to gain all back within few trades.

but yeah. the GVT trade was the biggest loss since starting here in October and also losing 0,23 btc is my biggest downswing so far of the last 10 weeks.

lets see how it goes - tomorrow work starts again so i wont have so much time. capital preservation is main goal now. unfortunately trading no matter what was the goal of the last days

you all have a nice week - bitfinex maintainance will be intersting tomorrow and ETH fork at the 16th of january will be exciting too. maybe i will try to play a short in ETH around 170 ...but more details latern then.

local support at around 90:

so far so good - pullback of 3% already. green szenario intact.

GVT reached my stop loss area but i dont want to sell into the dump which got induced by the btc pump.
volume was really low the last days. best case is that we go above 106 again and the down spike was a stop hunt before moving up. if we stabilize below 106 i will sell and book the loss..