1st lesson of the week 5-8 is definately stop loss. saved me alot today.
2nd lesson ... with those dark red market conditions look at the coins which outperform. XRP, XLM, QKC, XEM, EOS, just dont want to drop. they are my bulls for swinging and i will look for entries at pullbacks.
Topic: LastLaughingGuy - day trading diary - page 16. (Read 47726 times)
long 50k XEM 1733
so strong - broke the 1730 short term resistance
risk reward not amazing ...but will adjust stop loss to the upside asap ...
so strong - broke the 1730 short term resistance
risk reward not amazing ...but will adjust stop loss to the upside asap ...
Hey keanne ...dont know if you are reading this..but grats to your coin picks ...both are outperforming and XRP is killing it!!!
I'm having a fulltime job too and spend on average 2.5h in the car for that job on top. Just find your trading style according to your schedule. no need to follow crypto all the time. Btw the reason why iam posting at that time is i'm at home bcs both of my kids are sick
.
I'm btw happy of doing crypto just in my spare time. takes so much pressure of your shoulders to actually not to have earn money for living. you can take your time - focus on preserving your capital - and winnings will come sooner or later.
when you ask about my points of view regarding a coin, you would need to tell what time you are looking at. long time i cant give an opinion since i have no knowledge about fundeamentals.
Your question sounds like you are interested in long term. on the other hand you tell you are waiting for a break out. both coins managed that alrdy in my opinion.
The daily charts look good.
Xrp did alrdy have a good run and NEM just had 2 very nice days.
If XRP can break above 8500-8600 we can go to 9500 , above that 12000 can happen. For me the chart looks strong.
NEM: one of the few charts i like outthere.
if it can hold above 1700 its looking good. Above the last highs of 1950 i dont see any major resistance. also volume profile shows that till 2600 wasnt traded very much, so it can go quickly up.
short term NEM i would wait for consolidation. the daily candle may not developo nicely. it rejected pretty hard from 1950 and needs some time now. but it will be dfefinately on my watchlist for a break out trade
Good risk reward long term since for me below 1400 its dead.
Thank you for regularly posting your thoughts in crypto market I hope you can add your technical analysis on xrp and what's your thought of NEM? Currently holding both of coin and just waiting for break out. I hope I can do the same of what you are doing but I have my job to work with and no time to monitor crypto trading.
I'm having a fulltime job too and spend on average 2.5h in the car for that job on top. Just find your trading style according to your schedule. no need to follow crypto all the time. Btw the reason why iam posting at that time is i'm at home bcs both of my kids are sick
.I'm btw happy of doing crypto just in my spare time. takes so much pressure of your shoulders to actually not to have earn money for living. you can take your time - focus on preserving your capital - and winnings will come sooner or later.
when you ask about my points of view regarding a coin, you would need to tell what time you are looking at. long time i cant give an opinion since i have no knowledge about fundeamentals.
Your question sounds like you are interested in long term. on the other hand you tell you are waiting for a break out. both coins managed that alrdy in my opinion.
The daily charts look good.
Xrp did alrdy have a good run and NEM just had 2 very nice days.
If XRP can break above 8500-8600 we can go to 9500 , above that 12000 can happen. For me the chart looks strong.
NEM: one of the few charts i like outthere.
if it can hold above 1700 its looking good. Above the last highs of 1950 i dont see any major resistance. also volume profile shows that till 2600 wasnt traded very much, so it can go quickly up.
short term NEM i would wait for consolidation. the daily candle may not developo nicely. it rejected pretty hard from 1950 and needs some time now. but it will be dfefinately on my watchlist for a break out trade
Good risk reward long term since for me below 1400 its dead.
hi all
came home late - what a dump!!!
long positions got stopped out of course but I'm pretty happy about it ..
BAT got stopped out at 3742 for a loss of 4,3% or 0,02 btc
ZRX got stopped out at 9630 for a loss of 0,73% or - 0,004 btc ...at the moment trading 10% lower..
Trades like posted.
XRP at 100 wow wow wow!!
came home late - what a dump!!!
long positions got stopped out of course but I'm pretty happy about it ..
BAT got stopped out at 3742 for a loss of 4,3% or 0,02 btc
ZRX got stopped out at 9630 for a loss of 0,73% or - 0,004 btc ...at the moment trading 10% lower..
Trades like posted.
XRP at 100 wow wow wow!!
hi all,
didnt trade today and also tomorrow dont have much time.
iam still in ZRX and BAT
Stop ZRX adjusted to 9649 - almost break even.
Stop BAT still 3749
good night
didnt trade today and also tomorrow dont have much time.
iam still in ZRX and BAT
Stop ZRX adjusted to 9649 - almost break even.
Stop BAT still 3749
good night
XRP amazingly strong.
reached the resistance area in the mid 90's.
ofcourse would have been nice to take some more gains on my last trade. but I'm happy to have stated to not short ripple since its too strong and also sticked to it. i suppose alot of trader were having some significant short losses.
since we are at strong resistance here i have no intention at all to long and think we will consolidate at least for a while....several days.
reached the resistance area in the mid 90's.
ofcourse would have been nice to take some more gains on my last trade. but I'm happy to have stated to not short ripple since its too strong and also sticked to it. i suppose alot of trader were having some significant short losses.
since we are at strong resistance here i have no intention at all to long and think we will consolidate at least for a while....several days.
hi all
stopped out BCH at 0,024887 for a loss of 2.16% or -0,0165 btc
trades like posted:
still in ZRX
but got stopped into BAT last night: long 12000 BAT for 0,00003905
stopped out BCH at 0,024887 for a loss of 2.16% or -0,0165 btc
trades like posted:
still in ZRX
but got stopped into BAT last night: long 12000 BAT for 0,00003905
calling it a night.
ZRX stop loss raised to 0,00009599 -looking good
BCHSV Stop loss at 0,02949 - down want to give it more room to the downside. it is likely to get stopped out but if not maybe we see nice gains.
i also have a stop buy order for 12k BAT at 0,00003901 - reason why i like BAT are almost similiat to ZRX ...chrt detail tomorrow in case i got bought in.
good night
ZRX stop loss raised to 0,00009599 -looking good
BCHSV Stop loss at 0,02949 - down want to give it more room to the downside. it is likely to get stopped out but if not maybe we see nice gains.
i also have a stop buy order for 12k BAT at 0,00003901 - reason why i like BAT are almost similiat to ZRX ...chrt detail tomorrow in case i got bought in.
good night
long 30 BCHSV 0,025394
break out play
break out play
eventhough i just opened the zrx -trade, I decided to give an overview since the start, which was exactly 4 weeks ago.
all the trades are shown here:
After 3 weeks i was more or less break even but could finally make some good trades this last week which made me ending up with an overall profit of 0,365 btc.
It was obvious, as soon as the market moved (direction doesnt matter), the trading setups were working much better for me than in a sideways/low volume/ choppy market with random pump and dumps.
So actually i was happy ending up breaking even after 3 weeks.
I think that also shows one important thing: In times where the trades dont work very well - trade less, use smaller sizes - PRESERVE your capital. Then when the time comes, you have enough capital to actually risk some in trades where you know that your odds of winning are in your favour.
It is really bad when you spew away xx% of your account under bad market conditions which makes you not able to use the full potential of your account once the market changes. you end up sitting on scared money, not wanting to lose more which basically makes you winning just a fraction of what it could have been.
lets see how the next 4 weeks will turn out.
all the trades are shown here:
After 3 weeks i was more or less break even but could finally make some good trades this last week which made me ending up with an overall profit of 0,365 btc.
It was obvious, as soon as the market moved (direction doesnt matter), the trading setups were working much better for me than in a sideways/low volume/ choppy market with random pump and dumps.
So actually i was happy ending up breaking even after 3 weeks.
I think that also shows one important thing: In times where the trades dont work very well - trade less, use smaller sizes - PRESERVE your capital. Then when the time comes, you have enough capital to actually risk some in trades where you know that your odds of winning are in your favour.
It is really bad when you spew away xx% of your account under bad market conditions which makes you not able to use the full potential of your account once the market changes. you end up sitting on scared money, not wanting to lose more which basically makes you winning just a fraction of what it could have been.
lets see how the next 4 weeks will turn out.
Long 5000 ZRX 0,00009685
here my thoughts on the coin with pro's and cons ...i'm buying here since i found the strength the last days impressive
here my thoughts on the coin with pro's and cons ...i'm buying here since i found the strength the last days impressive
10500 XRP long 8669
pretty late entry - but super strong and breaking out
goal 90 to 95 will sell in that region ...
stop loss at the moment 85
pretty late entry - but super strong and breaking out
goal 90 to 95 will sell in that region ...
stop loss at the moment 85
sold half at 8779
reducing risk here on the upper trendline. move is pretty extended and there is a good chance that we drop here.
but on the other hand its ripple and we just took the previous high (4hour chart on the right)
in case we really start here to 90+ i keep the rest in. iam also expecting there are alot of shorts in ripple right now and want to get squeezed out
never the less. stop loss for the rest to 8679 - so worst case i will get stopped out break even with the rest
sold 2nd half for 8873.
selling abit too agressive here - so iam happy to take profits. 89xx would have been more optimal of course.
trades like posted:
profit: 1,66% or 0,0152 btc
10500 XRP long 8669
pretty late entry - but super strong and breaking out
goal 90 to 95 will sell in that region ...
stop loss at the moment 85
pretty late entry - but super strong and breaking out
goal 90 to 95 will sell in that region ...
stop loss at the moment 85
sold half at 8779
reducing risk here on the upper trendline. move is pretty extended and there is a good chance that we drop here.
but on the other hand its ripple and we just took the previous high (4hour chart on the right)
in case we really start here to 90+ i keep the rest in. iam also expecting there are alot of shorts in ripple right now and want to get squeezed out
never the less. stop loss for the rest to 8679 - so worst case i will get stopped out break even with the rest
Sold rest QKC betwen 803 and 810
completely out now (profit: 5,54% or 0,042 btc)
here are the trades like posted:
completely out now (profit: 5,54% or 0,042 btc)
here are the trades like posted:
sold 50k QKC 0,00000791
taking some profits here at minor resistance.
stop loss for rest at 774 - so also 2.5% in profit
taking some profits here at minor resistance.
stop loss for rest at 774 - so also 2.5% in profit
long 100k QKC 0,00000755
willing to risk some here at the support zone. the drop is pretty violent though
stop betwen 730-740 target 800-810
willing to risk some here at the support zone. the drop is pretty violent though
stop betwen 730-740 target 800-810
10500 XRP long 8669
pretty late entry - but super strong and breaking out
goal 90 to 95 will sell in that region ...
stop loss at the moment 85
pretty late entry - but super strong and breaking out
goal 90 to 95 will sell in that region ...
stop loss at the moment 85
calling it a night
would love to trade more and see if bchsv goes to a 0,020 but way too tired.
my btc short is BE at the moment. put the stop down to 5540 - no other position at the moment.
cu tomorrow
would love to trade more and see if bchsv goes to a 0,020 but way too tired.
my btc short is BE at the moment. put the stop down to 5540 - no other position at the moment.
cu tomorrow
BCH SV went up nicely Iam pretty sure i could have made alot on that move since i was waiting for it - but yeah ..as told..too tired and just had a nice 9h sleep now :=)
Good morning
just coverred my 2nd hald of the BTC short at break even.
The other half i was able to cover at 5406.5 at night ...it was the low
completely out now ((profit: 1,1% or 0,014 btc)
here are the orders like told:
https://imgur.com/a/evC79He
and chart...
just coverred my 2nd hald of the BTC short at break even.
The other half i was able to cover at 5406.5 at night ...it was the low
completely out now ((profit: 1,1% or 0,014 btc)
here are the orders like told:
https://imgur.com/a/evC79He
and chart...
calling it a night
would love to trade more and see if bchsv goes to a 0,022 but way too tired.
my btc short is BE at the moment. put the stop down to 5540 - no other position at the moment.
cu tomorrow
would love to trade more and see if bchsv goes to a 0,022 but way too tired.
my btc short is BE at the moment. put the stop down to 5540 - no other position at the moment.
cu tomorrow
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