I will concede that perhaps I am a bit resentful of profits made by others during this kind of seemingly low volatility
And you castigated me for setting my interval at 'such a low value' (i.e., less than the interval you chose). Well, you reap what you sow.
I will concede that trading $250 increments in the $6k to $10k price arena makes more sense than it would in the $14k to $17k price range, so even I brought down my trading increments based upon where the price is currently... Adaptation to new conditions, right? Neither of us is stagnant, or at least I hope not. We have to adjust with the changing conditions of the market, even though we might be tweaking here and there rather than making large changes... We are on a similar page in regards to ongoing tweaking strategies and attempting to learn from mistakes, no?
Adjusting to the reality on the ground can make sense.
Note that 'castigated' seems an accurate depiction of your past pronouncements on my strategy. (this viewed in ponderation of other peoples' presently pointing out your posting proclivities may provide probability to give your person pause)
No. It is not going to give me "personal pause." I was asking you about your strategy, and I suggested that your $250 price increments were too small when BTC prices were moving around so much and they were about in the $14k arena. $250 increments is not bad at this price range and with our current lack of price movement.
We're currently in a $125 range for me.
Yes, you like to play your increments more tightly than me. We established that.
After we go up for a fair bit, we'll be in what is currently my $250 interval range. Which presently continues well past previous ATH.
Yes.. my increments are greater, and it seems that if prices get close to $20k, then my increments become over $1k.. so yeah, as the price goes up, I am hoping to trade less and less... which causes more of a retirement from smaller swing trades, perhaps? Will see how it works out.
I consider any above previous ATH to be subject to interval change. These standing sell orders above previous ATH are all built from coin-side profits built on earlier transactions. When a trade unit sized profit is made, it gets entered as a sell on the top of the ladder.
If I were a more diligent sort, I'd build my interval upon a sliding percentage scale. But such would be more labor intensive to manage.
There is also a fair bit to be said for sticking with the parameters once chosen, as that makes the trading automatic. C'est la guerre.
Fair enough... but I also give a certain extra slippage to certain price points, that will cause my increments to become greater in areas of anticipated low resistance, but I learned my lesson when I did not sell enough when the price jumped from $280 to $505 to continue to sell on the way up therefore, if I anticipate possible extra slippage, then I just make my increments greater in order to account for that and to take advantage of that likelihood.....
