Disclaimer:If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
for my Comprehensive Trading Strategy | for my Comprehensive Trading Process | to learn about the 2 BTC’ to 20 BTC’ Trading Challenge
When there is a nice pump in the crypto markets I like to look for laggards. The best one that I am seeing right now is Cash . Many will be thinking that it simply will not bounce because it is such a piece of shit fundamentally, however that is not my perception. I do think it is a complete piece of shit, but I also think it will bounce with the market. It is one of the most emotional coins out there – meaning the holders are doing so out of emotion and the stayers away are doing so because of emotion.
Where there is emotion there is an opportunity to profit . Cash is a prime example of this. I really like the idea of taking profit on the positions that are moving in my favor and reallocating that into coins that appear to be lagging behind. That was essentially what I was able to do with LTC and then ETH. Hopefully the third time is also a charm!
This brings up an important topic for me. I believe in so much that I am comfortable disregarding the ticker. Who cares what the ticker is if the chart looks af? I certainly don’t. There is limitations once the market becomes too illiquid but I do not feel like that is the case with BCH. Hopefully I will change my mind sometime later this year due to a mass exodus.
The overall bankroll is still not looking pretty but the unrealized profit currently sits at +0.333 . I am very hopeful that this run can bring me back above 1 for my trading challenge. If that happens then I will be in a very good position to get back into the green by shorting the bounce once it becomes exhausted. All we need is a little momentum and completing this challenge is still very well within reason!
Open Positions
Short XRPUSD
Exposure: 6,300 XRP / 0.522
Price: $0.307
Stop: $0.2959
Risk: 3.61%
Partial Take Profit Order: $0.35
Unrealized Profit: +0.02911
Long
Exposure: 12 LTC / 0.113
Price: 0.00946
Stop: 0.0111
Realized PnL: +0.0607
Unrealized PnL: +0.0177
*Entered stop order to add 23 LTC at 0.01291 with 0.01164 stop loss
Long XBTM19
Exposure: $4,232 / 1.07
Enter: $3,586
Stop: $3,586
Realized PnL: +0.0085
Unrealized PnL: +0.1009
Long #1
Exposure: 11.64 ETH / 0.43
Enter: $122
Stop: $128
Realized PnL: +0.0374
Unrealized PnL: +0.071
Long #2
Exposure: 12 ETH / 0.444
Enter: $116.63
Stop: $128
Unrealized PnL: +0.0888
Long
Exposure: 3.5 BCH / 0.1302
Enter: $125.55
Stop: $125.55
Unrealized PnL: +0.018
Total Unrealized PnL: +0.333
Published at Tue, 19 Feb 2019 05:29:21 +0000
