.5btc to .55btc in 10 days


#63

Sorry for not having time to look through your entire thread but what kinda win loss ratio are you getting with your strategy and how much risk are you putting on the table I.e stake size to account size?
Do you use a stop loss or just manually monitor the trade?
Brilliant thread though… appreciate it :ok_hand:


#64

I have not :frowning: will look into it!


#65

no worries. I started with .5 BTC goal was to get .05BTC in 10 days aka 1% a day. Size depends on how confident I feel in the trade. I use stop limits and I also am checking the trades 24/7.

Best,

CryptoE


#66

Thanks,
am relatively new to day trading and find divergence of the 14,3 and 9,3 stochastic on a 30min or 1hr time frames give me an other lair of confirmation.
Best of luck :+1:


#67

what is your stop/loss limit percentage?


#68

I bought VEN at 55800, i set a stop loss at 4-500 sats below and monitor the trade very heavily.


#69

Just swing traded ICX for shits and giggles. Picked up an extra 7 ICX :money_mouth_face: #ballllllin


#70

man youre good at this trading. are you in the finance sector? ive literally not made a single trade for profit apart from buying ether under 100 and ltc under 50. and thats also because i bought it on coinbase, and had no clue what to do with it. and mining, of course.


#71

If you’re such a good trader, why are you HODLing? lol get outta here! Don’t be a hater!


#72

Good goals are those that are achievable, but still take effort.


#73

i said that hes making good trades…


#74

Ethan, can you explain how to “up” a stop limit order? Are you using binance? I don’t know how to do this but I know it would be useful and I’m not comfortable experimenting with money haha, I’d rather just take it from a guy who knows what he is doing!


#75

I am not haha but enjoy anything and everything blockchain… you can find out more about me on my website in my bio… just love this shit. keeps the heart beating everday haha


#76

when it rises, just cancel your old stop limit order and put the new one higher… so if it drops, you still make money :slight_smile: Ex) I buy BTC at 10,000. but a stop limit at 9,900. but btc goes up to 10200, so i put my stop limit at 10,100. repeat as it goes up.


#77

That’s a $300 day! Nice job man! And that doesn’t even account for how much it will be when bitcoin rises back up. Let’s not forget when it was 20k. When it goes back up, today’s “300 dollar day” will be a $600 day


#78

haha I wasn’t talking to you! Sorry for the confusion my man. :slight_smile: :doge:


#79

Bollinger Band
image
In this example of Bollinger Bands, the price of the stock is bracketed by an upper and lower band along with a 21-day simple moving average. Because standard deviation is a measure of volatility, when the markets become more volatile, the bands widen; during less volatile periods, the bands contract.

BREAKING DOWN 'Bollinger Band’
Bollinger Bands are a highly popular technical analysis technique. Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market. John Bollinger has a set of 22 rules to follow when using the bands as a trading system.

The Squeeze
The squeeze is the central concept of Bollinger Bands. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities. Conversely, the wider apart the bands move, the more likely the chance of a decrease in volatility and the greater the possibility of exiting a trade. However, these conditions are not trading signals. The bands give no indication when the change may take place or which direction price could move.

The squeeze may be the central concept of Bollinger Bands, but there is so much more to know and the system doesn’t work alone. Technical analysis incorporates this technical indicator and many others to create actionable trading plans and strategies.

Breakouts
Approximately 90% of price action occurs between the two bands. Any breakout above or below the bands is a major event. The breakout is not a trading signal. The mistake most people make is believing that that price hitting or exceeding one of the bands is a signal to buy or sell. Breakouts provide no clue as to the direction and extent of future price movement.

Not a Standalone System
Bollinger Bands are not a standalone trading system. They are simply one indicator designed to provide traders with information regarding price volatility. John Bollinger suggests using them with two or three other non-correlated indicators that provide more direct market signals. He believes it is crucial to use indicators based on different types of data. Some of his favored technical techniques are moving average divergence/convergence (MACD), on-balance volume and relative strength index (RSI).

The bottom line is that Bollinger Bands are designed to discover opportunities that give investors a higher probability of success.

Source:


#80

this is my analysis on OMG/BTC … there is a squeeze and then it rises above and outside the top BB … the RSI goes overbought and went down and ranging again …how do you combine these two to figure out when to sell?
my target is 165


#81

I suggest using BB as merely a reference. Do you know how to use the MACD? That is a huge and awesome indicator that I suggest adding to your chart. The MACD coupled with the RSI is a huge tool that can helps you make the most educated trading decisions.


#82

yup…usually i try to combine these three indicators to look when to buy and sell…but still sometimes getting fomo to sell