Closed the trade, small profit Too many bearish divergence signals from the stock market, specifically related mstr shares weak price action May re-enter after market close or over the weekend and hold for a day or 2, I think $105k could hit before Sunday night futures open
no journal, too much work, I'm too lazy Only 1 time sharing a trade process from open to close using my amateur secret technique revealed in the OP I cannot win if I do not want to lose truth be told posting thoughts here on ET and watching signals and stuff, caused delays in my trade decision making
I have seen this many times over the years when following journals. Some would start out great wanting to make just 1% per day. Seems easy when that 1% is $50. And it really shouldn't matter if the 1% is $5 on a sufficiently large account. But for some reason, none of these journals went that far. Either, luck ran out since the win rates were hard to maintain once a set of large numbers catches up to you, or the pressure of continuing to do well was the factor. But I also think that trade sizes got bigger since they were thinking about it in terms of money, and then they started to do things differently. I think you having a filter of just trading when bitcoin is going up is a very good filter, but I think we can only say bitcoin is going up on a daily or weekly chart. For trading the smaller time frames, bitcoin has certainly not been going before April 6. So I think the key is going to be identifying the trend change and then stopping the trading. Its also really good I think if a trader only focuses on going in one direction, like long. If you're trading from both sides, it makes it more complex because first you have to find the direction, and then also the ideal entry. For me, I'm just going long as well, and scaling in. Yes, I did spend weeks or months sometimes in a trade, but since its the ETFs that aren't leveraged, there is no decay, and I'm not even scared to hold it long term if we hit some sort of bumpy few months. Perhaps all my trading money would now be tied sitting in a trade while I wait for it to come back, but oh well. I realize though this isn't an option for futures with the high leverage, nor do you want to scale into a losing trade.
I cannot short as the emotional conflict would be too much, since most of our net worth is for bitcoin to go up, along with other related securities, I cannot see myself wishing a crash even short term to make a few thousand $ on my short position As far as when do I think it's going up, I look at the price range, a couple of weeks ago, bitcoin was basically flat, so no need to risk any funds Last night (for me, Asia timezone) I thought there was some volatility and I'm bullish for this weekend, Saylor probably buying some and who knows, maybe other buyers too so I went long on a dip 103,444, now just waiting for it to hit price target $104k
Meh, should have canceled my sell order, it hit but on a rocket up, lol, could have had additional profits, lol
It's cool, that's the 9th winning trade in a row for me Bitcoin trading is like shooting fish in a barrel, just buy the dip, don't get shaken out, profit $105k is about to hit, this $104k has been a problem area for bitcoin, it would be better to go straight to $106k and rest Hope you're doing well trading this, Mick!
Yeah I'm not trading at all atm, my wife is doing the trading, I'm kind of advising when asked. Atm I hold no crypto, but that was a choice as I have other stuff to chase later. My call atm is bitcoin to continue rallying, also metals/mining is going to breakout into a rally. There's a heap of stuff to trade. SPY/QQQ etc I think is dead for a while.