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Day 8
As promised I will show a couple visuals to the trades I have made to show the strategy.
Trades:
Visual:
I got into the trade on XRP/USDT @ $0.36 for a total of $31.14
I left the market @ $0.364 for a total of $31.486
Which this trade gave me a profit of $0.346. This isn't that much but I have only a 1% daily goal. This trade gave me a 1.11% profit on the trade itself and a 0.275% on my total balance.
As you can see its a classic example of the dip strategy crossing the lower Bollinger. It went below the Bollinger for about 12 minute and afterwards it bounced back up and I was able to book some profits.
Its not a matter of chasing larger profits but to take profits when you can. I could hold the 0.36 position longer and aim for 0.37 or 0.38. But why? Market can turned around easily again and drop which leads to get stuck. But by selling I made some profits and a step closer to my daily goal.
As promised I will show a couple visuals to the trades I have made to show the strategy.
Trades:
Visual:
I got into the trade on XRP/USDT @ $0.36 for a total of $31.14
I left the market @ $0.364 for a total of $31.486
Which this trade gave me a profit of $0.346. This isn't that much but I have only a 1% daily goal. This trade gave me a 1.11% profit on the trade itself and a 0.275% on my total balance.
As you can see its a classic example of the dip strategy crossing the lower Bollinger. It went below the Bollinger for about 12 minute and afterwards it bounced back up and I was able to book some profits.
Its not a matter of chasing larger profits but to take profits when you can. I could hold the 0.36 position longer and aim for 0.37 or 0.38. But why? Market can turned around easily again and drop which leads to get stuck. But by selling I made some profits and a step closer to my daily goal.
I was wondering why you didn't buy the first time it crossed the band with a significant amount. If you bought there it would have continued to drop and you would not be able to sell it with profit.
