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April 15, 2013, 02:45:49 PM |
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Completely new to markets directly... more used to 401k and other no thought options like M Funds etc.
Pretty much playing with the market, $500-1500 bank role for the time being.
Learning a ton about trading.. MACD and all sorts of other acronyms. Pretty fun learning new stuff.
What are some basic enter/exit strategies people use when performing trades? Not really looking to day trade completely... but a few transactions a week... maybe 2 a day (buy sell etc)...
I have read a bit about a pyramid system, where you buy most of your desired position first (50%?)... then smaller amounts during (hopefully the upward trend)... Then when exiting, the opposite... sell your 50%, then less and less.
Do you always keep a BTC/$$ position, say 10% on hand? AKA never sell all BTC and drop your cash to 0?. Obviously this makes waaaaaay more sense with the $10 buy'ins but what about a noob like myself just starting?
What kind of BTC size orders do you do? Is it better to do a bunch of smaller orders spread out at various prices.. say 0.5 btc at 100.1, 0.5 btc 100.14, 0.5 btc 100.2 etc OR just a straight up 4 btc at 100 (remember small fish here, 4 is the bottom of my bank size).
What sort strats do you perform based on the market order walls? I noticed there would be some advantages to trying to sneak a limit order in front of a wall.. but the walls many times poof! so is it even worth bothering?
Thanks for helping a noob out.
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