I also said my part too in regard to the problematic nature of the seeming structure of your orders. I am not trying to be a dick, but I am trying to assist your retarded ass, without being patronizing and perhaps you have some kind of explanation that would allow your system to make sense, but having your buy and sell orders so close together seems a bit naive and impractical (or did I say retarded earlier?), and I am saying those things in a loving way.
- even though I am doing it in a public thread, rather than privately.
Look, fuckwad ( ::mwah!:: )
I am glad that we enjoy a mutual appreciation for otherwise off-putting terms of endearment.
the way to maximize profits from volatility to to place your orders such that they are as close as you deem tolerable. Right?
I do think that works for bots, but I question whether it works so well for humans - even though in theory, you seem to be correct, that the more likely that your orders fill the more likely you are going to be profitable from the various reversals, and the more likely that you are going to have an order that is close to any time that there is a reversal. Accordingly, the closer together your orders, the more statistically likely that you are going to maximize selling at the top and buying at the bottom without exactly predicting when that top or bottom is going to be. I agree with that.
Placed at $250 (good call by the way), I can profit off every $250 cycle. If they were placed at (e.g.) $1000, the price could (and frequently does) make a dozen or so $250 cycles within that $1000. Yielding me $3000*unit rather than $1000*unit (or whatever BTC, if taking profit on the BTC side). And 3 is more than 1. RIGHT?
Theoretically you are correct; however, it seems that I am making way more money with $850 to $1,000 increments than I was making with smaller increments, and I am spending a lot less time managing them, but yeah, they are not filling as frequently.
So, maybe my objection is more with the amount of time spent, rather than with the philosophy; however, one other point that I had noticed, is that when my increments are larger, I seem to end up leaving less money on the table when the price out runs me, because it seems that I can spend some of my freed up time to manage my system a bit better and to step back rather than constantly setting orders when they are at smaller increments.
And it really is not that burdensome. As I stated earlier, just check the other monitor every once in a while and enter an order or two when warranted.
Fair enough. If you personally believe that you are not stressed about your time management, then so be it. That is your decision.
That said, just two days ago, I pulled off the $125 increment plan, having fulfilled my cash infusion desires.
Well, it seems that you are moving in the right direction to double your increments, and maybe I have gone too far with $1,000.
I recall that I was still around $100 increments when the price was $2k to $4k, but I incrementally increased to $500 increments as the price approached $10k, and $700 when the price was in the $15k territory and approaching $1k as the price approached $20k.
so once I change my increments, I change them all the way down my buy back ladder under the assumption that if the price goes shooting down, it is going to shoot down and then back up in greater increments than it took when it was first pushing up. Furthermore, when I reset my buy increments, I can figure out a way to make them more profitable and align them with my BTC accumulation goals.. while preserving the quantity of my fiat too, so that I make sure that i have enough to buy back to the point that I feel comfortable (whether that is preparing for a 50% correction or a 80% correction or some other variation).
OTOH, several weeks ago, I had not been trading at all. But of late, I decided I wanted to make a large purchase. Mission accomplished, I will indeed be scaling back. Gradually.
Seems like you go from one extreme to another, meaning from no trading to extreme trading, but I suppose if it is accomplishing your goals, then I cannot really criticize you for that.
Retarded my ass.
Hahahahahaa.. maybe retarded is relative, no?
Your explanation might have given your practice a bit more credence, and like I said, surely I could understand tighter increments if you have short term goals like you suggest or you want to learn, or you are just getting started so you are building up your stackings of orders, so it is possible that I am presuming more about you than I should. My presumption is that you have possibly accumulated a similar quantity of BTC as me, and you are in very decent BTC equity and you had been trading for a while - and you seem to be pointing out that you have been taking some breaks from trading and maybe some of my presumptions are a bit off, which would cause your system to make a bit more sense, and perhaps not quite reach the level of "retarded."
hahahahaha
Poll
