those kinds of BTC price fluctuations (whether fake outs or not) did not trigger any of my BTC sell orders or my BTC buy orders, so my amount of BTC stayed the same, so the value of my BTC stayed the same, too when the price moved up and down.
I think I see the problem.
Maybe you can explain?
I was not expressing the matter as a problem.
Day 1 - BTC prices were at about $7,200.
Day 1.5 - BTC prices bounced to about $7,772.70.
Day 2 - BTC prices were at about $7,200.
I was just saying that my BTC were worth the same on Day 2 as they had been on Day 1 and none of my sell orders triggered.
So, there is not a problem.
We have already had some variation of this conversation, and in that older conversation, I was actually asserting that maybe you should not be trading BTC so frequently, especially if you are supposedly already relatively well off from bitcoin. But, I understand that maybe I was presuming too much, and you want to continue to trade BTC on smaller price increments. That is your personal choice, and it is discretionary regarding how you value your time versus how much money (whether bitcoin or dollars) that you may or may not be able to stack up by trading so frequently versus how much time it takes to manage your trades, especially if you are carrying them out manually.
Like I mentioned, I started trading when BTC prices were at about $250, and as BTC prices went further and further up, my intention was to structure my BTC trading increments to go up, not only in dollar terms but also in percentage terms. When I first started, I wanted to get so fucking much practice that I actually just structured my trades to at least minimally be profitable by covering the trade fees and maybe a fraction of a percent of profit off of each trade. I wanted so much practice that I set the increments small so that I was practicing a lot. By the time BTC prices got into the 4 digits realm, I was feeling a whole hell of a lot better in terms of my having had learned through practice, and I felt that I did not need as much practice, and at various points as BTC's price went up, I restructured a larger and larger percentage of BTC price change would have to take place before my BTC orders were going to be triggered (whether selling or buying).
That restructuring took place all the way up to $20k, but when BTCV prices came back down to $3k I made the increments smaller and of course, when they went up to $14k they got larger again, and then smaller again upon coming down to $7k-ish.
This has neither been a set-in-stone system nor an exact predetermined tweaking of my system. I have had to roll with the punches a bit and to try to figure out what kinds of time versus money management was comfortable for me, which includes considering how much time I am willing to tolerate resetting BTC buy/sell orders versus other ways that I want to spend my time versus how much money I felt that I would be making whether the increments are set smaller versus larger - even though I would assert that I have achieved ongoing movements towards increasing my increments larger and larger and larger as BTC prices are mostly UP as compared to when I first started, but I also have continued to feel less inclined to either practice trading BTC in the smaller increments or any kind of need to make extra money by spending my time in that way.
Of course, I have not completely removed myself from the BTC trading game, and perhaps my regular spreads seem to be quite easily in the more than 10% arena before they even start - and that is way the fuck more than I need to cover exchange fees, like when I started, and currently, I am thinking that even if BTC prices go up to $100k or more, I am likely going to end up trading BIGGER BTC price swings.. perhaps in the greater than 25% arena.
But, yeah, these matters are not exactly set in stone, but I have ideas in my head about where I am and where I would prefer to go under various scenarios, whether the BTC price goes up or down, and of course if the BTC price continues to go up, as many of us tentatively suspect to be likely, then my trade increments are going to continue to get quite a bit larger, and I won't be giving too many shits about trading BTC at all, except perhaps on the REAL BIG price swings.
That is the goal, and it seems to have been working out pretty well so far in terms of causing greater and greater increments for me (which includes less actual time spent trading BTC), and let's see where we end up... hopefully UPward prices and even less trading.
Again, jbreher, what is the problem, exactly? You are suggesting that I could have made money and I did not? Fuck that. I don't give too many shits about those small BTC price moves, and that is largely the punch line. If you are suggesting something else, then please explain or let me know if there is something that I have not adequately described in order that you understand what I was saying in my earlier post.
Poll
