My trading log and ideas

[NiceSoft12]

I did pretty well, although I gambled, by selling near 16500 and exiting the position at 13000.

This is my current BTC position:

December 10

Entry: 13900
Position: Long
Size: 10 btc (20x leverage. 0.5 btc margin)

I'm contemplating closing the position but I want to see how things go tonight and tomorrow morning.

Happy trading!

[NiceSoft12]

I did pretty well, although I gambled, by selling near 16500 and exiting the position at 13000.

This is my current BTC position:

December 10

Entry: 13900
Position: Long
Size: 10 btc (20x leverage. 0.5 btc margin)

I'm contemplating closing the position but I want to see how things go tonight and tomorrow morning.

Happy trading!

Still in this position, looks like sideways for awhile, contemplating liquidating however.

[Wind_FURY]

Sooner or later you will be wiped out using that kind of leverage as flash crashes can happen anytime. But good luck on your trades, and please try not to stop updating this thread.

It would be amusing to follow the day to day life of a "Bitcoin trader".

[arpon11]

I did pretty well, although I gambled, by selling near 16500 and exiting the position at 13000.

This is my current BTC position:

December 10

Entry: 13900
Position: Long
Size: 10 btc (20x leverage. 0.5 btc margin)

I'm contemplating closing the position but I want to see how things go tonight and tomorrow morning.

Happy trading!

I am Happy for traders, that enter earlier yesterday morning when bitcoin fall below  $13,500 and as at this morning it was above  $17500. Op,  I think we are still going up and having see that a lot of buying order are being placed at most of the popular exchange sites since yesterday.  Therefore,I will advise that we should hold and I am speculating that before end of this week bitcoin might touch $20,000.

[NiceSoft12]

Sooner or later you will be wiped out using that kind of leverage as flash crashes can happen anytime. But good luck on your trades, and please try not to stop updating this thread.

It would be amusing to follow the day to day life of a "Bitcoin trader".

Oh it's happened before. I don't even know if I'm up lifetime from trading to be honest, that is why I want to have a log....

[Wind_FURY]

Sooner or later you will be wiped out using that kind of leverage as flash crashes can happen anytime. But good luck on your trades, and please try not to stop updating this thread.

It would be amusing to follow the day to day life of a "Bitcoin trader".

Oh it's happened before. I don't even know if I'm up lifetime from trading to be honest, that is why I want to have a log....

Having a log is useful for knowing how much you made or lost per trade. It is also good to monitor and note what kind of mistakes you did on that trade, what your emotional state was, and what led you to make a decision.

But knowing how much you are up is simple. How much Bitcoins did you start with and compare it with how much you have now.

[Beerwizzard]

Entry: 13900
Position: Long
Size: 10 btc (20x leverage. 0.5 btc margin)

I've got some newb questions where aree you getting suck a high leverage for long term? Is there any tricks for such leverage (high fees or whatever)? is it possible to use it with smaller amounts of money? For long term it seems like you are just getting free money with a leverage. most of people have no doubts that BTC will grow in future so sometimes I think that such leverage is too good to be true.

[YuginKadoya]

Sooner or later you will be wiped out using that kind of leverage as flash crashes can happen anytime. But good luck on your trades, and please try not to stop updating this thread.

It would be amusing to follow the day to day life of a "Bitcoin trader".

Oh it's happened before. I don't even know if I'm up lifetime from trading to be honest, that is why I want to have a log....

Having a log is useful for knowing how much you made or lost per trade. It is also good to monitor and note what kind of mistakes you did on that trade, what your emotional state was, and what led you to make a decision.

But knowing how much you are up is simple. How much Bitcoins did you start with and compare it with how much you have now.

I agreed that we should have a weekly log on what kind of trade we did and how much is the lost and gain that we get and to monitor the mistake that we made so it will not happen again, and most importantly the names and price of the coins, I think Coinmarketcap is a big help in tracking the price and movement of the Crypto.

Trading is one point in earning in the bitcoin ecosystem and I think that many are trading with emotions involve if they would see a coin that hype or increase in value they will sure trade with it, or buy some to go on with the flow, but surely trading exist in the bitcoin society and regarding the different Altcoins to choose from and the new ICO to look for free tokens,

[NUFCrichard]

There is the old story about someone hearing that his builder was quitting his job and become a stock trader back at the peak of the market in 2001. That was a sign to him that the peak of the bubble had been reached.

There certainly are a lot of people who are now very wise Crypto trader out there. Twitter is full of them. They are doing very will in a rising market, I wonder how they will do when the market moves in the other direction?

[NiceSoft12]

December 15

Exit: 17600

Size: 10 btc (20x leverage. 0.5 btc margin)

Profit: $12,000 (after fees)

[Uld]

So you entered at 13900 and sold at 17600, 3700 profit. And you played with 10btc, thus 37k profit, how does this end up to 12k ?

[alyssa85]

December 15

Exit: 17600

Size: 10 btc (20x leverage. 0.5 btc margin)

Profit: $12,000 (after fees)

I'm glad you took some profits. CME futures opens on Monday. It might go well, it might not, but it makes sense to sit in cash while it plays out.

[NiceSoft12]

So you entered at 13900 and sold at 17600, 3700 profit. And you played with 10btc, thus 37k profit, how does this end up to 12k ?

I was using another platform that charged a lot of fees for borrowing money to leverage. I've now switched to Magnr, which is much more trustworthy and transparent, and a bit less fees.

[NiceSoft12]

Planning on entering a position with ripple/usd.

[kriptotr]

I did pretty well, although I gambled, by selling near 16500 and exiting the position at 13000.

This is my current BTC position:

December 10

Entry: 13900
Position: Long
Size: 10 btc (20x leverage. 0.5 btc margin)

I'm contemplating closing the position but I want to see how things go tonight and tomorrow morning.

Happy trading!

If you totally closed your 20x margin position, this is good for you because bitcoin raised a lot after you closed your position above. I wouldn't make short positions on bitcoin. NEVER and EVER!

[jimbo2000]

Planning on entering a position with ripple/usd.

What are your plans for ripple and usd, right now I would be shorting it if anything but shorting anything in crypto is a risky business, especially if you're leveraging it. I'm interested as to why you'd pick ripple whatever direction you're going with it.

[NiceSoft12]

Undecided right now. Not going to short or go long.

But I am leaning towards bearish right now.

[timerland]

Undecided right now. Not going to short or go long.

But I am leaning towards bearish right now.

Doubt that will be a good idea. Worst case scenario BTC will go back to $15k and then go back probably.

Right now people are buying into BCH for whatever reason. Mainly fomo because they've seen how high BCH has rallied in the past and they're afraid that they're going to miss that train to the top, so nobody is cashing out yet.

Of course as a fork of bitcoin(even though it's more of an alt), whatever BCH does, BTC usually does the opposite.

I doubt this BCH rally will carry on much longer, and i doubt that this BTC slump will be sustained much longer either. This price level under $17k in a bullish market like this just won't sustain. If you look at the dip when we initially broke $10k, that adjustment seems to be similar to the current one. I'm going long at the moment.

[NiceSoft12]

Undecided right now. Not going to short or go long.

But I am leaning towards bearish right now.

Doubt that will be a good idea. Worst case scenario BTC will go back to $15k and then go back probably.

Right now people are buying into BCH for whatever reason. Mainly fomo because they've seen how high BCH has rallied in the past and they're afraid that they're going to miss that train to the top, so nobody is cashing out yet.

Of course as a fork of bitcoin(even though it's more of an alt), whatever BCH does, BTC usually does the opposite.

I doubt this BCH rally will carry on much longer, and i doubt that this BTC slump will be sustained much longer either. This price level under $17k in a bullish market like this just won't sustain. If you look at the dip when we initially broke $10k, that adjustment seems to be similar to the current one. I'm going long at the moment.

Apparently BTC has been venturing towards a bearish market as I suspected, but I wasn't very confident about my instincts, simply because it was so so bullish previously.

[NiceSoft12]

I believe this will be a bear trap: