My Trading/Gambling Journal

[cryptotrade78u]

I will start lets say 0.1 BTC as a deposit and Open a long or short position with enough Leverage and a Stop Profit taking so i am getting liqudated or taking profit when price moves X amount either way. Example would be, Long now @ 8000 get liqudated if it hits 7800 or take profit if it hits 8200 first.

If i win, i will just put all of it again, as the stakes increase i will probably go less crazy with leverage and look at it as long term thing. So lets say 10 BTC is on line at 8k, i would want to get liqudated at 6500 or take profit @ 9500.

Obviously most of the times, i will lose after couple of wins (if that) and happy to just keep adding 0.1 btc every time i lose. I don't have a stop loss in mind, but i would let the forum know if its becoming boring and i am tired of losing. My strategy for beginning is just gamble it away and then eventually if its decent amount, i would stick to "Trend is your friend".

Creating separate account now and Depositing now.

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[cryptotrade78u]

Deposited $500 worth BTC (0.06194)

[cryptotrade78u]

1st bet is in, 26k short @ 8000
Liqudation @ 8101
Profit taking @ 7900

[cryptotrade78u]

Attempt - 1

Winnings in row - 0
Profit/Loss so far - 0

[cryptotrade78u]

Got liquidated, couple of hours after opening Short position.

Just deposited another $500 worth (0.0619) BTC.

[cryptotrade78u]

Attempt - 2

Winnings in row - 0
Profit/Loss so far -0.06194 BTC

Shorting again, just recently it went up a few hundred in last few hours, should slow down.

[MURONDI]

I don't really like leverage trading, although this method can maximize profits, but the risk is very large, in trade requires good mental psychology, so you have to play casually and not be greedy, but if you already feel comfortable with trading leverage, just continue your trade, because every trader has a different strategy.

[pajak666]

Haha I personally love it as long as you can afford the reloads This should be funny a bit longer than standard Martingale approach. What is your reasoning for picking entries? Also what is the $$value where you stop and go holding? Should be very enjoyable to follow this thread and I wish you big double^n up!

[cryptotrade78u]

Haha I personally love it as long as you can afford the reloads This should be funny a bit longer than standard Martingale approach. What is your reasoning for picking entries? Also what is the $$value where you stop and go holding? Should be very enjoyable to follow this thread and I wish you big double^n up!

In the beginning, when its small amount at stake, the reason is same as it would be when picking red or black on roulette table, just go with the gut. When it gets bigger stakes, i will start looking at short term support and resistant. Generally i am bulling long term on bitcoin, so if it gets insane stakes, i will mostly be going long with a lot less leverage.

[cryptotrade78u]

I don't really like leverage trading, although this method can maximize profits, but the risk is very large, in trade requires good mental psychology, so you have to play casually and not be greedy, but if you already feel comfortable with trading leverage, just continue your trade, because every trader has a different strategy.

I do not consider this as trading, its more of gambling and speculation kind of side fun activity, unfortunately no casinos nearby. Personally i have never understood the hate for leverage, if used right. I mean whats 2X leverage? You don't think you can utilize those extra funds somewhere else?

[exstasie]

Creating separate account now and Depositing now.

Awesome, I'm excited to watch some high leverage gambling. What is this you're using, 80x?!

Attempt - 2

Winnings in row - 0
Profit/Loss so far -0.06194 BTC

Shorting again, just recently it went up a few hundred in last few hours, should slow down.

Brutal, you got liquidated on that momentary spike to $8,295 right? This is why I can't deal with leverage that high. The whipsaws liquidate you and then a couple hours later the market is back near your take profit.

My strategy for beginning is just gamble it away and then eventually if its decent amount, i would stick to "Trend is your friend".

How do you define "trend" in your system? If a short trade wins, you enter another short?

[cryptotrade78u]

Awesome, I'm excited to watch some high leverage gambling. What is this you're using, 80x?!

I don't know, i just looked at my balance and was ok with $100 either way, i think i am going to just do that for a while, untill the balance grows. Sooner or later it will. I heard this famous saying few weeks ago and i am in love with that, it goes something like this "The market can stay irrational, longer than you can stay liquid". Love it! I dont think we are there yet though, plus the market isn't irrational.

Brutal, you got liquidated on that momentary spike to $8,295 right? This is why I can't deal with leverage that high. The whipsaws liquidate you and then a couple hours later the market is back near your take profit.

Yes, that was pretty Brutal... after that trade i went to watch movie with the Mrs, half way through the movie i saw a notification that bitcoin went above $8280, i checked live price after couple of minutes and it was below $8200 and i was like, FUCKKKKKKk

How do you define "trend" in your system? If a short trade wins, you enter another short?

Not trend of my bets, i meant general trend of the market. In this given chart, if i was making a trade, i would go short where the trend downards, but this comes in play much later in the game when liqudation and profit taking is at least $1000 or so away from the entry price

[cryptotrade78u]

i am sure you all know, last trade got liqudated shortly after trade, it was a spike and came right back to our profit taking but oh well

anyways, deposited another $500 (0.06162 BTC)

BTC just feels like in a no-mans land for last 48 hours so not getting in a position, if it goes below 7900 and stays there for few hours, i will go long... if its over 8200, i will short, over 8400 definitely short, perhaps 100X too

[pajak666]

i am sure you all know, last trade got liqudated shortly after trade, it was a spike and came right back to our profit taking but oh well

anyways, deposited another $500 (0.06162 BTC)

BTC just feels like in a no-mans land for last 48 hours so not getting in a position, if it goes below 7900 and stays there for few hours, i will go long... if its over 8200, i will short, over 8400 definitely short, perhaps 100X too

That's too bad GL with the next one.

I do not consider this as trading, its more of gambling and speculation kind of side fun activity, unfortunately no casinos nearby. Personally i have never understood the hate for leverage, if used right. I mean whats 2X leverage? You don't think you can utilize those extra funds somewhere else?

This is what makes this thread so worth it. Not just another degen, but someone who knows how to have some fun and is not afraid to take it As i said many times these forums, leverage is just another tool. You can use it or you can use it.. It's you and how you do it that makes the difference.

[Wind_FURY]

OP, save your coins, and don't waste your time. The market is full of traders who are better than you. It would be better to HODL and forget in my opinion.

[intybit]

OP, save your coins, and don't waste your time. The market is full of traders who are better than you. It would be better to HODL and forget in my opinion.

I think it would be actually useful to compile a list of traders who have the courage to publicly disclose their trades and evaluate their performance against each other... Anybody aware of similar attempts in the past?

[wajik-tempe]

OP, save your coins, and don't waste your time. The market is full of traders who are better than you. It would be better to HODL and forget in my opinion.

But if we keep HOLD and doesn't make any analysis we will still not better that those traders forever, it our choice to play safe or become experienced and surpass those traders that better than us right now. Losing is okay if we learned something from our loss

[cryptotrade78u]

OP, save your coins, and don't waste your time. The market is full of traders who are better than you. It would be better to HODL and forget in my opinion.

How do you know i am not better than those at something else in life and that allows me to gamble some money and speculate? I never said i am good trader and do not intend to beat the market. The word "Gambling" is in Heading for all its worth.

[roycorp]

you cant definitely find a good trader who can trade for you :/

why waste money

[cryptotrade78u]

you cant definitely find a good trader who can trade for you :/

why waste money

If there's anyone willing to make such trades right here in the thread, i am open to those. Watching someone make you money sounds fun. I am not interested in Pms or chats about this, all conversation must happen here in the thread. Profit taking for the trader has to be after a decent volume (at least 100 trades). Variance is such a bitch, can't pay just because someone had a good run.