Bitcoin Trade (BTC/USD) 19-Aug-2017

I decided to publish my bitcoin trading (its going really good as of now), so that other people can benefit from it. 

Some basics. Never use leverage when you are just starting. As a rule of thumb, trade 1:1 for at least one year and than you can go upto 2.5:1 if you are successful and have developed trading psychology. Bitcoin is inherently volatile so you don’t really need much leverage any way.

Second thing, divide your capital for reverse pyramiding. For bitcoin I use a 2x + 1x , so basically divide capital in 3 parts. So if you are trading with 3 BTC capital, some trades would be 2BTC and some 1BTC. Will get clear as we go along. For BTC/USD I just long (BUY) no shorting (SELL). I will use X as 1/3 of capital.

So here is the first chart (Bitfinex)

First entry (2X) was on 20-July-2017 at 2410

Second entry (1X) was on 31-July-2017 at 2830 

As of today the EXIT (Take Profit) is at 3822 for all 3X

I will try and keep updating this everyday, with a chart, if there are any questions or suggestions please feel free to ask write in the comments.

Happy Trading !!

Next Day:

https://steemit.com/bitcoin/@aarcee/bitcoin-trade-btc-usd-21-aug-2017