6 Successful Short Crypto Trades

The market experienced a big drop today for several crypto currencies I was looking at and I took this opportunity to buy in 6 cryptos to split the risk and hope for a quick profit.

6 Successful Short Crypto Trades.

I did not know what news caused the drop for Augur, Ethereum, Litecoin, Stellar Lumens, Ripple and Zcash in Poloniex so I also checked Bittrex to see if it was the same, which it was.

This obviously was a panic sell and I believed that all were going to bounce back up, which they did.

I used the whole Tether (USDT) I had for the 6 trades, which had a value of $148 USD.

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Let's see the charts. I bought all of them at the same time when I saw the drop and sold them almost at the same time because it was in the evening and time to take profit and be proud of it.

I remind you that I am no expert in trading crypto currencies, but just learning and sharing the results with you here. 

USDT/REP Trade

This is the chart for Augur.

Small profit, and I missed a bit, thinking it was going to go down again.

USDT/ETH Trade

This is the chart for Ethereum where I made 2 trades. The first one was just before the drop appeared and it is in fact how I saw that the drop was also in the other crypto currencies because Ethereum had no reason to drop at all. I placed the second trade with a more important amount near the bottom.

That is my most profitable trade today.

USDT/LTC Trade

This is the chart for Litecoin.

A small profit as well for Litcoin.

USDT/STR Trade

This is the chart for Stellar Lumens.

Another small profit.

USDT/XRP Trade

This is the chart for Ripple.

Another small profit.

USDT/ZEC Trade

This is the chart for Zcash.

A very small profit for Zcash

Conclusion

For some of the coins I could have waited a little longer, but I was tired and really wanted to take all winning trades, even small. I certainly didn't want to repeat my mistake: "How I Messed Up 3 Crypto Trades Before Going to Bed."

Let's see what the profit is today.

 

I had $148 USD before the trades and after $164 USD.

That's a $16 profit, which is awesome because that was the first time I put all account in trades.

If I had $1,480 in the account, the profit would have been $160.

I hope this is helpful for you.

I am a student of the cryptocurrency trading course and if you are interested to join, use coupon code "michelsentme" at check out, I will get a small commission and you will get a 20% discount.

Would you upvote this post and follow me for more because this will encourage me to make more posts about cryptocurrency trading like this one?

Michel Gerard

www.michelgerardonline.com