I had a flat TV that was of no use and collecting dust in one of the bedrooms and I decided to use it for trading cryptocurrencies. This solves an issue I had of missing good opportunities to enter or exit a trade as I use the computer for other tasks and can't see the charts at the same time.
As I got the proper connector, I connected my iMac to the TV and hooray! I can now keep an eye on the charts as I am doing my other tasks on the iMac and MacBook AIr.
As soon as I installed this new setup, I made a beautiful trade, which I was able to monitor, and that I want to share with you.
A Beautiful Trade with New Setup!
This is part of my personal trading journal that I share with you in the hope it is useful. I am not an expert trader or financial adviser, but a student of the Cryptocurrency Trading Course by Digital Currency Trader that you can join to learn with me. Use my special discount coupon code "michelsentme" at check out, I will get a small commission and you will get a 20% discount.
I have everything in Tether (USDT) on Poloniex and I am concentrating on trades with USDT at the moment. Yesterday, I chose to trade USDT/ETC.
USDT/ETC Trade in Coinigy
The most important is to find a pair that is favorable to a successful trade and with USDT, we are quite limited in numbers compared to Bitcoin pairs.
I entered my first trade with 25% of my USDT at a price of 24.56 USDT where you see the first circle. It was going up when I bought and even if the moving averages were in a slow down trend, I decided to enter and monitor closely to be ready to exit the trade if it was going further down.
It went back down to its base after a pick and that was critical to confirm an upward or downward trend. Hopefully a reversal occured and the moving averages crossed confirming an upward trend, which went quite high and it is where I had planned to buy another 25% of my USDT, the second circle.
It fell back a bit and I was able to draw the 2 trend lines to form the triangle. Notice that I placed a sell limit stop to where I wanted to take profit, and it started to go higher and brake outside.
The sell limit triggered and as not all my ETC were sold, I had to put another sell order on the way down, as you can see in the last circle.
Now, did I sell too early? Was it going to go much higher or go down?
I could have held a bit longer for a higher profit, but I went according to the plan, and finally it started to fall a bit.
These are the two buy orders and two sell orders that were executed.
The result of the trade is 11.52% profit for the first entry and 5.87% for the second entry.
This trade was beautiful in the sense that it did what I thought it was going to do, I traded according to my plan and I was able to monitor it better with my new setup.
I use Coinigy to look at charts and place trades, if you would like to try Coinigy please use my referral link https://www.coinigy.com/?r=842aeb1c because I will get $15 if you purchase later on.
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