Litecoin LTC - Bitfinex Automatic Stop Buy with limit sells
A stop buy is an order placed, where when the price reaches that specific point, a market execution is trigger, automatically entering you into a trade. We place a margin sell limit order near our target price. This way, when away from the PC or when you're unable to trade, this automatic process, if you have targets, can be placed to maximize potential profits. The drawback of this is that you're unable to input a stop loss before hand, and the stop loss can only be inputted after you're already in a trade. Therefore be extremely careful
My Comprehensive List of Tutorials
Please consider upvoting if it has helped you
Please consider purchasing me a 33 ft' yacht
if you have reached incredible success
Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - How to Analyze Candlesticks Charts with Strategy
Lesson 3 - Moving Averages
Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Short, Leveraging
Lesson 7 - Basic Risk Management
Lesson 8 - Fibonacci Retracement Part 1
Lesson 9 - Fibonacci Extension Part 2
Lesson 10 - Laddering
Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
Lesson 15 - Automatic Stop Sell/Buy Executions
Lesson 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2
Lesson 17 - 6 Hours Live Trade Scalping. Growing $2,000 Account into $3,500
Lesson 18 - Bitcoin BTC Feb 6 - BTC Update - Summary of ABCDE with live play.
Lesson 19 - Elliot Wave Theory, Fibonnaci Retracement & Extension (Combined with Feb 11 BTC TA)
Lesson 20 - Advanced Elliot Wave WXY With Feb 11 Technical Analysis
Lesson 21 - Using Elliot Wave, Fibonacci, And Extensions To Obtain Targets (Combined witFeb 11 BTC TA)
Lesson 22 - Risk Management, Channels, Fib Retracement, Fib Extension. Summarizing Feb 11 BTC
Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1
If I've helped you, consider buying Luna and myself a beer
BTC: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
NEO: AaZu8fiiMW3vnizUaSkRj6JoobswkeCKPQ
EOS: 0x2538b728f9682fc1dc2e7db8129730f661753850
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
XRP Address: rLW9gnQo7BQhU6igk5keqYnH3TVrCxGRzm / Wallet: 4110054236
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
If I've helped you, consider buying Luna and myself a beer
BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD
The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.
DISCLAIMER:
Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.
I am on Holiday, and the wifi is crap. I can’t see your video’s, which pisses me of. I’m banned from trading, which I still sneakily try to do. Onecthing is for sure, I’ll upvote your steemit posts, as the amount of time that you put in to show what you are doing, I surely notice every time. And I absolutely an immensely appreciate the extensive picture you give of litecoin. ( notice: I’m not an American, so superlatives are rarely given, I come from a nation that says: “that is nice” and “well done”, not “that is awesomely good”. So this means that my superlatives actually have triple the value of any American giving out superlative compliments :-).
Some pros advocate not using a Stop Loss in Forex trading. Any reason to not use Stop Loss in Crypto trading?
Sometimes the stop loss is triggered just as the currency is about to climb. Also stop losses can be triggered by relatively low volume and can cause cascading stop losses. See for example the dip in OMGUSD on the 29th of nov last year. It's often best to set alarms.
Does this work on the main account or only margin? also noticed you only use margin account can you please explain why?
margin account offers leveraged trading- plus you can enter both Long & short positions with leverage (about 3x of your capital at bitfinex).
lov'n it. BAMN!
#goals!
May I ask how to properly setup stop limit buy? If I set stop at 100, should I put limit buy above (100.1), or below stop (99.9) please ?
Hi, I just have a very good doubt: when we use this setup and the stop buy is triggered we'll have a limit buy to take profit. This is good... But we don't have a stop loss after we enter the position. Is there a way we can do everything automatically? This would be very nice because we won't be in risk after trigger the first stop buy. Thank you so much. Rafael