Bitcoin Trade (BTC/USD) : 23-Oct-2017
Bitcoin strongly around 6000 right now, our Stop Loss has been shifted to 5593, so we have some wonderful assured profits for this trade, but never look at the profits before the SL is hit... we just follow the market :-)
Today’s Chart:
So sit back and relax and see where this trade takes us :-)
Previous Day: https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-21-oct-2017
TRADE DIARY
| Date (Buy) | Buy Price | Sell Price | Date (Sell) | Profit/Loss |
| 20-Jul-2017 | 2410 | 3822 | 22-Aug-2017 | 1412 |
| 20-Jul-2017 | 2410 | 3822 | 22-Aug-2017 | 1412 |
| 31-Jul-2017 | 2830 | 3822 | 22-Aug-2017 | 992 |
| 29-Aug-2017 | 4474 | 4165 | 04-Sep-2017 | -309 |
| 27-Sep-2017 | 4129 | In trade | ||
| 27-Sep-2017 | 4129 | In Trade | ||
| 07-Oct-2017 | 4492 | In Trade | ||
| Net | 3507 |
DISCLAIMER: The above references are my personal opinion for information and educational purposes only. It is not intended to be investment or trading advice. Seek a duly licensed professional for investment or trading advice.
The charts are from: bitfinex.com
Please UpVote this post if you like it :-)
Just to clarify in my mine...why was the Stop loss placed at 5593 instead of 5104 based on past trades where you normally place the stop loss at 10 below the low fractal (daily low)? yours is set around the low fractal (daily high)....
Awesome trading by the way...i am still 3 x in this trade as well :-)
Nice @nomadz, Hang on :-)
The call to move SL is totally dependent on the price movement (subjective)... the way the Up Fractal was broken (on 20-Oct), warrants SL to be the low of the breaking bar’s low - 10 which is 5593... this is kind of “art” of trading, a feel, which you develop over time !
Similar movement (SL) I did on 05-Aug-2017... I think I started steeming after that, so you can check the fractal break on that day... The way fractal breaks gives a good indication...
So, if the price comes down to 5593, I would consider the break void and get out all 3X... and enjoy the profits :))
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