What's Crypto ppl!
Huzzah! Today was an awesome day of trading for me. After a few slump days (learning days) I finally got some solid moves in and am feeling pretty confident in my trading!
Stick around to the end of the article and I'll share a tool I use to help me find awesome trades!
Now, My last post, if you missed it, talked about my frustration with missing a trade. I'll be showcasing that trade here. I have one final trade in action so I hope it will hit the target while I'm writing this post.
Lots to look at today! Let's get into it:
Current Bitcoin Price on CMC:
$11 400
Began the trading day with:
0.01961 BTC
$218 USD
Ended the trading day with:
0.0273 BTC
$303.5 USD
Total Profit:
0.00769 BTC
$85.51 USD
ROI:
39.21%
Boom! Beautiful numbers, that's what I like to see! Let that compounding Bitcoin work!
Let's dive into the trades:
B = Buy
S = Sell
R = Remainder
C = Carryover Balance
RKC:
B: 187 at 0.00004260 || 0.007966 BTC
S: 187 at 0.00006876 || 0.012858 BTC
Profit:
0.004892 BTC
$54 USD
This is the coin that I missed the big trade on. My alarm went off yesterday but I missed it. I came to find that I missed out on a 400% potential return. I was fairly frustrated that I missed this as I was actually home at the time. I noticed that for the past couple days, there would be a big dump around 5pm. So today I set up some buy orders.Sure enough, there was a dump at 5pm and it netted me some good profit. It didn't hit my lower target, but I still made out fancy! I feel better about missing the other trade now.
ERY:
B: 576 at 0.00001254, 130 at 0.00001282 || 0.0088896 BTC
S: 576 at 0.00001552, 130 at 0.00001619 || 0.011044 BTC
Profit:
0.002155 BTC
$24 USD
Pretty solid trade! I caught this one with the market scanner (link at the end). I went to the chart and it just hit a big panic sell, so I hopped in quickly and immediately my order was filled. And within about 10 minutes my sell order went off. Quick and easy.
SBC:
B: 1216 at 0.00001149 || 0.013971 BTC
This is the trade I was hoping would close before I got down here. My sell order is at 1245, and the candle topped at 1233. I always find it funny when my buy order is place like just a little bit too high and I miss my ideal quick trade. Now I just gotta wait this one out. If it goes down, that's just bad luck. I'm sure it will rise.
And of course, here's the crypto market scanner I mentioned before:
https://cryptomarketscanner.com/
Super useful tool once you get used to it.
The settings I use are 30 minute, -10% and 1BTC volume.
Skip over the charts and look for coins that are trading in high satoshi values.
Like 800 sats or 3000 sats. The coins that are trading ay like 1-10 sats are pilled full of buy and sell orders so you need to wait in a longer line to finally buy or sell your coin. Not ideal for day trading! (Could be good for swing trading)
Well that's all for today. Until next time.
PEACE