Another busy day for me didn't allow me much time for trading. I was able to get in on a few trades and set up my alarms for future panic sells.
My overall account balance is still down due to the trade I took a few days back that didn't resolve yet. I'm still hoping that it decides to go up soon.
Something I'm going to start focusing more on is the volume indicator at the bottom. An issue with cryptopia is that some of these coins have very low volume. Or they have high volume one day and low volume the next.
All part of the learning process :)
Lets look at the trades:
Current Bitcoin Price on CMC:
$11 300
Began the trading day with:
0.02055 BTC
$229
Ended the trading day with:
0.02022 BTC
$225
Total Loss:
0.00059 BTC
$3.68 USD
The Trades:
B = Buy
S = Sell
R = Remainder
C = Carryover Balance
ALEX:
B: 47.4 at 0.00004
My alarm went off for this coin and upon checking it I saw this massive spike down and had to get in on the action. After my purchase, the volume was almost non existent. I feel pretty confident I'll hit my sell target within a day or two for about a 13% profit.
RKC:
B: 9.3 at 0.00006424
S: 9.3 at 0.00011101
Boom! Another beautiful trade on RKC. This has become my favourite coin this week to trade on. I'm not sure if some whale is dumping in small increments or what, but whatever it is I like it. Keep the mini dumps coming please!
CRC:
B: 2.6 at 0.00112991
S: 1.6 at 0.00123601, 1 at 0.00125434
Another lovely dump gave me some easy profits. I'm still going in with a small amount on these trades, but building confidence for the future when I can really start loading in.
21M:
C: 26 at 0.00011425, 21 at 0.00010152
Starting to feel a tiny bit worried on this one because the volume hasn't picked up. It's gone down 38% and 50% since my purchase. I'm going to continue to hold and pray for that spike back up. This chart's history has shown that it will likely bounce so, here's hoping. I feel like noting that, as a trader, playing with hope is not ideal. But still, according to my strategy, this coin should bounce back to be near the previous base, at which time I will get out immediately.
Recap on a previous executed trade:
DNA:
I am still very proud of this trade. Catching at a dip, layering the sells on the way up. The only thing I may consider differently is keeping a small amount to trade as the price continues to climb. There was more profit to be had. I am still very happy with the profits I did get!
Missed Trades:
XLC:
Big dip down had my alarm go off, but sadly I missed this one.
LBCT:
Same thing here. Missed a cool 30%-40% trade. Next time!
I wish I could have participated in more trades today, but alas life is life. I think tomorrow (Saturday) is going to be a nice day in the markets, got a gut feeling on this one.