Yesterday our buy order was picked at 4474 (1X) and bitcoin zoomed passed (all time high) 4492 ! It is surely in a hurry to break all barriers... :-)
Today’s chart:
So for our (1X) trade with buy at 4474 the stop loss order (where we exit 1X) is at 4165, a risk of $309... we will be trailing this as and when market tells us the points. This is the initial stop loss for 1X. Remember we are trading 3X total (whatever your X is ). We are already in profit of $3816 from the last set of trades :-)
Previous Day : https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-trade-chart-29-aug-2017
Next Day : https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-chart-31-aug-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 | Trade On | ||
| Net | 3816 |
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.