We exited (in a lot of profit) yesterday at 3822, all 3X for it and the market dipped till 3600. Its always good to have a firm exit point, in fact I decide the exit point before I get into a trade (entry) and keep updating (only in profit) that point. This is the basics of Prospect Theory, (in case anybody want I can explain that).
Now we are looking to get in again (buy position) as soon as the market gives us one, there is no hurry, it always gives !!
Today’s chart:
At the moment our Buy point is at 4502 and that will be a 1X buy. As and when the market moves we will be shifting our buy points, essentially to the nearest upper fractal.
I will come back with an update tmrw then...
Previous Day: https://steemit.com/trading/@aarcee/bitcoin-btc-usd-trade-profit-booked-today-22-aug-2017
Next Day: https://steemit.com/tra/@aarcee/bitcoin-btc-usd-trade-chart-24-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 |
| Waiting | 4502 | |||
| 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.