I promise this was NOT a revenge trade! :P Don't do that kind.. it's like a gambler trying to break even.. just one more try at double or nothing..
I saw how LTC was rising and wanted to get in on it. I didn't expect it to hit my limit sell so soon. LTC is one of the biggest coins there is so I always like to have some. (as long as there looks to be growth potential)
Anyway, here are some snips of the trade..
Now I will go back and look at the LTC chart again.. see if it looks like a good time to buy again.
Here my super complicated way of deciding to buy or not..
(draw or just picture a middle line on a daily chart. Is price above this? If so, then do nothing. If price is BELOW the middle line, then BUY. Simple as that. :)
Now the week end stats..
Trade record: 40/44
Total Profit/loss: 903.72
An important part of trading (for real, not just like for fun and u don't care thing) is to pay yourself a set % from your profits, on a set schedule. For me this is still something new to me since I never made so much with commodities or forex, as I do with crypto. I will try and stick to weekly or bi-weekly withdrawls, but may end up doing just monthly or even quarterly withdraw. I think bittrex doesn't care either way and charges the same fee's.
Have a great rest of the day all. Thanks again for reading..
Ben