You see head and shoulders breakdown, I see quick $$
Cập nhật
Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real.
Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me.
I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though.
Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me.
I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though.
Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Đóng lệnh: đạt mục tiêu
OK so apologies...I keep forgetting to include my entry price but it was 3.135. Now for a second apology - I already closed the trade. I put in a crazy limit order after hours for 3.23 and it got filled so I made 3.0% in about 3-1/2 hours. That wasn't the plan originally, but I saw what the bid/ask after hours was and just took a shot. If it's lower on Monday, I'll likely get back in again. Ghi chú
Trade summary for my records
Avg gain per lot = +3.0%
Avg holding period = 1 day
Avg gain/lot/day held = +3.0%
Annualized return = 3.0% x 252 = +756%
Ghi chú
Back in at 3.025 this morningGhi chú
Had a little accident today and got stuck at the ER, so I missed the close. I have an after hours order in at the closing price of 2.97 but I don't know if it will get filled. I won't reach here. If I get a fill at my price, fine. If not, it means I'm almost back to break even with the lot I bought this morning. It's fine with me either way.Ghi chú
Closed trade 2.0 - couldn't get a fill at 2.97 so I closed the lot I bought yesterday morning at the close today for 3.135 for a 3.6% gain in 2 trading days.
Trade summary 2.0
Wins 1
Losses 0
Average gain per lot = +3.6%
Avg holding period = 2 days
Avg gain/lot/day held = +1.8%
Annualized return = 1.8% x 252 = +454%
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.