If this plays out as bitcoin has used us to do, potential target around ATH, in the 1075-1275 range Margin x2 soft stop-loss in the 780-860 range.
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Doubled my position.
Current base price 870
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we are on track. Expecting a nice pump tomorrow 2nd january as banks open
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Closed 60% of position at 1020 (even this analysis is in bitstamp, i am trading in bitfinex).
1020 over my base price of 870ish means a +17% profit. This coupled with a x2 margin, means over 34% profit. As i've closed 60% of my position this means i've pocketed over a 20% net profit of my initial position.
Added stop-loss in the 980's-990's range for the remaining 40%
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Closed 30% of position at 1080
1080 over my base price means a +24% profit - including margin it is a +48% profit As i've closed 30% of my position i've pocketed a 14.5% net profit over my colateral.
Coupled with the profit i pocketed yesterday closing at 1020, this trade has reported a 34.5% net profit over my colateral so far.
Still left 10% of position.
PS. I want to remember everyone all this positions are margin longs, but when i close then i still hold plenty of coins. So long-term i'm always on the long side. Never ever sold a single coin, i just pocket profits with longs but my core coins are never sold.
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Tim to go long again? Share thoughts. Im already opening my longs. Short squeeze probably gonna be epic
I am amazed, I try to follow your ideas in the future..Congratulation, you are really good trader! :)
bagofXMR
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@CoinDreamer, Thanks. Though as you see i make mistakes. I could have sold much higher.
Still, as i warned in the last comment, i'm profiting thanks to spot coins i'm holding, so not bad :P