altcoin_invest
Long

My first btc trading tips in one chart

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
332 2 0
Here I m trying to show you how I will trade the next days. Still hold an middle term position and buy a short term, diagram should be selfexplained.

(I m not a trader learned it in school...I m still following my perceptions. Don t know why but on this way I m mostly right ^^)

Ps: At the moment I m only holding less then 1 btc . With my bitcoins I m all in altcoins. So this chart helps me to know when the time comes to change altcoins into btc and btc then in fiat to buy more when it s cheaper.

(maybe in the next chart I ll try to set some altcoin buy/sell tips)
Yeah, and I was 100% right. Of course I know I could get much more money with daytrading a few times the day. But with setting a few BUY and SELL order you get less stress and also lot s of profit.

If you read my chart correct you BUY at 814 $ (or bevor. But at this time I was reddy to publish this trading idea)
Then set a SELL order at 871,61 $ after you goes short until 852 $. At the same moment you SELL your short order you set a new BUY order for long.

If you trade like this you make 11,21% profit in one day, secure:

871,61 $ 871,61 $ x (actually chart)
-814 $ -852 $ - 852 $
--------------- ---------------- ------------------------
57,61 $ 19,61 $ x (at the moment 14 $)

57, 61 $
+19,61 $
+14 $
-------------
91,22 $ <------> 11,21 % profit
-------------


Will be happy to get some feedback of you.

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damn, the text I had wrote was looking a little bit different. Hope you can follow the math nevertheless.
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