On 11/24/17 (11:53:34 am), I entered into EMC2 @ 0.00002047/coin. Price target was .000030.
On 11/25/2017 (9:10:49 pm), I exited trade @ 0.00003360/coin (actual rate: .00003359).
Total gain: 64%!
Thoughts:
On 11/25/2017 (9:10:49 pm), I exited trade @ 0.00003360/coin (actual rate: .00003359).
Total gain: 64%!
Thoughts:
- Best swing trade of the year (since I started in August).
- Our plan was basically: Enter @ breakout from bullish pennant and ride the bull.
- As price increased and established new support levels, we simply ratcheted up the stop-loss price. When it hit price target, we let it ride.
- My decision to exit at .00003360 was fear-based: Prices were nearing historic resistance levels and I didn't have enough confidence in bullish sentiment to keep going comfortably. If prices penetrate .00004 soon and keep going, I'll try not to regret my decision to exit "early" (although I may jump back in and see if I can score a 20-30% gain within 24hours); based on the rules we created for this trade, we succeeded, and that's good enough for me.
- If I could have done anything differently, I would have purchased more BTC to increase my position size for this trade.