Rough night for sure, but also good opportunity to sell to improve average.
Market always unpredictable and did not expect such lofty highs. Market never changes when it comes to extremes, and that is why always maintain low leverage in order to manage the position the right way.
During night I add one more short @ $ 2,068 with slight higher leverage and placed buy order at $ 2,023 for 25% of position and this time lucky it worked out. My average now $ 2,038.50 short and low leverage.
The over state is still overbought, and we may be adding once again around $ 2,068-2,070 if seen again. The movements has been erratic and shows the market condition is overbought is my personal view.
For new positions strategy is SELL current $ 2,048-2,052 range and add $ 2,068-2,070 if seen again. Profit orders now as follows: 25% @ $ 2,014 and rest $ 1,989 for now.
Market always unpredictable and did not expect such lofty highs. Market never changes when it comes to extremes, and that is why always maintain low leverage in order to manage the position the right way.
During night I add one more short @ $ 2,068 with slight higher leverage and placed buy order at $ 2,023 for 25% of position and this time lucky it worked out. My average now $ 2,038.50 short and low leverage.
The over state is still overbought, and we may be adding once again around $ 2,068-2,070 if seen again. The movements has been erratic and shows the market condition is overbought is my personal view.
For new positions strategy is SELL current $ 2,048-2,052 range and add $ 2,068-2,070 if seen again. Profit orders now as follows: 25% @ $ 2,014 and rest $ 1,989 for now.
Comment:
took 50% back at $ 2,014 rest of balance profit order $ 1,989.
Comment:
Liquidated all @ $ 1,991.