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Margarine
Jan 21, 2019 9:18 PM

Cryptomarket short timestamp: NEOUSD Short

NEO / DollarBitfinex

Description

Whole market looks ready for a little push down, that's what I'm really shorting. NEOUSD, LTCUSD, ETHUSD, ETCUSD are just fun and I like the way they look.

Splitting a trade up into different markets that do the same thing at the same time is obviously not a sound diversification technique. This is not diversification of the intraday short on cryptos, but diversification of entries, stops, and liquidity.

Comment

Tight stops hurt more than they should. Keeping a close eye on this one

Comment

Not a good R:R anymore, soI have to leave this one be, despite being right about direction (so far)

wish we had a liquid options market for cryptos....maybe someday
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