Since this is a turbulent market, we are taking all profits where we can. Being aggressive in taking profits means lost profit opportunities. You’ll see gaps in out profit opportunities. But that’s the price of risk reduction.
Author: 24h Bitcoin Fund Management
Our $link Signal. 40% in days.
26% profit on mainframe
We moved half our position out of mainframe halfway up the bull run to qkc. Qkc was starting a bull run of its own.
In the end, we would have made about the same profit with either. So the trade was unnecessary.
http://bitcoin-fund-manager.com
Here’s an example of another trade at a loss…
We bought this coin when it was more expensive. We lost about 6% so far.
So why don’t we use a stop loss? Why don’t we sell?
Simple.
Crypto moves so fast that if you use a stop loss, the price can drop causing you to sell, then jump way higher before you have a chance to buy back. Especially if you like to sleep.
So you lose going down and you lose going up.
Also, in this case, we are so close to the supporting trend line in red that even if we do fall more, the bounce should be fast and big.
Or we start going back up without ever hitting the red line. So we measure risk and play a multiday to multi week trading game.
Sometimes we make profits minutes after we open a trade too. But you’ve got to be able to handle multiple time frames to capture maximum opportunity.
Swft trade so far.
Notice how we went negative by about 7% on the second trade before making a big u turn to get back to 2% positive?
Not all trades go straight up as soon as we buy.
Sometimes, it takes a few days to go back up.
The alternative is to buy a coin that’s actively going up. If you do that, the moment you buy, it’ll crash. You know the feeling.
Not nice. At all.
Medibloc. 500% happy ending story
