(12/10/23) I've set up the TradeStation account. I am currently waiting for my funds to be deposited into the account which is said to take 3 business days which is somewhat of a bummer. I deposited $500 into my account from my savings account and left another $500 in savings. If the deposit works well I may put the rest in there or just risk 2%.
Currently, BTC is still in the pullback, It is nearing somewhat of a level Witch would be a perfect place to enter. Hopefully, the funds arrive quickly so I can take advantage of the pullback. In my TradeStation account, I will likely only do swing trading to start with as it is far less risky than day trading. I am going to practice more day trading with my paper account and see if I can get good enough for real money. While the funds are processing TradeStation has a tutorial/paper trader so I can do some research and practice a little to be prepared and won't click the wrong buttons and accidentally lose money. (12/11/23) Both Bitcoin and Eth had a very large pullback potentially acting as a springboard for higher prices. Both of witch hit my stop losses netting me 2k. I have since reentered into both with a risky trade on bitcoin and conservative setup on Eth. I switched my TradeingView coins to match the ones on TradeStation and noticed a large spread on there coins, so I will need to account for that when trading. the spread almost instantly hits the stop loss when set the 1% though I will likely trade with 2% so it should be fine. I am going the keep 50% of my total funds in my savings so theoretically I wont run out for money if anything goes terribly wrong. (12/12/23) The funds are in my account. After doing some more agreements and reading them, I finally got access to my funds. Now I just need to figure out the slight differences and ill make my first trade.
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(12/4/23) The price is officially through the roof. I am currently up 3.2k total with Bitcoin and eth. I am going to make a third trade to simulate the amount of money I would risk in real life. I set my stop loss below a swing low and am set to lose $1. I am simulating how I would trade with a $100 account to see the price fluctuations if I happened to enter a real trade.
(12/5/23) Overnight Bitcoin and ETH broke consolidation and are currently rapidly rising. Currently, I am up 4.5k and it shows no signs of slowing down. With the amount of momentum cryptos are showing I am going to attempt to set up a broker to invest real money. The simulated trade I made yesterday is up around 78 cents. I should have made the stop loss closer so that the number would be much bigger, so I will know if I invest for real. I ended the simulated trade and remade it with a closer stop loss. The simulated trade I created hit my stop loss pretty quickly because it bounced off at my stop loss and went back up. I will set my stop loss below this and retry the trade. (12/6/23) Bitcoin and ETH had a little pullback overnight, but It didn't get close to my entry point. If I do attempt to invest real money I will try and hit the bottom of the pullback for maximum profits. I set my stop losses to +1k on both ETH and Bitcoin, so I am assured I will have 2k in profits. I've shown the entire history of Bitcoin In the picture above (12/7/23) Currently, I am up 5.8k It had a larger pullback from a higher level but that is when the most profits are made. generally after a "big" pullback, the price will rise even faster and higher. I am working on getting a TradeStation account set up so I can attempt real money trading. I expect to initially lose a little going into it but eventually make consistent returns once I get over the nerves of using real money. |
AuthorHI, I am Austin sweet a high school student that would like to learn how to trade. Archives
December 2023
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