(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.
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AuthorHI, I am Austin sweet a high school student that would like to learn how to trade. Archives
December 2023
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