(11/13/23) My long trade hit the stop loss losing another $150. From now on I am going to actually put the stop loss on my day trades as I would have had a profit of $150 instead of -$300. The long trade needs to be put farther below a key level so I wont get stopped out as easily. Hopefully by following these rules I can become more profitable this week.
(11/14/23) I entered a day and long trade both following the rules I stated yesterday. So far they are up, hopefully they stay that way. I may on the day trade if it starts drastically rising towards my take profit replace the take profit with my stop loss, ensuring the profit but not limiting me to a specified amount. (11/15/23) MY day trade was a win! I made $300 cancelling my losses for the week. It is consolidating right above my exited trade so I do not think I could of done better on that trade. The long trade is currently up $100, hopefully that keeps going up. I am thinking about using real money for the rest of the project. I will talk to Caz and see if he wants to if not I will just do it myself. I just entered a day trade, It is a risky trade, but the worst that can happen is I break even so it cant be that bad. Bitcoin is in a very strong short term uptrend so it should work, but it could reverse at this level. (11/16/23) My day trade hit the stop loss losing $160, But my swing trade apparently had a take profit and I made $300. I am fine with it, because it sold almost exactly were the price reversed gaining me the most profit. It is currently at a pretty strong level, so I plan on watching it to catch a possible reverse. I entered a trade at somewhat of a level. I could and probably should have waited for more confirmation of the reverse, before I made the trade.
1 Comment
Ace Rucker
11/26/2023 06:21:11 pm
It sounds like this has been a project of wins and losses. I can't wait to see how your project ends up!
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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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