(10/22/23) Today I started off with some good and bad trades losing around $100. Then I made a very good trade making me around $1600 putting me at $6800 overall.
(10/23/23) Today I noticed bitcoin breached a extremely strong level based of of its all time history. I am going to try and take advantage of this and buy. So far I am up $300, If I had not exited the trade from yesterday I would be up around $15,000 but sadly I didn't, so I am trying to take advantage of it. This is the first trade I plan on keeping overnight so I am kind of nervous, but if it does what it did in the past I could make a lot of money. I made it back to 7k so that's exciting, I will explain my strategy in detail tomorrow. (10/24/23) I've created a strategy that seems to work pretty well, In certain situations I wont follow the strategy such as strong up-trends breaking extremely strong resistance levels like what bitcoin is doing now. If the price is above the 200 exponential moving average I am looking to sell, If its below I am looking to buy. I try to hit the exact reversal point of the graph and set my stop loss at a reasonable place and risk less than 2%. I then watch the graph and try to make as much as possible. Bitcoin went down close to the major level but I expected this and put my stop-loss below this, so I am still in the trade. (10/25/23) So far I am up $300 on the trade. I plan to hold the trade for a while, and day trade other things. I've been somewhat busy, so ill start doing that soon. (10/27/23) Bitcoin is consolidating slightly above the level I entered at, so I am still up but It has not moved up significantly. It will likely fall back bellow consolidation before going up so I am prepared for that.
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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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