Quote from: Ente on February 11, 2015, 05:18:25 PM

Quote from: venomdog on February 11, 2015, 10:05:29 AM

Is it any good of a position how can I improve further. I am holding on the coins since two days now Sad

and loosing a lot in swap cost that's eating up my earlier profit.
Some of my strategies :
1. I only buy limit orders never tried any other order types. I do understand them theoretically.
2. I am only trading BTC/USD and I just buy when price is low and sell when its high, but I never shy to take risk.
3. I never receive swaps and let the BFX give me on best possible rate.
4. This is my first ever trading experience and I started last month.

Questions :
Can I add trailing stop for selling my coins or still stick to limit orders not to mention limit order will not give me best benefit if price rises. And if I do add trailing short orders how to do so.

What is your most used order types, do you try different orders as well and when to use what, say when price is rising and you think it will go 2-3$ high.
Is it stupid for me to add too many BTC long order?

And here is my position : http://gyazo.com/39bc1c6880e0edf2f6f0ba77a1986c11

Your swap costs are just a bit over 1%, nothing to worry. Volatility is much higher than that, so you "just" have to pick the right direction, up or down ;-)
(I picked down, by the way)

You can manually replace your swaps with better offers, both for longer runtime or lower costs. That is, when better swap offers are available.

Training stop (both up or down, depending on your position) is a "stop loss". You can, for example, say "okay, if it goes down another $20, sell my long position" with a stop-loss or training stop.

I have some stops set, for security, and some regular orders, to catch spikes. That's it, I do regular stuff manually when staring at charts.

Raalok

Gr8 insight helped me a lot. Followed your suggestion of going for swaps and placed some offers for receive. Cheers.