Post
Topic
Board Trading Discussion
how to buy on low and sell on high to make profit
by
cchrisking
on 26/11/2017, 09:37:50 UTC
hello everybosy i hope you are all going well!
 wanted to start trading bitcoin and i simple thought that i had is to buy on low and sell on high, so i oppened account on kraken, and i added 700€ then i bought 0.099BTC so when the price goes up i wanted to sell and make profit of 6€ or 10€ but the kraken platform fails everytime so i was unable to sell! then i tried selling using levarage and limit then i saw i had 3 orders untouched like on the tab below Ledger

Ledger ID   Date   Type   Currency   Amount   Fee   Balance
LJOVOY   11-26-17 10:00:21 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09835
LVDMJF   11-26-17 09:05:58 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09835
LMPCNI   11-26-17 06:46:46 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09836
LN2HMU   11-26-17 06:00:21 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09837
LDKEF4   11-26-17 05:06:20 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09838
LQEUXT   11-26-17 02:47:36 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09839
LMIZVS   11-26-17 02:00:59 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09840
LF6GEI   11-26-17 01:05:13 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09841
LXASJM   11-25-17 22:48:34 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09842
L5R7B6   11-25-17 21:59:50 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09843
LDQIXB   11-25-17 21:06:06 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09844
LMNKFA   11-25-17 18:47:19 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09845
LR2JRW   11-25-17 17:59:40 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09846
LHDRKG   11-25-17 17:06:20 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09847
LA4UO4   11-25-17 14:48:52 +0100   Rollover   Bitcoin (XBT)   ฿0.00000   ฿0.00000   ฿0.09848
LYOGJO   11-25-17 13:58:29 +0100   Margin Trade   Bitcoin (XBT)   ฿0.00000   ฿0.00016   ฿0.09849
L2R4PP   11-25-17 13:04:52 +0100   Margin Trade   Bitcoin (XBT)   ฿0.00000   ฿0.00016   ฿0.09866
L25F66   11-25-17 10:46:14 +0100   Margin Trade   Bitcoin (XBT)   ฿0.00000   ฿0.00016   ฿0.09883
LIVCQW   11-20-17 20:56:22 +0100   Trade   Euro (EUR)   -€688.77   €1.79   €9.43
LBK5OX   11-20-17 20:56:22 +0100   Trade   Bitcoin (XBT)   ฿0.09900   ฿0.00000   ฿0.09900
LEV4DM   11-20-17 10:02:46 +0100   Deposit   Euro (EUR)   €700.00   €0.00   €700.00
and in overview my balance is :

Balances

Currency   Balance   Rate
Total (EUR):   €737.76   
Euro (EUR)   €9.43   ——
Bitcoin (XBT)   ฿0.09835   €7,405.4000
Rates Exchange rates used for trade balance calculations.
Currency Pair   Rate
XBT/EUR   €7,405.4
Trade Balances

Trade Balance      €737.76
Total margin currency balance.
Equity      €645.65
Trade balance combined with unrealized profit/loss.
Used Margin      €608.32
Total margin amount used in open positions.
Free Margin      €37.33
Usable margin balance. Equal to equity minus used margin.
Margin Level      106.1%
Percentage ratio of equity to used margin.
Position Valuation

Opening Cost      €2,107.31
Original cost of all open positions.
Current Valuation      €2,199.41
Paper valuation of all open positions.
Profit/Loss      -€92.10 (-4.37%)
Paper profit/loss of all open positions.
and if i go to see open positiion i have this
Open Positions

Order   Order Type   Pair   Avg. Price   Open Volume   Cost   Leverage   P/L   P/L (%)
OE4CRK   sell/limit   XBT/EUR   €7,130.0   0.09900000   €705.8   5:1   -€27.5   -3.89%
OM234P   sell/limit   XBT/EUR   €7,085.0   0.09900000   €701.4   3:1   -€31.9   -4.55%
O3BO64   sell/limit   XBT/EUR   €7,071.0   0.09900000   €700.0   3:1   -€33.3   -4.76%
i don't undestard what should i'm loosing 27.5€ and 31.9€ and 33.3€ ?? how do i do to sell and keep the interest i'm seeing in overview balance ??