Post
Topic
Board Trading Discussion
Re: Are you all in when trading?
by
kit-kat
on 15/01/2018, 20:46:51 UTC
I trade off the order book and depth chart on gdax. I bought when I did because I saw the wall on the depth chart and was confident the price was going to upswing when it hit the wall.  There were more buy orders than sell orders at that second. I stuck with my strategy however It didn't work that time. I'm not worried about losing money. I never sell below the price I bought in at. I just wait for it to come back up. Then place my sell order within a few dollars of the wall so I get the execution right before it hits and changes direction.

Yeah, because each exchange only trades on its own liquidity, correct? As opposed to stocks/currencies where the liquidity pool is spread out amongst brokers/banks, so the order book you see is not going to show you the orders on other exchanges they trade with (e.g., you might think its going to break up at .0476 but on another exchange that uses the same liquidity pool there might be the opposite happening)?

I'm quite slow with coins/ICOs - no real day trading from me, just checking back regularly and spread over 5-10 coins.