Post
Topic
Board Trading Discussion
Re: Trade - mistake?
by
webtricks
on 27/06/2019, 16:32:10 UTC
Hello traders,

Today I have done few trades some of them are good some of them not. But I made one trade that I though it was good but not (USDT-BTC).

https://pasteboard.co/IkN75r0.png

So I bought  BTC for 10,754 USDT(green circle on picture) and sell for 10 800 USDT(red circle on picture) but after short period of time price jumped to 11 139 USDT.
I was looking on indicators and oscillator but I didnt see any anything.

Where did I make mistake?

Thanks for every answer

Everyone saying that you didn't make any mistake and was just impatient. However, I don't think the same. You made some fundamental TA errors. You entered in market while price was in sideways trend and sold very quickly. You can see in chart that although price was moving in closed bracket of $10700-10800 but volume was decreasing continuously. Hence, it signifies trend reversal and price breakaway. Once volume falls to lowest point, trend is usually reversed and both price and volume start increasing thereafter like it did @ $10,720 in your chart. This point was your perfect indicator to hold for longer period but you sold very soon. If I was in your place, I would have sold @ $11,020 when increased volume first started decreasing because thereafter $11,020-11,120 span was euphoria and not worthy to hold.