Post
Topic
Board Trading Discussion
Re: It's all about monthly low and monthly high my limit orders btc
by
Collateralbank
on 18/08/2023, 13:33:21 UTC
It's all about monthly low and monthly high market priced in that way.

My btc orders just for this month buy 27500$ and  28100$
Sell order: 29800$ and 30100$      next month different monthly low/high prices.
So, you bought BTC at 27500$ yesterday and 28100$ too and are waiting now to reach 29800$ and 30100$ to earn 7% / 8%.
I think there is a real chance your sell orders will not be touched anymore this month. So your sell orders remain. Next month you set new pairs with new money.
You didn't mention how long you do this already, but there will be times you will have many open orders and need to invest more and more to follow your strategy.
At least it's not ideal to have no stop loss and no money management. You do not significantly profit - or avoid losses - if price go one direction.
At least I would recommend to do some DCA if prices go southwards and read a bit about money management (there are many ways to do it more smart).


The next month different orders the orders i mentioned are for this month only.
The next month orders i'll set at the end of this month or between the   1st-3rd dates of STARTING the new month.