Post
Topic
Board Trading Discussion
Merits 4 from 1 user
Re: Bitcoin holder are not maximizing the bitcoin potential
by
internetional
on 06/10/2023, 10:37:49 UTC
⭐ Merited by Etranger (4)
I choose only those currencies, I find reliable. For me those are BTC and ETH. And I do only long positions. I am satisfied with one deal, which is opened and closed within one day. The percentage I look for is in the range of 1.3%-1.6%. No more. However, I understand that a day candle could be more than this, I choose not to take unnecessary risks. From my experience, 1.3%-1.6% growth happens every day, no matter which market it is today. I analyse when is the right moment to enter and open position with the goal of 1.3%-1.6%. I do it every day. In a month period I plan to have from 39% to 48%, if every day is successful. However, I am fully aware that every single day of a month cannot be as profitable as I with, sometimes I even close orders with loss. That is why I calculate, that at least 2/3 of a month should be as I plan. That is how I earn at least from 26% to 32% of my deposit in a month. This is all I earn for a living, actually. I have been trading for 2.5 years.
You must have had a lot of losses last two years. BTC and ETH prices were mostly falling. How did you manage to find the right moment to open a long position every day? Yes, in BTC/USD chart, height of many day candles is more than 1.3 %. But the height is calculated as the difference between the top price of the day and the bottom price of the day. And on many days, the bottom was after the top. So even if I’d buy the very bottom, it wouldn’t necessary mean that a 1.3% increase could follow. Vice versa, during the bear market its probability is not so high.