2nd best end to the trading week.

in LeoFinance6 months ago

The first and bestest way to end the week would be with a big win that hit the profit target.. but the second best way is with any profitable win.

I had the bad feeling that some shark would come along and take away my hard earned profit, so I closed it early, before power hour was even close to starting. It turns out I was correct in my thoughts of what price was doing, and if I had waited another 40 minutes, I coud've had my full profit. ($10 more, or a shark could've traded and stopped me out in no time for -$50)

OK, here's what made me decide to trade how I did..


the bears had sunk the market and price was well under the average.


I rather liked the BEAR trend that was going on, and thought I might try and join that move DOWN.

I have new rule, or just a habit, of sitting and watching price for at least 5-10 minutes before I jump in with a trade. (I would guess this happens as long as I'm NOT 100% sure of where price is going)


in this case, 5 minutes was all it took to see price pushing UP strong.

The wind was changing direction. I thought that price would move UP to seek the average.


*I zoomed in to the 1m chart to get a good look, and price had already touched the average on this chart. I wanted to see it break away and move more UP before I entered.

After waiting another 12 minutes and watching price hover around at this price level, I took my shot and entered.. I thought price would eventually continue its move UP to the average. (at least until some shark caused it to dive, but eventually end UP again)

Still, I wasn't 100% sure of the move, so I chose a pretty low delta.. lucky 13..

Price was staying in a very tight range, but time decay was doing its thing.. so as the seconds ticked on, my trade's delta was improving..


a move in my favor from 13 to 11. :)


I was 99% price was moving UP to meet with the average, but so too was the time approaching when I felt a shark might come in and ruin it for me.

I adjusted my target to just .25 profit, which was the last highest point price had gotten to..

I patiently waited about 10 seconds, when price did return to it's high and filled me out of the trade..

$25 isn't any great win, but considering that I only used $500 on this trade.. it's a very not so shabby 5% daily win for ROC. (when was the last time btc did that??) What I'm really waiting for is for HIVE to get up to .40. pls hurry HIVE! :)

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Taking such measures to study the trends is surely a good way not to loose out. Always study carefully before embarking on a trade, I bet your success will soar very high @chinito

😉😊🤙