Key Level for Short Term Trading - Play by play in Details

Have a small short using 20x leverage for .2btc on bitmex at 3250 will be adding or removing as we see more price action. Mondays are always interesting so should be a wild ride this week. Stay tuned for all my plays. Best of luck to all!

BTCUSD


I am a long term holder of Bitcoin the goal of short term trading is to add more coins to my bag. I've tripled my stash this year through some leveraged quick trades/scalps have posted the majority here. I have been a professional trader (was at a large bank) for 8 years. Have followed bitcoin for 5. Its pretty easy for me to chart and pick the right buys/sells. Don't fight the trend its going upwards but you can get some real quick 5%-10% swings on both ends to trade on levearge with about 5-10% of your overall holdings.

Bottom line is: LET'S STACK THAT MONEY

Trade active:

was stopped out on my shorts. Putting 1.5btc (huge play for me) 25x levergaed just bought xbtusd at 3340 ill hold for a double top

Trade closed: target reached:

Sold my long contracts on xbtusd at 3430. initially bought in at 3340 for 1.5btc at 25x leverage for a 67% return for a 1btc return.

In the first trade i lost .1 btc then gained 1 btc to add .9btc to my bag...

Comment:

I am leaving .5btc in my trading account and moving .4btc back into my cold storage, i am up to 35 coins now. had 10 of them 2 years ago. I have made 350% increase in my quantiy and the value has gone up about 200%.

Stick to sound money management and you can buy these leveraged moves and make quiet a bit --- just dont risk more than 5% of your stash on anything 10x leveraged or more or you can lose all of your money real quick. Be quick and aggressive.