Thanks, I'm glad you've enjoyed the "show". Olymp has got about a dozen of most popular crypto assets. Some Cross crypto currencies like LTCBTC or ETHBTC as well. Frankly speaking there is a huge temptation to start daytrading. Since my last post and exit of BTC short, bitcoin gained over 1K and when I think of the missed profits that I could have had if flipped positions at Olymp Trade instead of just closing it, my eyes start watering. But I don't really have much time to trade actively. This is why Ive stated investing. Probably I could consider trading mid-term with Olymp. If you use 4H and daily charts here with corresponding targets, the overnight commissions don't seem to be that big.You tell me! The idea was genius! To tell the truth I've done a little mistake in my calculations. I didn't really realize that every night the broker will be taking a small fee. So all is good with long-term investments, but when the asset is in the range, you'll be bleeding your deposit a bit. After I realized that and saw this nice up move on dec 18th, I decided to fix the profits I've got from $9500 sell. Have withdrawn the profits already, cause don't trust any brokerage 100%. Worked out fine. It was a nice trade that soothed my pain about BTC downtrend a bit. Broker has got it's commissions, I've got my profits withdrawn. Everyone's happy.
At the moment I once again crossed my fingers and glued them that way, cause I really hope this is the end of the drop. Sellers don't seem to have that much power anymore. Too early to drive more conclusions though. In case the price once again makes a new low, I'll consider one more short trade to hedge.
Do you think daytrading really is that much timetaking? I'm considering active trading (scalping technique) and I've heard traders normally spend 2-3 hours a day trading like that. Why do you think it will be that much time-consuming? Any brokerage now offers pending orders with automatic stop and profit target. Basically all you need to do is do the analysis and put in the orders. Or do you mean Olymp Trade has got no AOCO brackets?Thanks, I'm glad you've enjoyed the "show". Olymp has got about a dozen of most popular crypto assets. Some Cross crypto currencies like LTCBTC or ETHBTC as well. Frankly speaking there is a huge temptation to start daytrading. Since my last post and exit of BTC short, bitcoin gained over 1K and when I think of the missed profits that I could have had if flipped positions at Olymp Trade instead of just closing it, my eyes start watering. But I don't really have much time to trade actively. This is why Ive stated investing. Probably I could consider trading mid-term with Olymp. If you use 4H and daily charts here with corresponding targets, the overnight commissions don't seem to be that big.You tell me! The idea was genius! To tell the truth I've done a little mistake in my calculations. I didn't really realize that every night the broker will be taking a small fee. So all is good with long-term investments, but when the asset is in the range, you'll be bleeding your deposit a bit. After I realized that and saw this nice up move on dec 18th, I decided to fix the profits I've got from $9500 sell. Have withdrawn the profits already, cause don't trust any brokerage 100%. Worked out fine. It was a nice trade that soothed my pain about BTC downtrend a bit. Broker has got it's commissions, I've got my profits withdrawn. Everyone's happy.
At the moment I once again crossed my fingers and glued them that way, cause I really hope this is the end of the drop. Sellers don't seem to have that much power anymore. Too early to drive more conclusions though. In case the price once again makes a new low, I'll consider one more short trade to hedge.
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