Portfolio Update

LONG TERM
LONG | from 0.93$/btc with 1 unit (100 btc)

SHORT TERM
LONG | from 6.93$/btc with 1 unit (100 btc)

As you can see the 2 hour chart looks pretty clean, nice rise, plan to hold the position till tomorrow at least, i’ll try to push as long as possible this trade for a 2-3$ pts of profit.

Advertisements

8 thoughts on “Portfolio Update

  1. TripTrip

    Thanks! I did manage to find it in your earlier posts. I have it all setup and it’s working great. But the lack of liquidity makes it tough to trade based on what I see. Have you been very successful?

    1. I trade with trading units, for now 1 unit is only 100 btc due to scarce liquidity but with the pass of time things will improve.
      You can reduce the problem of liquidity using volume based charts or using higher time frame chart, i use 1h or 2h charts for short term trading.
      I keep a track of the operations i’m doing, check on the right column of the blog, so far 2 out of 3 trades profitable, 217$ net profit.
      i’m off, 10.20 pm here. Bye

  2. I start a trade buying btc and i close a trade selling btc, when i’m flat and so not involved in a short term trade i’ve us dollars in my pocket so it is difficult to estimate profit in btc, aniway i’ll add an estimation of btc earned dividing net usd profit by average btc/usd cross ratio of the last 7 days

  3. Problem is that sharp rises in the value of BTC may leave you with less wealth even if you have more USD. The ideal situation is to have a large amount of BTC and you can just sell them when you need to and buy more when the price is low and you have access to cheap credit. You use it for a permanent carry trade.

    1. I understand your point of view however i’ve a reserve of btc both from long term investment and mining activity. I’m thinking about to give also sell short signal, how? simply selling your own mtgox BTC reserve for trying to rebuy them at a lower price with a profit in usd, going short on a usd/btc chart it’s like going long on a btc/usd chart:)
      with 300 btc and 2000 usd you can easily trade both directions at mtgox with 100-200 btc.

Comments are closed.