11-09-2020, 04:43 PM
Cycle 14, day #6:
I did some more manual trading... Since last week, crypto trading has become very exciting because of its volatility.
It did allow me to confront my investing fear and I also have improved my markets understanding and trading skills.
One of the understanding that I got in the last few days is that resistance and support lines are created by other investors going through the same roller coaster ride than I do and they place stop loss and take profit orders and those for the big part are creating those imaginary lines.
I'm by far from being very accurate but my prediction skills have definitely improved.... My trading volume is now gain up to $35K.... Most of it has been generated mostly by manual trading... My arb strategy has stopped working... One hypothesis was that it needed high exchange volume to be triggered. With all the crazy events... This hypothesis doesn't hold at all since we have excellent liquidity and volume right now.
Then, I must be facing bigger players than myself that reaps everything before I can see anything since they must have lower fees than I do... Soon, I'll be able to validate if fee bracket is an important factor...
Margin code is advancing... As always, the devil is in the details... I feel like the changes should be done any minutes from now only find out some overlooked small but important details... but I will succeed in going through all those challenges...
So now, cycle 14 days off are about to start...
Thursday night, cycle 15 will start!
I did some more manual trading... Since last week, crypto trading has become very exciting because of its volatility.
It did allow me to confront my investing fear and I also have improved my markets understanding and trading skills.
One of the understanding that I got in the last few days is that resistance and support lines are created by other investors going through the same roller coaster ride than I do and they place stop loss and take profit orders and those for the big part are creating those imaginary lines.
I'm by far from being very accurate but my prediction skills have definitely improved.... My trading volume is now gain up to $35K.... Most of it has been generated mostly by manual trading... My arb strategy has stopped working... One hypothesis was that it needed high exchange volume to be triggered. With all the crazy events... This hypothesis doesn't hold at all since we have excellent liquidity and volume right now.
Then, I must be facing bigger players than myself that reaps everything before I can see anything since they must have lower fees than I do... Soon, I'll be able to validate if fee bracket is an important factor...
Margin code is advancing... As always, the devil is in the details... I feel like the changes should be done any minutes from now only find out some overlooked small but important details... but I will succeed in going through all those challenges...
So now, cycle 14 days off are about to start...
Thursday night, cycle 15 will start!
