The Litepresence Report on Cryptocurrency

[muh_roads]

350!!!!! THERE IS NOTHING FOR SALE!

1000 BTC TO 400!

FOMOOOOOOOOOOOOOOOOOOOOOOO

 

[muh_roads]

"It's China, Stupid"

https://blog.bitmex.com/crypto-trader-digest-nov-3/

 

[presence]

2015 was a triple bottom.

When a cup and handle meets the neckline it makes a handle.

When a triple bottom meets the neckline it makes a measured move up.

 

[presence]

Setting stop losses here I think is madness with all this volatility.

I'll use an extreme high for an overbought sell signal or an extreme low for a "despair" buy signal... but when it comes to "stoploss" trades I only act on moving average crosses.

 

[BUTSRSLY]

SENTIMENT IS VERTICAL

 

[presence]

import talib 

LTCBTC = pairs.ltc_btc
BTCCNY = pairs.btc_cny
LTCCNY = pairs.ltc_cny

BTCE = exchanges.btce
OKCOIN = exchanges.okcoin

def tick():
    
    ltcbtc = data(exchange=BTCE)[LTCBTC].warmup_period('close')
    
    ltcbtc_china = (data(exchange=OKCOIN)[LTCCNY].warmup_period('close')/
                    data(exchange=OKCOIN)[BTCCNY].warmup_period('close'))

    cny_premium = talib.MA((ltcbtc_china/ltcbtc), timeperiod = 10)

    plot('ltcbtc_cny_composite', ltcbtc_china[-1])
    plot('ltcbtc_btce', ltcbtc[-1])
    
    plot('cny_premium', cny_premium[-1], secondary=True)
    plot('zero', 1, secondary=True)
    if info.tick == 0:
        plot('offset', 0.985, secondary=True)

 

[amonasro]

Setting stop losses here I think is madness with all this volatility. Be your own manual stop loss. China is buying. China is buying. The entire month of November could be very golden.

I have to use them at OKcoin. 10x leverage can be a bitch and when the price goes against you... the losses really start to mount. Best to take the hit and live to trade another day. On 20x leverage a price change of $10 can be fatal to your account so best not to mess around and cut your losers short. With cross margin mode I've seen people get liquidated on $2-3 countermoves as you can keep adding to your position using mounting profits and leverage yourself into a corner. Bad, bad decisions.

Alternatively you could use a trailing stop.

 

[presence]

Approximately 6:30 am Eastern; 7 hours from now

6% Moar Coinz Short

 

[muh_roads]

I have to use them at OKcoin. 10x leverage can be a bitch and when the price goes against you... the losses really start to mount. Best to take the hit and live to trade another day. On 20x leverage a price change of $10 can be fatal to your account so best not to mess around and cut your losers short. With cross margin mode I've seen people get liquidated on $2-3 countermoves as you can keep adding to your position using mounting profits and leverage yourself into a corner. Bad, bad decisions.

Alternatively you could use a trailing stop.

oh jeez, yeah. I was just speaking of 1x coin spot. Contracts are available all day long I assume? I waited too long to create an OKC account. They need verifying.

Regarding spot, order books are so thin that u just can't get back in if u need to. At least the amount I'd like.

You should go play 100x on bitmex. 50 cent move in the wrong direction margin calls you. LOL

 

[PaulConventionWV]

My long from $330 auto-closed at $360. I saw the charts and bought right back in at $366. Now riding it. I think we'll see over $400 before a major correction.

 

[presence]

 

[presence]

 

[presence]

using linux mint window transparency to interpolate live; I'm sure other OS's have similar feature.

Window opacity

You can now shade windows or change their opacity by using your mouse wheel on their titlebar. A quick roll of the mouse wheel makes your window semi-transparent so you can see what’s happening underneath without the need to tile things or to use Alt-tab. This option is available in the “Windows” module.

http://www.linuxmint.com/rel_qiana_cinnamon_whatsnew.php


I spend a lot of time analysing charts like this.

 

[amonasro]

oh jeez, yeah. I was just speaking of 1x coin spot. Contracts are available all day long I assume? I waited too long to create an OKC account. They need verifying.

Regarding spot, order books are so thin that u just can't get back in if u need to. At least the amount I'd like.

You should go play 100x on bitmex. 50 cent move in the wrong direction margin calls you. LOL

100x, yeah right! 10x is stressful enough, and 5x is what I aim for most of the time, except now. It does feel different in that every price rise is met with small amounts of selling (traders booking profits mostly) as opposed to the deluge of supply thrown at every little price rise all year.

BTC just blew past $400. Quarterly futures are at $450. I see LTC is popping too. The bull is awakening.

 

[presence]

HONEY BADGER ROI ACTUAL

lease:

https://tradewave.net/marketplace/litepresence

 

[fatjohn]

I think I'm done trading for a while. This is just too much, too nerve wracking. I would like to see a retreat close to the 21 day moving average before I play leverage again. I want a do-over, I learned so much by doing. Plus I earned a few coins, but could have earned much more if i sat still.

1) don't trade with too short stops.
2) trade less, more perma bull
3) if you don't know what to expect, stay long.
4) always watch the spread
5) dont trade on kraken at night or better switch to somewhere else
6) use limit orders during dull moments and only during dull moments.

Edit: I changed my mind but I'm playing with a smaller position now. I need some comfortableness.

 

[kpitcher]

I'm glad I'm in this for the long term. Trying to figure out if this is a to the moon or a bubble would drive me crazy

21% in one day is huge.

 

[amonasro]

I think I'm done trading for a while. This is just too much, too nerve wracking. I would like to see a retreat close to the 21 day moving average before I play leverage again. I want a do-over, I learned so much by doing. Plus I earned a few coins, but could have earned much more if i sat still.

1) don't trade with too short stops.
2) trade less, more perma bull
3) if you don't know what to expect, stay long.
4) always watch the spread
5) dont trade on kraken at night or better switch to somewhere else
6) use limit orders during dull moments and only during dull moments.

If it's your first time with leverage it's good to be cautious. I had a couple of expensive lessons too... not in a hurry to revisit them The most important is to use stops and have the self control to honor (and not cancel) them. Another is to time your entries so you're not longing into pumps or shorting into dumps, as the price will inevitably reverse and immediately put you under stress. For instance, to go long I buy a local dip and put a stop a few dollars underneath. I had to do this a couple times in the $230-$240 range before one stuck as the price kept moving lower.

If I hadn't cut my recent short trades when they went against me a couple dollars, my trading account would be in dire straights. In hindsight, one short would have worked out while the other would have completely blown up in my face. It was an 800 contract short near $300 (I thought we were in distribution, doh) that would have destroyed me had I left it open. I took the relatively small loss with some wincing and gnashing of teeth, but was able to go long later on and ride it all the way up (it's still open). In hindsight, it was stupid to short at all!

My worst mistake was to cancel a stop loss at $260 before the big XT fear dumps started coming in. I saw the market start to recover and stupidly I canceled it, went on a walk with my wife, and came back to total carnage at $220. My trading account blown by over 50%. Never, never again.

I was reading articles from Wyckoff's old trading magazine, The Magazine of Wall Street, and the big successful market operators who managed to make (and keep) a fortune on Wall Street wrote that cutting their losers short and letting winners run was their number one rule. It sounds so simple but really hard to do in the moment. The articles are reprinted in Stock Market Technique (two volumes) and are a pretty fun read.

Glad you made out with some profit though, some is better than none!

 

[presence]

Just Dumped 380 and bought 360 on that

 

[btcltc]

BTC is the only coin that is being pumped right now. it can surely hit 500 before christmas