That was a massive drop...Finally closed my short positions which were stuck for couple of weeks..Closed with 250% profit...
This is something expected to happen...most important thing is risk management when you are trading both side...
I knew it will be down, but just don't know when, so have to be patience..I was keep accumulating the short positions and keeping them within the range.
I closed all my positions on oil with great profit...I have doubled my portfolio on oil...
Going to try another strategy on the oil in the coming week. Going to be another interesting couple of weeks...Hope it get more time for trading..
Simple rules, Don't invest everything in one shot...Probability of success for every trade is 50%...no matter what, it's just 50%...so the remaining 50% chance failure can wipe out your capital..With patience and consistent trades, you can get great profit..
Always trade only on the stable coins...Trust your long position..More risk on Short positions..Loss is limited on long position and it is unlimited on short position, so it will be difficult to do proper risk management on short position...
I will stop posting my trading positions as in my next strategy, i will not be closing trades, but still continue to take profit out..
Closed another trade with 54% profit...continue to make profit on long position..As I mentioned before it is slowing down..lets see how it goes today..
Another quick trade...closed with 53% profit...Continue to make profits on the long position..I.have a feeling it taking some catch before rebound again. lets see...$BZ
Closed another trade successfully with 53% profit..Continue to make profit on the long position..making use of highly volatile situation..trade with caution...Will it break 120 range?? Lets see how much more it can add...$BZ
What a day for oil...that was a Rollercoaster ride...was busy with other things and could trade...closed another trade with 54% profit...Will continue tomorrow..$BZ
Closed another trade successfully with 57% profit...Continue to make profit on Long position and holding short position..Covering the bases and keeping within the range....Continuing with the strategy...working as projected..$BZ
Another quick trade..Closed another long position with 57% profit...Continue to make profit on long position and still accumulating short positions and keeping them within the range...Oil price continue to be volatile...trade carefully...like i mentioned before this week will be interesting for oil and it's the same way....trying to keep up to it...$BZ
Another quick trade...Closed trade with 64% profit...continue to make profit on the long position...wait continues for the short position...patience..keeping within the range and consolidating...strategy is working as expected..expecting oil to go up more...it will put the strategy extreme condition to test...As I mentioned, this will be a interesting week and it continues...$BZ
Closed another trade with 58% profit...continue to make profit on long position...Still holding my short position and consolidating...oil continue to be volatile and expected to go further...trade cautiously...$BZ
Closed another successful trade with 59% profit...
Continue to make profits on long position as i am continue to hold short position and consolidating...must keep them within the range so that it can catch up on bounce...
Patience..patience is very important..sticking to the strategy..so far working as per the plan...test continues..