Live Trading 8: KNC
Second trade of the day - KNC/BTC. KNC had a decent rally today and pulled back momentarily so I decided to enter with a small position to hopefully ride the wave up. It shot straight up after I bought it, so I immediately moved my stop-loss to a roughly break-event point, just in case. I had to shut down my computer for a couple of hours after that and this is what I found when I came back.
Blue line shows the level where I entered the trade and red line is where I left my stop before shutting down the laptop. This is a good example which demonstrates that stops should always be placed immediately after entering the trade. I was hoping to start taking profits above the green line but unfortunately those levels have not been reached.
Even though this is probably my third or even forth trade where stops have been activated and the profits/losses for each trade are absolutely negligible I am enjoying keeping track and documenting my experience. Let's see if we can hit some home runs in the next couple of days.
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STOPNice to see someone putting their money where their mouth is and actually trade, rather than just make 'predictions'. Followed !
Btw, these guys might interest you, they do wonders for their members in payouts and promotions. I'm not a member myself but I follow them and fully support their efforts.
@investorsclub
some more info on what they do
https://steemit.com/money/@investorsclub/welcome-to-the-investors-club-week-1-highlights
Thanks @tradegurl, I have to admit I am happy you've got back in touch - really hope I can get to interact with you a bit more and tap into the years of experience of trading that you've got. Coming back to what you said in your comment, I've actually read what they do just a couple of hours ago. I'm yet to move some Steem from an exchange account here to start either paying bots or joining services/memberships like @investorsclub, but my inclination to do so is growing by the day.
As I said I'm not a member myself, but only because I don't post my trades for cough cough tax reasons :-)
If you're happy posting yours then they can probably give your account a real boost.