Trading Journal #13 - ZCASH/BTC (Follow Up)
I'm beginning to understand and appreciate one of the maxims of trading...
"Trade what you see, Not what you think" - Some Professional Trader
As you'll see here, I was expecting this trade to net me a return of 12% to 13%. Simply having such an expectation, as this one, is forcing my own results on the market when the market itself doesn't care about my expectations.
So, what did I do when I saw that my trade on ZCASH/BTC was already up 8%?
I closed the trade out, that's what I did! Any profit is good profit after all and plus, most traders (around 95%) lose money. That's not me and won't be me. I'm treating this as any professional trader with a million dollar account would, despite me not having an account that size.
After all, what's the difference between a $100 trading fund and $1,000,000 trading fund? It's just a bunch of zeroes at the end of the day, it's the fundamentals and experience that separates the professional from the amateur.
Happy Trading!
-- Trader D
good choice, read the story of the chart right? and 8% is a nice return again. Yesterday I bought some ETH/EUR for 156.5 and during the night I sold for 172 😀 Currently at 174 but I'm not complaining. Just waiting for the next base crack.
Yep...it's always in the story of the chart. Nice Trade!!!! I have some alerts set for upcoming base cracks too...can't wait.
i believe JP Morgan is involved in ZCash. Whatever JP Morgan touches, folks need to pay attention to.
Good job man! Started following you a few days ago, I appreciate your trade updates! Saw you were doing pretty good from your comments over on Lucs blog
Glad that you're finding them valuable! Welcome aboard! #InCryptosWeTrust
hey bro what's the deal. this market is going crazy!!! when is the next time you're posting something!!!