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Bitcoin BTC Trades: Scroll to the bottom of this page to view most recent Bitcoin (BTCUSD) trade!
If you want this type of trading \ investing results with your Bitcoin (BTC), consider ordering
and reading these incredible eBooks "for free", from the world's leading authority (Not Investment Advise) on Bitcoin (BTC) John R. Taylor, on Amazon Kindle titled:
#ALTCOINGAZETTE.COM’s Terrific Quant-Tific’: Crypto Quantitative Analysis Trading. (Crypto Quant Trading) : (Crypto Quant Trading) Kindle Edition:https://www.amazon.com/dp/B08LP89ZZV
These two books below in Green go with this #Bitcoin #BTC Trade diary, are must reads etc.
ALTCOINGAZETTE.COM BITCOIN (BTC) CRYPTOCURRENCY TRADING COURSE: ALTCOINGAZETTE.COM Kindle Edition https://www.amazon.com/dp/B07W8Z6LVP
THE 3 STEP FORMULA TO EARN A MULTI BILLION DOLLAR FORTUNE IN THE BITCOIN (BTC) CRYPTOCURRENCY MARKET Kindle Edition https://www.amazon.com/dp/B07VZZDM5M
ALTCOINGAZETTE.COM: The 10 Steps for Altcoin Investing for Maximum Long Term Profits! The Crypto Rush has begun!: The Crypto Rush has begun! https://www.amazon.com/dp/B0893K21YF
The Altcoingazette.com (ACG) maintains a Bitcoin BTC cryptocurrency trading \ investing portfolio for the ACG (Not Investment Advise). This #Bitcoin #BTC cryptocurrency trading \ investing portfolio uses the following: Long Term HODL Investing, Dollar Cost Averaging (DCA), Negative Progression, Positive Progression, Stacking Trade and the Famous Breakout Trade!
The ACG posts what date and price said Bitcoin BTC trades were added to the Bitcoin BTC cryptocurrency trading portfolio and if ever sold, percentage profit \ loss if any etc. Some would describe this ACG Algo as a free trading AI, Fintech Quant \ BOT, or the Ultimate Swing Trading Algo.
This Quant trading \ investing bot was programed and coded by the world's leading expert in Bitcoin, John R. Taylor and then handed over to the Altcoingazette AI to place speculation trades in #Bitcoin #BTC.
No focus on selling and taking a profit = HODL! This Bitcoin (BTC) portfolio considers taking a trading profit out of the Bitcoin (BTC) market after 12 to 36 months of building a Long term HODL position, if ever.
This ACG AI ALGO tends to almost "Always" over purchase the Bitcoin (BTC) dips, down trends and or Bitcoin (BTC) price retracements and then almost "Always" tends to "Ride the Wave" of the new and strong upward BTC price trends. You will notice that this ACG AI ALGO will have "significant trading drawdowns" in #BTC equity and then have "significant trading equity increases" etc. Always adding more and more #BTC at the best possible prices.
This trading system is "Always" long the Bitcoin (#BTCUSD) market and is "Not Ever" short the #Bitcoin (#BTCUSD) market (Who would Short Sell #Bitcoin #BTC anyway?). This trading system is none hedged, thus has "Significant Market Exposure" and is subjected to "Significant" positive and negative swings in #Bitcoin (#BTCUSD) market equity to say the least. No stop losses are utilized with this system. This system tends to purchase the #BTC market when other market participants players are "stopped out". This system is not optimized. This system does use Big Data Science, in that it uses the "Win\Loss Ratio and the 50% price retracement only. Time and Price.
The ACG's AI ALGO challenges any other (non leveraged) #Bitcoin (#BTC) trading Quant ALGO, to produce any greater equity trading points in #Bitcoin #BTC (and also point swings). You won't find any other system that produces any more trading points than this trading system, period!
This system is not recommended for those that use leveraged trading platforms. This trading system will always "draw in" all of the #Bitcoin #BTC, when the "leveraged" market participants have "leveraged" margin calls, at the bottom of the #Bitcoin #BTC market cycles, every time. This trading system doesn't count money or dollar profits, rather this system adds up, the net trading points over very long periods of time.
The ACG #Bitcoin #BTC cryptocurrency trading portfolio is produced using a proprietary AI (Artificial Intelligence), (Fintech) Financial Technology ACG Quant algorithm. Notice that Different $USD dollar amounts are used to purchase #Bitcoin #BTC, based on #BTC market conditions (Down Trend, Up Trend and continuation of Upward Trend etc. The #BTC trend is the ACG AI's friend!
This system is often criticized for several reasons: 1. This system does not utilize Technical Analysis (TA) to pinpoint bottoms and tops in the market price action etc. 2. This system always pays up for it's respective trading positions (the FOMO - Breakout Trade). 3. This system doesn't take short term trading profits out of the market, thus HODL. 4. Not optimized. 5. No stop losses. 6. And finally does use a lot of Data Science.
The other comment from people is that, "You are never supposed to average down" in a losing trade. When most people whom are short term swing traders, "average down" they lose. This trading system will be in a long #Bitcoin #BTC trade for many years and what is most important, when most short term traders "average down" they use the same "static" dollar amount. Notice how this system is always adjusting the dollar amount based on a "Win\Loss" ratio, thus not pulling the average down trade.
P.S. If your a big enough player in #Bitcoin crypto market, you can always "Hedge" your long #Bitcoin position with a short Bitcoin futures contract: https://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html. This way you can "hedge out" some of the market risk, right?
The ACG Proprietary AI (Artificial Intelligence) ACG algorithm BTC portfolio typically trades once per week or so, typically Monday or Tuesday. No hurry to place purchase trades! Reason, the weekly price is not that sensitive as compared to intra day price.
If the last \ previous position trade is not profitable, then the ACG Proprietary AI (Artificial Intelligence) ACG Quant Algorithm will typically "Average Down" and "add to" a losing trade position and increase the $USD used. "Negative Progression". Buy the Dip!
If the last \ previous position trade is profitable, then the ACG Proprietary AI (Artificial Intelligence) ACG Quant algorithm will typically "Average Up" and "add to" a winning trade position and keep the $USD used the same "static". Ride the Trend Wave up!
If the price of #Bitcoin #BTCUSD has a 50% price retracement (W.D. Gann trade), the negative progression trade sequence resets at $100.00. Like it did about 3/16/2020, with the #BTCUSD trade at $5,247. In other words, this system stays long all of it's respective #BTC #Bitcoin, however it acts like it has just started over and builds the next layers of #BTC into the future after the 50% price retracement.
Stacking Trade = After Negative Progression trades become profitable, additional economic resources are added \ increased into the new "winning trend"!
Breakout Trade = A breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level on increasing volume.
Moonwalking Trade = Is after this Quant system has build a very profitable position in #BTC and the #BTC market price action is very Bullish\Parabolic, this system continues to purchase #BTC each week, however at lower $Dollar amounts each week. This is also referenced as pyramid position building.
Dollar amounts will be displayed as an "example" to demonstrate how AI "adjusts" economic resources. The changing dollar amounts used and HODL is the "Secret Sauce". Notice how the $dollar amount used, increases as the price of Bitcoin (BTC) is lower in price!
How to Pyramid Like Jesse Livermore – The Boy Plunger Extraordinaire
In the classic trading book, Reminiscences of a Stock Operator, Jesse Livermore spoke a little bit about a professional gambler called Pat Hearne. Pat would treat the markets like a casino game (such as roulette, faro or blackjack) and his strategy was to make a series of calculated bets, always looking for small, sure wins.
When it came to selling, Pat would close the trade whenever the stock dropped back by just one per cent. Pat didn’t like to take chances and a decline of 1 point was all it took to get Pat out of the market and onto the next opportunity.
This was a sensible approach to trading that also had a big influence on Jesse Livermore. Jesse admired his professional approach to risk and also the candid words of wisdom that the gambler had for other traders:
“Pat Hearne made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: ‘You can’t tell till you bet’.” — From Reminiscences of a Stock Operator.
You don’t know until you bet
Like Pat Hearne, Jessie realized that you can’t judge a market until you are "in it". This is why Jesse would buy a "little bit" of the market first, to "test the water". If the trade felt good, and the stock moved as he liked, he would add a little bit more, gradually building up a bigger and bigger line.
This is how you pyramid into the big trends and make the most amount of money. Price follows the line of "least resistance" so you simply "go with the flow" and keep building your position. If you pyramid smartly enough, you truly can make a significant amount of money in just a short time. Just like a colleague of mine did in the oil market.
Of course, pyramiding into a winning position and starting off small is the opposite to what most traders do. Most traders accumulate more shares on the way down, when they’re actually losing money.
They see that their trade is losing money, but they believe that the market is actually becoming cheaper and more attractive. They still believe that they’re right, so they buy more and try and reduce their cost base. This causes them to ‘average losses’ and they end up building a huge losing position that often ends up causing "considerable pain".
The market is sending out a signal. It’s saying that it’s not ready to go in that direction, and you can’t force it. But by ignoring the market, and by adding to a losing position, you are "fighting the trend" and usually causing an imbalance in your risk management rules.
Pyramiding Like Jesse Livermore, the Boy Plunger
Jesse would always accumulate his position on the way up, often trading at "brand new highs". He’d start by buying one-fifth of his full line.
If the market did nothing, then he’d wait. If it showed him a loss he’d get out. If it started to go up, he’d assume that he was trading in the right direction and then he’d add another contract. If it went up again, he’d add a bit more, and a bit more, and a bit more, and so on, slowly building up his full position.
This way you "bet big only when you win", and when you lose, you only lose a small exploratory bet. Once the real move starts, and the big trend really starts to kick in you can make the large profits extremely quickly and easily.
What I have told you gives you the essence of my trading system as based on studying the tape. I merely learn the way prices are most probably going to move. I check up my own trading by additional tests, to determine the psychological moment. I do that by watching the way the price acts after I begin” — From Reminiscences of a Stock Operator.
Another approach to pyramiding
As mentioned above, Jesse Livermore liked to start off with his smallest position. This is just one effective way for you to approach pyramiding. Dip your toe into the water and see if it’s warm or cold. If the water is warm and your trade is looking healthy you can think about adding another contract or two.
Another option, which is not necessarily how Jesse used to trade, is to put a big position on first of all, in order to build a sturdy base for the eventual pyramid.
Then, you add smaller and smaller increments on the way up. This way your position size actually looks more reflective of the classic pyramid shape.
As an example, let’s say you buy $1000 worth of stock when it breaks out past $10 a share. When it moves up to $11, you can buy another $500 worth, then when it moves to $12, you can buy another $250 worth, and when it moves to $13, you can buy another $125 worth. Or, in other words, you buy 100 shares at $10, 50 shares at $11, 25 shares at $12 and so on.
By doing it this way, the position does not become too top heavy. The break-even price is lower than it would be if you’d have bought equal amounts on the way up. This means that you can afford slightly more time when it comes to getting out of a trade.
This might be important. Because, when you pyramid into a position, the trade can become large. And you will want to exit as soon as the trend changes in order to protect your profits. Becoming tied to a pyramid trade is a very dangerous position to be in. But of course, you should know by now to never fall in love with a trade right?
Read Full Article here: https://decodingmarkets.com/jesse-livermore-the-boy-plunger/
Not Investment Advise...Opinion Only. This website is for entertainment purposes only!
Legal Disclaimer: This is not an offer to purchase or a recommendation purchase any securities or cryptocurrencies etc. The publisher may maintain either a long or short position in the above mentioned cryptocurrency, or no position at all. The publisher and or this website does not receive any compensation for discussing any of the cryptocurrencies mentioned on this website. This information is for information \ educational purposes only and is not to be construed as "any" form of investment advise. Use and read at your own risk!
The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our site constitutes a solicitation, recommendation, endorsement, or offer by Altcoingazette. You shall assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content on Altcoingazette before making any decisions based on such information or other content. There are risks associated with investing in cryptocurrencies. Investing in cryptocurrencies involves risk of loss and loss of principal is possible.
"Not investment advise". Do your own research, DYOR. No cryptocurrencies have been "touted". No Investment Advise! This website is not an Investment Advisor! Please don't blame this website when you win, lose and then win billions in the crypto market, it's not our fault.
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