Trade Idea #39 - $BTCUSD - Long on the News
Updated
Well I switched tracks completely last night after coming across some interesting news.Good thing too; as the last chart was almost stopped out today. I haven't traded news in while but lets see who this plays out.
USMC Bitcoin Auction - First Blue Bar
coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/
Electronic Currency Regulation on Agenda in China - Second Blue Bar
cac.gov.cn/2015-10/13/c_1116803995.htm
USMC Bitcoin Auction - First Blue Bar
coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/
Electronic Currency Regulation on Agenda in China - Second Blue Bar
cac.gov.cn/2015-10/13/c_1116803995.htm
Note
Sold 1/4 271.50. Average buy now just below 263. Stop just above this level for zero risk. Will hold till make or break.Note
Covered 1/2 near $290.Note
See chart below.Trade closed: target reached
Note
Big 14% gain. Any lessons to learn? Don't manage your upside... could have been 22%.
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