Plundering the Coins

My methodology has been really solid for the long side - has helped me hold for the bigger move, and got a few solid scalps along the way. It wasn't the greatest for adding to a winner on flags along the way. In theory could have ended up with a home run if adding on each minor flag breakout. Is food for thought going forward. Now have developed a setup to scalp the over-extensions on the short side. The most important thing is to make sure that has a pretty concrete system because shorting BTC just because it's overextended is suicide . (1) Identifying the speed-up first is important. The daily should be far extended from the 9EMA (20%+), and then it should have been holding dips on the 9EMA on the hourly for quite some time - then start speeding away from the 9EMA. (2) Identifying the true crack. Want a big pull through the 9EMA on the hourly, that shows a "character" change. From here should be able to short, and momentum should carry it down into a flush. ...

Have put some longer term positions on the coins, which are performing mediocre - and I don't really feel confident with them. But it's all about the exposure and can build from that. Continues to be the case that the setup I made all the money on isn't behaving - so happy to not even try and take that setup. There have been a couple, but have only worked when they are picture perfect - so would be a lot of scanning and patience for not too much. Arguably the risk that I force trading on not so perfect setups. So anyway have contributed 0.1BTC to Bitmex, which allows 100x leverage on bitcoin, and reasonable leverage on others. It is set-up like a futures exchange. Think this sort of trading will suit me well going forward. That being said, I will keep an eye on the alt coin market. I have yet to completely decide on a strategy that I wish to pursue. I want it to be short term oriented, while at the same time allowing for pyramiding to max size; which is something tha...