MCO/BTC, TRIG/BTC

MCO/BTC (Paper Trade)

This is prolly the first day i've looked at cryptos other than the BTC/ETH/LTC and I've got to be careful since the smaller coins act slightly different.. This looks good at the 24kish mark.

Aaaaand exit just above 26k.. might revisit if it hits 24k again..

TRIG on 1hr chart has similar pattern as MCO on 5min chart..
Nom nom nom cloud... rebuy the bottom of cloud 24.4kish and sell just below the top of cloud around <26kish.. very speculative/quick scalp.. I wouldn't do this in real life..

* Update 2hrs later.. MCO did hit the top of the cloud and eventuall through it to 27k most likely a false breakout but enough.. i'm going to sleep.

TRIG/BTC

Trig's bounce off support was beautiful with volume at 14.5kish to hitting 19k.  It had a weird looking support at 16ish and flagged funny with bids popping in to support the 17k.  I got the 17k speculative scalp and set the sell just under 18k--5%ish.  This breaks the most recent 1h downtrend if I remember but will be ranging until volume or a catalyst pops in.

* Normally, I wouldn't scalp that but it's a small size and I did it so that I can find out how to efficiently put orders in on the bittrex website.. I gotta be careful though cuz it wasn't an ideal setup and that usually vaults me into overtrading like an idiot.

Weekly Review

Trading Pairs in Crypto

Gonna try to learn pairs trading in Crypto again with some new insight from a childhood buddy of mine.

Main obstacles I can think of right now:

1)  Thinking in the base pair's currency vs USDT
    - I never really gave it that much effort in the past to begin with, I think i'll get the hang of it after two weeks.

2)  Haven't daytraded in months.. I have to make sure to focus on setting up the trades correctly prior to trading and not just jump in just the mere fact that the crypto sector is in a huge bull run.

Minor obstacles:

1)  Sooo many plays, have to prevent myself from scalping and overtrading.

2)  Getting used to a whole different set of tools/scanners than stocks.  Two weeks and i'll get the hang of it.

Things to apply in Crypto:

1)  Visualize the trade prior to the trade.  This is something that I had been planning but haven't had the chance to apply yet.

2)  Utilize setting hard stops / hard profit targets until I finish working on replacing my bad habits which gets me out of my objective state of mind.



No Stock Trading til December

Daytrading stocks is going to be put on hold but the studies goes on.




Habits Update

Been really good in applying:

1)  Doing the most important task in the beginning of the day
2)  Seinfeld's X's
3)  Never miss than 2 days in a row

The biggest boo boo for the week is that I was consistent during days of work but my routine crashed once my off days hit.  I try to fit my schedule in with Thi's and it fails miserably throwing me off,  imma tweak it a bit next week and see if i can find something better.

Marks for the week:
Need to work consistency with 5min daily journaling
Need to work on reading pages of actual books and not just articles of the intended topics
Need to work on studying off the actual challenge material and not just general stocks/cryptos