Technical setup indicating the 200sma close will help push the price higher over the coming days. 4hr trend giving key clue on whats going to happen next. #BAFT Conference will bring a massive amount of money rolling through.
Made back 85% of my losses on the move from .00003800's to .00004645's.
I feel so blessed to have made back almost all my losses. Never again will I trade margin with such large percentages. GLTA & be smart
Trade geschlossen: Stop wurde erreicht
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Getting that toppy feeling up here as Poloniex is having difficulties with their website and this massive move up from the low 25's is not sustainable. Watch-out for a big red candle next week.
@gson, Ya I sold the vast majority of my position, i'm still holding a few thousand shares for the long haul.
rhb_3000
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How you get margin called by longing?
AaronX
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@rhb_3000, By not having FAITH... all I had to do was believe
rhb_3000
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@AaronX, all good lessons learned..plenty more opportunities to come! Great charts btw!
AaronX
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@rhb_3000, Thanks, felt like I had to get this video out there to help any new traders avoid the same mistake I made.
Soulanti
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@AaronX, Love the chart, I think you did a great job, a lot of other kinds of charts supported the breakout. But I'm trying to understand what happened? Were you trying to short on margin on a pullback you thought was coming up, before the pump upwards?
AaronX
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@Soulanti, precisely, I thought it was going to pull back after the move from .000024 to .000035 near the .00002800 range but it never retraced that far and I accidently let the margin roll back against me and I got stuck after It really started to rip upwards and that BIG red MARGIN CALL sign popped up on my computer.
Soulanti
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@AaronX, I see, thanks for the explanation. I'm sorry you got caught in that! I hope you can get back in trading. I noticed the pullbacks can be a bit tricky and unpredictable, but the trend upwards tend to be more accurate, and can be confirmed multiple times through multiple chart theories. I noticed a lot of the alt coins seem to be falling into fractal type pump patterns.