Urbanmove

BTC STOPPED OUT

KRAKEN:XBTUSD   XBT / USD
BTC             HAD SOME WEAKNESS. IT MAY RECOVER JUST FINE, BUT STOPPED OUT FOR NOW. WILL RE ENTER IF THE OPPORTUNITY ARISES. WILL UPDATE.
Wallstreet's mission is to shake out all the stops. If you want to beat their game, either don't use hard stops, or use a stop-and-reversal strategy to confuse the algos. They are pros at pulling out all the stops. For Bitcoin, the magincal stop and revesal number is somewhere between 8% and 12%. Reverse the trade if it falls more than 8%. Then it is likely to fall 15% and you would have revered 90% of your losses and can get back in with a lower basis.
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Urbanmove josephtse
@josephtse, well I could see how that may work. But I actually had gains here. Not losses. The stop loss worked as it should. I am pro btw. Been trading Globex futures for over 15 years. I use the stops. I think they do what they should. Know your risk. I avoided a 500 point sell off and just re-entered at 10720. What lead you to believe there are losses here?
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