The answer depends on how much volume you are willing to trade. For example, if you are selling at 4 pips on a daily basis, then you might buy a 50% move and sell a 30% move, assuming all your other movements are correct.
For this tutorial, which is part one in my article series on daily trading for Bitcoin traders, I plan on using a 100% moving average. However there are other ways to calculate the move: You can use a simple price moving average to determine your final move on a move. The most efficient trading software such as iTrader will automatically calculate the move based on your price moving average.
Now before we get started, I want to point out that if you really believe in a move, I can’t make you ignore buying and selling it too heavily. I can recommend that you hold your positions in longer positions for maximum profit. I can’t guarantee that you will get a 50% move, but it’s far better to lose 20% than gain 50%, so don’t waste all of your gains!
The move for the first couple of days was a 50% move, but as I started making big profits, a 70% move started to make sense. This is probably the biggest reason that you should keep placing the first few positions in larger positions. Once you know the first 50% move, you can adjust your position so you don’t make a move that will be in line with it. You will have to make a decision whether or not to open and close all your positions and trade in a continuous fashion.
The next step in the trade strategy for the first week was trading at 200% on this move, so I set up an 8:00 pips market on BitcoinTalk. During this time, I traded the move every 15 minutes, which was pretty much exactly the same as I would do every trading session.
The next trading session was all about making sure I had enough volume to get the next big move in order to continue profit making. Since I did not want to get locked behind that 50% move, I bought some Bitcoins and immediately set up a buy position at $150. This was a good stop loss because if the market hit $200 or so, I would still have enough to sell and profit from selling that low.
On Wednesday, I went on a trading spree. For this session, I sold 10,000 Bitcoins worth of Bitcoins from $100/BTC to $150/BTC at the same time
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