Hey not even sure how to start this off but I began trading BTC since Dec 2019. I mainly trade BTC perpetual swaps and a leveraged negative correlated BEARUSDT token.
I have been learning how to track my performance in excel, I'm still pretty basic at it mainly tracking my cumulative returns and total equity growth. Surprisingly I have been growing steady. But my issue is even though i have been growing I don't know my edge and why i have been growing. It seems to me too good to be true and I don't know how to improve my results. I feel like im waiting for an inevitable huge loss for the past 5 months.
I will describe my trading method please tell me if there is any flaws you see or things i can improve or if really have an edge. I won't get into market conditions in terms of average price action in a range % or average volatile price % movements.
BTC/BEAR move in negative correlated price action to each other. Usually nowadays the market has huge pumps or dumps followed by a ranging market. I usually trade in the 5 min and overview on 4hr, 1 day. both portfolios for BTC/BEAR are equal in terms of equity balance I charted out levels of importance on the 4hr and 5mins, creating a ranged space on 5min in between the pumps or dumps. I day trade both BTC/BEAR in these ranges. I have only have 1 indicator coupled with the charted levels that is Liquidation longs and shorts. Displays in millions in barchart format the liquidation levels. When large liquidations occur in the 5min range i take the opposite position. The flaw for me is the breakouts can kill the micro profits made range trading on the 5 min. So average up or down. I trade with small amount of capital for the 5 min ranges then with huge breakouts coupled with massive liquidations (average lately 20-40mill liquidated) I top up on the position i took by adding 3x more e.g trade with 100$ in range, breakout top up 300$ on the high of new range and huge liquid event now im back near the top of new range if breaks out again top up 600$ vice versa until i gain average range %.
The mentality for me is that i dont know truly where the market will go so i range trade until it breaks out average out my price and continue to trade i exit at a healthy profit (average 1-3% depend market conditions) and reset to 100$ and range until a new breakout occurs.
I havent lost a single trade doing this yet but i don't understand why i havent felt any lose and just average small gains accumulated through my 5 months. I know the flaw is needing to top up more and higher risk as i add more equity so i always make sure to be liquid in my set up now i can be wrong 3-5 times in a row with huge spikes and still gain a profit in the range.
I feel lonely to be honest nobody i know is interested in trading and my friends seem bored when i even talk about it as it doesnt really click with them. I'd really like to meet real experienced traders and be friends and discuss. I don't know if im doing it right or what i should be fixing or if i even have an edge.
I found this place online seems better than reddit.
I have been learning how to track my performance in excel, I'm still pretty basic at it mainly tracking my cumulative returns and total equity growth. Surprisingly I have been growing steady. But my issue is even though i have been growing I don't know my edge and why i have been growing. It seems to me too good to be true and I don't know how to improve my results. I feel like im waiting for an inevitable huge loss for the past 5 months.
I will describe my trading method please tell me if there is any flaws you see or things i can improve or if really have an edge. I won't get into market conditions in terms of average price action in a range % or average volatile price % movements.
BTC/BEAR move in negative correlated price action to each other. Usually nowadays the market has huge pumps or dumps followed by a ranging market. I usually trade in the 5 min and overview on 4hr, 1 day. both portfolios for BTC/BEAR are equal in terms of equity balance I charted out levels of importance on the 4hr and 5mins, creating a ranged space on 5min in between the pumps or dumps. I day trade both BTC/BEAR in these ranges. I have only have 1 indicator coupled with the charted levels that is Liquidation longs and shorts. Displays in millions in barchart format the liquidation levels. When large liquidations occur in the 5min range i take the opposite position. The flaw for me is the breakouts can kill the micro profits made range trading on the 5 min. So average up or down. I trade with small amount of capital for the 5 min ranges then with huge breakouts coupled with massive liquidations (average lately 20-40mill liquidated) I top up on the position i took by adding 3x more e.g trade with 100$ in range, breakout top up 300$ on the high of new range and huge liquid event now im back near the top of new range if breaks out again top up 600$ vice versa until i gain average range %.
The mentality for me is that i dont know truly where the market will go so i range trade until it breaks out average out my price and continue to trade i exit at a healthy profit (average 1-3% depend market conditions) and reset to 100$ and range until a new breakout occurs.
I havent lost a single trade doing this yet but i don't understand why i havent felt any lose and just average small gains accumulated through my 5 months. I know the flaw is needing to top up more and higher risk as i add more equity so i always make sure to be liquid in my set up now i can be wrong 3-5 times in a row with huge spikes and still gain a profit in the range.
I feel lonely to be honest nobody i know is interested in trading and my friends seem bored when i even talk about it as it doesnt really click with them. I'd really like to meet real experienced traders and be friends and discuss. I don't know if im doing it right or what i should be fixing or if i even have an edge.
I found this place online seems better than reddit.
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but these positions last max 2 days usually.