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RE: Its hard to keep up with all these awesome trades

in #trading7 years ago

This is beautiful! So anxious to get trading, (need my updated ID since I recently moved and need to verify residence and the DMV takes 10 biz day to send it ugh).

So in the meantime I have been tracking charts with alerts like crazy and writing "paper" trades just to kind of get a feel for where I would have bought and sold......

Anyway most of my paper trades I'm still waiting for the bounce as I put these through early in the day yesterday, I'm not worried about whether the bounce will come for them but learned the valuable lesson already of kind of waiting a bit when these big panics seem to be happening and to layer in better. I know these are fake trades but I did set myself a budget to go by to make it as authentic as possible for now.

I set some alerts to places where I would of spent the remaining budget I had on some of these charts, and lol man the price dropped on a few of these to like right above where my alert was set and where theoretically I would of had an order ready. Had I had the order there would of woken up to the price being back up and would of made some decent profit...oh well second lesson learned to use more alerts, especially when close to a price you really want to buy in.

Quick question and I think you've answered this with looking at the comments you have for the above trades, but can you set an order and then have it set to sell at a higher price, so in situations where you get a sweet crack to a price you want when you're sleeping and get the order that you can also sell if it spikes too while your asleep. I gather thats not possible but figured I would ask anyway, if it was I'm sure you wouldn't be up all night.

With following you just this past week my knowledge about this has skyrocketed and along with it my confidence to actually do it as its all starting to somewhat come together and if following your strategy would be hard to lose money, as there always seems to be a bounce, seems to just be a matter of time.

Again thanks for all of this!

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I think your asking about an "what if" order or a special instruction order.. I only have seen a few brokers in the stock market with those functions.. But not anything like that in Cryptos yet.. But basically you would write an order in ninja trader, that follows a script, and if your buy order fills durring the night the platform would automatically write a sell at your set higher price.. .. but we dont have that.. all we can do is make sure we get an alert when we buy and then get up and write in a sell order.. I had 59 orders execute yesterday and last night.. wow im busy when the market pulls back

Thanks for the response. It will be nice if one day we have a function set up like that. Until then we burn the midnight oil lol.

I believe I can script ANYTHING in NinjaTrader. It's been my preferred platform for years to view and create my own little custom scripts.

Eventually, I'd love to be able to trade cryptos in NInja!

I used ninja trader for a few weeks when I was trading some futures.. Bu that was 4years ago.. i just remember that I loved the dome