Don't follow me, I'm lost 2 (or you have to make mistakes to learn, don't you?)

@jojof, @cryptovestor, @jesta, @tomshwom, I invite you to laugh with me (or laugh at me) as I engage in a titanic struggle to see if the rules and methods that serve me so well in the stock market can also be applied to the crypto market.

So far, not so much.

Before today I was pretty fat BTC and lean ETH. My small ETH postion was the only one profitable enough to be worthwhile running a stop/limit advancing daily.

I'd been getting pretty bored watching and waiting for cryptos to settle out. No doom and gloom in the charts and no thrills on the horizon either.

Then this afternoon I see ETH near a huge sell wall at 1200 and about to breakout to new satoshi highs above 10.5 MegaSAT, highest levels in about six months. Interesting.

I like buying on a breakout, so I placed a an incremental buy stop at 1212.12 to add to my ETH using USD. ETH was at 1199 when I started adding the order to my trading spreadsheet and 1206 when I got done. Sell wall did not evaporate, there was a large volume spike that just chewed through it in seconds. I think my buy stop may have been a good idea.

But the Satoshi level had not moved at all from 10.47ish MegSat. And I thunk, I've got too much BTC and not enough ETH so let's try using some BTC to buy ETH if ETH breaks out against BTC.

And this is where things did not go as well as planned. I thought about the pair relationship backwards and used a limit buy when I should have used a buy stop. Instead of hanging out there waiting for the breakout I theorized about, my order executed immediately and I got .2 ETH at .104610 BTC. I didn't want the ETH until it had traded above .10512, darn it.

In my book being early is the same as being wrong.

I suck as a trader. I want to be a buy and hold investor if the market will let me.

I don't know how long it will take for this little error to work out. Oh well. Live and learn or die trying.

Re: steemit, been here for about 2-3 months and have 9, count em 9!!!, followers. Some of them might be real people but I suspect most are bots.

I never blogged before. Not sure if I have much future in it. But about 9 days ago, for the first time in my 59 year life, I had a business idea. Not sure if I can construct a viable business model around it but the high of having this idea is driving me to try. And part of it may involve blogging, so the steemit idea of getting paid to create content now has a different appeal than originally. I never thought of myself as a content creator before and I just liked steemit because the idea of being able to reward a creator who created content I liked was cool.

I hope this was worth reading.

Regards and thanks,
Rick