Closing my trades in Stormgain and cashing it out
This in connection to an article about ending my journey with stormgain.com for the time being as i still need to analyze further if its worth continuing or not, But definately to recommend it as a way to earn additional income, i wont recommend this anymore, The mere fact that you start with 50 usdt to start mining is not what person from the 3rd world can do. My goal with stormgain was to find a way for person to gain from nothing, as he has nothing to start with. My journey from nothing to something and stormgain.com helped me with it. Until recently, And sorry cant be done again.
Anyway this article is not about the journey but part of the journey, the closing and cashing out from my trade positions.
I have set TP for the 3 positions, TP at btc price of 71500, its march 27, 2024. I can wait for another day but just want to do a closing of a trade. It's getting late here and i dont want to lose the opportunity of the gain, We just hit 71 couple of hours ago and got rejected.
Also Stormgain.com doesnt have a trailing stop loss, unlike other phatform, that you can scale up, no TP but you have stop loss incase it drops, via a percentage. Coz it would be what i will be using when i sleep, you dont want to wake up that the price has moved 10% and dropped to trigger your stop loss, you want to gain from that move.
As of this writing the current price is 69something after being reject many times from the 70 range (in a 2hourly chart). 69 was when i decided to do some closing of trades and now and back here at 69.
Around 2 weeks ago when btc was hitting 73 was a good exit but that wasnt the scenario, i was hodling, which is the right thing to do, as this pull back is temporary, not until stormgain.com made a transition to close all open positions and do a 28day expiration period per trade.
This 69500 something for btc is showing good support, hope it will bouce, srsi is starting to touch the bottom.
While waiting for the bounce to hit my TP, im checking my getgrass earnings https://app.getgrass.io/register/?referralCode=cHRlofiSaHZhGQs and uprock earnings https://link.uprock.com/i/9b1d6558 I hope its still a good entry for you guys by the time you stumble upon this article.
Just in KUCOIN in trouble
US Government Indicts KuCoin on Criminal Charges
This article will be long if i dont stick on the closing of trade and cashing out. So i will continue tomorrow or when i hit my TP.
Day 2, took out the TP when i woke up since btc was still around 68. Then this evening btc pushed to 71600, i didnt close hoping to get a good higher price - call this greed and not sticking to the target, then btc dumped and now back at 68.
i will wait for a few hours and see if this will bounce, im running out of time until we hit the auto close.
Just for a $100 greed (71500 exit, hit 7600 greed kicked in) i lost a few $1000, btc back at 68 from 71.
Btc still at 68, i will active TP at 71500, if this doesnt trigger tomorrow or during my wake time, i have 1 more day to see if my own closing will be at a better price or just wait for a forced closed.
Day 3. Btc reached 71300 but didnt our target is 71500. Its at 70 so I dediced to close the 3 trades
Those are the 3 trades im closing before the forced closed at the end of this month.
After closing the trade, you will see that it has been credited in my stormgrain.com wallet, 200+ usdt in the loyalty programme after charging commision. Then we can convert this to btc by clicking on the convert icon on the top right side.
Once you click on the convert, it will show you the USDT to BTC conversion and commission.
After clicking on the "Exchange" button it will convert and credit the btc to to your btc wallet in stormgain
Now that we have in btc we can withdraw it to another wallet. Link here in transfering stormgain btc to another btc wallet.