Crypto Tradingplan

Strategic plan

What am I interested and why: Demonstrate and convince myself how simple a working trading plan can be created and executed. I want to own a great amount of different altcoins.

Are the given risks appropriate considering your personal profile? Yes

Tactical plan

• Market: Bittrex - Altcoin Trading

• Capital outlay: 1 btc or 0.05 max risk per trade (adjusted as account grows)

• Risk parameter: 5% of portfolio’s value per trade

• Risk adherence: Entire capital invested is considered risk capital.

• Time frame reference:Weekly and Daily charts to identify trade locations. 1hr chart for entry

• Setups used:
Buying against old lows
Buying RLZ
Stinks bids in case of candlestick tails (nibble tactic)

• Conditional Orders:
Do not buy up markets
Sell half on double
Wait for price to come down

• Additional considerations:

Profits are going to be reinvested under the plan’s conditions.
I understand the risk associated with Bittrex, have side accounts open on Polo and Ccex in case of delisting