Asset Revival! With BTCFX, cashing out at the right time increases your assets!
Hello everyone, Это winning-distance trading! My assets have recovered and I’m excited@xi10jun1about it.
Bitcoin, which had been rising, after a big drop is showing high volatility as it nears 500,000 yen again due to a bounceback.
This week the asset increase came from the initial drop in selling.
※As with last time, there is an important notice for readers who are paying subscribers, so please read further down.
※This column is designed so half of it is free to read, a heart of a conscience, of course. If you read the paid portion (updated weekly for 400 yen per month, so about 80–100 yen per column), it would be a huge encouragement!
This week’s results (August 18–August 24, 2017)
First, as usual, the results. I’ll present the gains and losses first.
- Last week (until August 17, 2017) assets: 115,148 yen
- This week (until August 24, 2017) assets: 117,265 yen
- Change: +2,117 yen
Yesss! Asset recovery! Almost 120,000 yen!
However, the number of trades has dropped drastically, so I need to increase it a bit more.
Actually I’m working as a volunteer staff at the bloggers’ festival “Bloggers Festival,” and I’m in a somewhat upper management position. Starting this week I’ve opened the recruitment page and am moving various components behind the scenes, so I haven’t had time to attend to this here….
If you’re interested, please come by ( ^ω^ )→2017 Bloggers Festival [Tokyo September 30 (Saturday)] #BloggerFest2017
So, for this week's column, I’ll write about "winning and exiting."
BTCFX short-term trading is sweet when you win and exit
Not just limited to BTCFX, but I think winning by exiting is actually a difficult act in investing.
Because when you’re making money, ideas of further profit pop up one after another. “Huh? Isn’t that great!” you think for a moment, right? But there’s nothing more dangerous than this.
Whether in stocks or FX, there are moments when the timing of a position or its settlement feels right, doesn’t it?
In those moments, even if you look at the chart, it seems like you’ll make money no matter what. “If I take a position here, I’ll profit.” “This is the place to close.” The images keep coming.
But have you ever traded and gotten a good result in those moments? Usually you misread the market, and you end up getting hurt. Am I the only one?
The good phase is only the instant of that position or settlement, but you mistake that for a general trend, causing unnecessary losses in later trades. This is a habit that’s hard to quit.
So in my own trading, deciding “I won today! I won’t trade anymore” — that is, being able to exit with a win — is actually necessary to grow assets.
Free summary: With BTCFX, guard yourself when you can really take a big profit
When you’ve earned tens of thousands of yen, you’re tempted to think “I can go further” or “Let me try a position…,” leading to unnecessary trades.
If you can’t hold back, the trick is to enter with the minimum position, or otherwise minimize the profit as much as possible.
Now for this paid column, I will continue this week to analyze future price movements with emphasis.
Regarding paid column access
Recently fx-on sent notice about possible leakage of personal information due to unauthorized access. As a result, credit card payments may be unavailable, which could prevent access to the paid portion of the column.
Therefore, for paid subscribers who use credit cards, we would appreciate it if you could purchase via convenience store payment or bank transfer.
Thank you for your understanding.
Endnote 1: Shopping with Bitcoin!
In fact, on the overseas e-commerce site “FANCY,” you can purchase items with Bitcoin! It may incur some shipping, but there are stylish items you won't find in Japan!
I’ve summarized how to use FANCY on this blog, so please refer to that.
- →Guide to creating a FANCY account, registration, settings, and the process of purchasing products | Yutori-sei no tokkyo investor jun
- →How to buy (pay for) FANCY items with Bitcoin | Yutori-sei no tokkyo investor jun
Endnote 2: How to do tax filing for Bitcoin margin trading (BTCFX)
BTCFX earnings must be reported for tax purposes! I’ve written a blog post after confirming with the tax office, so please refer to it.
Note that even tax offices and tax accountants may have differing opinions. Also laws may change, influencing the method of filing. Before filing, be sure to confirm with your nearest tax office or tax professional.
Note that the free portion ends here. The rest covers detailed analysis and future outlook, so this will be paid content. If you want to read more, of course, or if you’d like to support me with a tip, I’d be very grateful! Thank you for your continued support!
