Friday, 1 July 2016
TEST YOUR THEORETICAL TRADING SKILLS WITH THIS QUIZ
If i bought 100 ethers at at 1.8million satoshis, with the hope of making a profit. But i decided to take a 5% loss using the sell stop limit. 3 hrs later, i checked the market and discovered my stop limit has been filled and the price of ether is now 0.014 btc. I know decide to set a 10% buy stop limt.
I check few hours later and the price of ether is at 0.0175.
Q1. How many bitcoin did i start with initially?
Q2. How many bitcoins did i have after the sell stop limit had been filled?
Q3 At what price did i enter the market again?
Q4 How many ethers did i have after opening the new position?
Q5 If i decide to sell at the current price. How many bitcoin will i now have?
I am expecting your answers
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Dude. This question really requires critical analysis oo. No time to decode sha. Thanks to you, I have begun trading. Though am making cool but little profits. What are your recommended coins for this week? And how many diff alt coins to you buy usually? upto 4 or 5 at once?
ReplyDeleteCheck out the 1st 20 coins in terms of volume.
DeleteI usually buy 2 or 3 healthy coins
q1. 1.8 btc
ReplyDeleteq2. 1.71 btc
q3 0.0154 btc
q4 and q5 is a little bit ambiguous but i will assume that you used all the 1.71 btc to buy ether at the new stop price of 0.0154 btc /ether so..
q4. 111.4 ethers
q5. 1.94 btc
Keep up the nice work here..
You are absolutly correct. It seems you have been into trading for quite a while.
DeleteAssuming no charges
ReplyDeleteq1= You started with 1.8BTC
q2= after d sell stop limit your BTC drop to 1.71
q3 = you entered the market a second time at 0.0154BTC per ETH
q4= the qty of ETH bght at dah price was 111.04
Q5= if you sold out at the new price of 0.0175, you'd aquire 1.94BTC approximately.
you lost yet still managed a good profit in the end nice one...
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