SteadCompound #1 Newsletter: Week 23.10.23 - 29.10.23

Welcome to SteadyCompound 1st Newsletter,

A few notes about my approach to nowadays trading
- I am a retired trader (2008-2018). I day-traded high frequency time-frame across Stock (2008), Bond Futures (2010), Forex / Gold (2012), Commodity e.g. Brent, Gas (2015) and Crypto (2017)
- I turned start-up cofounder (2020) and recently gained financial freedom (2023), which define my approach to now "trading as a hobby": refrain from over-trade and opt for high probability trade only with high R/R, clear indicators and peace of mind
- My goal is to steadily compound wealth and accumulate Bitcoin long-term

Trade Ideas for Week 23.10.23 - 29.10.23

1. Range has been stable for 6 months within BTCUSDT 25K - 31K territory so we can exit our long at high 30k - low 31K
2. Taking Short Position at high 31K e.g $31600 is our SC "SteadyCompound" trade:
- short into the down trend / RSI oversold +75 / year-high 31K resistant / low volume spike for 2.7 R/R ratio, targeting above 27K
- hard-stop of 5% at right above 33K e.g $33113 (there is another resistant range at 31K - 33K formed during 2021-2022 which possibly allow us to scratch / take small loss on our short position)

#steadycompound #financialfreedom #tradingstrategy #systematic #bitcoin