04 Screen Shots 2


Day 8 ~ 2012 02 13

the price fell as low as $5.20 which meant that some lower than base price limit buy orders got filled 60 @ $5.24 & 20 @ $5.18 
so the position is now long with 180 BTC & this brings the base price down to $5.374 & gives a Zhoutong price of $3.5933 
which I'd like to get down to under $3 so shall lend some more BTC for this

the formulae for calculating the ZT price is:

entry field 1: Long / Short
entry field 2: Current Bid (changes to Ask if you've entered Short)
entry field 3: Net Value
entry field 4: Maintenance
entry field 5: Amount
entry field 6: BTC Balance

The calc then does the formulae:

F1 = Long
F2 - (F3 - F4) / (F5 + F6) = ZT

F1 = Short
F2 + (F3 - F4) / (F5 - F6) = ZT


P/L now -$24.20


another 100 BTC lent for a total now of 200 BTC which reduces the ZT price down to a hopefully healthy $2.648
& the price has also risen to give a present P/L of +$11.31

Day 9 ~ 2012 02 14

...well that didn't last long & now Bitcoinica have arbitrarily & out of the blue, introduced a 20% annual tax on BTC long positions


 P/L now -$100.89 & -$0.55

100 BTC worth of additional limit buy orders filled, 40 @ $5.10 & 60 @ $4.95 
so now total 280 long with a base price of $5.24 & a ZT price of $3.1821
I think that I better loan another 100 BTC 


additional 100 BTC lent, total lent now 300 BTC
limit buy order placed for 20 BTC @ $4.80
ZT price now $2.634

P/L now -$121.49 & -$0.58


well that didn't take long
total longs now 300 Btc @ $5.21 base price & with a ZT price of $2.711

P/L now -$153.47 & -$0.61   



crazy volatility


P/L now -$217.09 & -$0.61 :(


added some limit sell orders @ between $7.72 & $7.77 to liquidate position hopefully in the future sometime
edit: 2012 02 24 - cancelled these & reinstated lower ones

P/L now -$250.66 & -$1.00  ZOMG

Day 10 ~ 2012 02 15


since we started on 2012 02 06, the BTC price has fallen 18% or $1 from $5.67 to $4.67 approx. with a high of $6.00 & a low of $4.20
which was a greater than 20% fall, technically a crash iow, great timing  - go me!

Day 11 ~ 2012 02 16


P/L now -$300.05 & -$1.75  


bad, bad bears  



P/L now -$379.15 & -$1.75


& how it should be, see red arrow...




tomorrow is another day, charts C/O waveaddict's newsletter that I've just signed up for & could do with some chartologie atm

Day 12 ~ 2012 02 17

yey, Zhoutong has gifted Hannah a $1 introductory bonus ftw, we need all the help we can get atm

P/L -$262.96 & -$3.19  = -$266.15

Day 13 ~ 2012 02 18
Day 14 ~ 2012 02 19
Day 15 ~ 2012 02 20

& now we have to verify accounts at Bitcoinica, hmmm
P/L -$247.71 & -$5.03  = -$252.74

Day 16 ~ 2012 02 21
Day 17 ~ 2012 02 22

P/L -$238.32 & -$6.57  = -$244.89

Day 18 ~ 2012 02 23

P/L -$128.53 & -$6.92  = -$135.45


P/L -$31.89 & -$7.23  = -$39.12

Day 19 ~ 2012 02 24
assuming that the price will continue to rise to between 5.6 - 5.8 before correcting, so have left sell limit orders between 5.46 - 5.60 for all of the 300 BTC long position
also some buy limit orders between 4.80 - 4.95 for 200 BTC in case we can pick some more longs up &
sell limit orders between 5.7 - 5.8 for 100 BTC to go short if we reach that high

P/L -$96.39 & -$7.69  = -$104.08

went long another 120 BTC @ $5 for a total now of 420 with a base price of $5.152 
added more buy limit orders between 4.96 - 4.99 for 80 BTC
put in buy stops between 5.96 - 6.00 for 100 BTC to limit any losses on short position, by closing it out, if it gets opened & the price continues to rise after that

filled buy orders: 80 @ $4.97 & 50 @ $4.95 & 50 @ $4.90 for a total now of 600 long with a base price of $5.0894 & a ZT price of $3.578

left additional sell limit orders between 5.31 - 5.45 for the 300 extra long now which added to previous will close out the current long position between 5.31 & 5.60 (Bitcoinica sell prices)

P/L -$129.63 & -$8.06  = -$137.69

Day 20 ~ 2012 02 25

filled buy ores: 50 @ $4.82 & 50 @ $4.80 for a total long now of 750 (the extra 50 where from?) with a base price of $5.0335 & ZT price of $3.747 (rather high)

left additional sell limit orders between 5.235 - 5.30 for the additional 150 extra longs, which added to previous will close out the long position between 5.235 & 5.60 (Bitcoinica sell price)

P/L -$246.36 & -$9.76  = -$256.12

Day 21 ~ 2012 02 26

added a script to show the ZT price (Liq. price) $3.749 - still too high for comfort 
messaged Bitcoinica re the extra 50 BTC long - how come?

P/L -$62.17 & -$11.43  = -$73.60

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