OM/USDT Trade Journal (2025-04-27)
On April 27, 2025 I entered a long trade on OM/USDT based on a breakout strategy. The price had been relatively stable (a Bollinger Band “squeeze” phase), and when OM broke above the upper volatility band I initiated the trade. I placed staggered buy orders (39.6 OM @ 0.5050 USDT and 58.8 OM @ 0.5100 USDT) to build a 98.4 OM position at an average price of ~0.508 USDT. This approach follows a typical Bollinger Band breakout tactic – traders often “buy when price crosses above an upper band” as a signal of bullish momentum. The market moved as anticipated, so I scaled out in two take-profit legs: sold 49.4 OM @ 0.5200 and 49.0 OM @ 0.5230. These exits locked in gains gradually (a common “scaling out” risk-management technique) while allowing participation in continued upside. After fees the trade closed with total proceeds of 51.31494 USDT on a cost of 49.98606 USDT, yielding a net profit of +1.32887 USDT (about +2.66%). Overall the trade was executed smoothly – the breakout strategy played out as expected, I captured modest profit, and the position was fully closed on target.
Notes
Strategy used: I used a Bollinger Band breakout approach. The bands indicate volatility and potential turning points, and a widening after a “squeeze” often precedes a breakout. In practice I entered when OM breached a short-term resistance (upper band) and anticipated continuation. I also employed scaling-out (partial profit-taking) – selling in chunks as price reached targets. This locks in gains and manages risk.
Emotions: I maintained a calm, disciplined mindset throughout. Initially I was cautiously optimistic as $OM broke out, sticking strictly to my plan. When the price reached TP1 I felt relief and regained confidence, which is a normal reaction after realizing profit. I reminded myself to stay level-headed – trading psychology experts note that journaling trades (including emotions) helps keep fear and greed in check. Because I had a clear plan and saw it play out, I avoided overconfidence or anxiety and simply executed the exit orders as intended.
Lessons learned: The trade was profitable but the margin was relatively small. Going forward, I should consider adjusting take-profit or stop levels dynamically if volatility or momentum increases. For example, advanced strategies suggest dynamically adjusting take-profit and stop-loss parameters based on market volatility. In future similar setups, I might set the second TP a bit higher or use a trailing stop to ride extended rallies; trailing stops protect gains if price continues rising. Also, I noted the impact of fees on a small trade; in low-volatility moves it may be worth trading larger size or tighter targets to keep net profit meaningful.
