Hi, it's rekt Johnster. How I got #REKT by a 100% bulletproof trading strategy ... in under 5 minutes... A "how to guide" for newbies & experts.

Converting our human energy just for income is wrong. I think there are major flaws in how the world ticks. 

This is the "how to guide" for newbies & experts on how to get:



Hi there, it's Johnster again... a more into depth introduction featuring recent events.  This is not going to be a whining story, I'm just sharing what happened. Empathy welcome, no need to feel pity, the universe will have it's roadmap for me. Unfortunately, it didn't send me a copy yet. 

There is so much wrong with the world today, banking on top of the list. 

I always researched to find a way to generate an income just to get the bills paid, in order to enable to do things in life the really DO matter. Like Biggy Smalls said: "Mo money, mo problems". I think it can be established without "money" as we know it, however not tomorrow... until then, I was happy to learn about BitCoin a few years ago. 

Live BIG (in a Tiny House :-)  and start to enjoy life, experience true happiness, gather knowledge, spread the knowledge, build stuff, grow food, travel, help out & volunteer where you can even if there is no money involved. 

Stop consuming large,and ruin the planet. THINK (sustainable) and ANALYZE, stop brainwashing yourself, take nothing for granted and do your due diligence. Stop believing everything the media is telling you, as soon the talking heads open their mouth, it's probably a lie anyway. 

Audit the FED... :-) (more on that later)

A big round of applause goes out for @dan & @ned for creating STEEMIT, it's THE platform I didn't know I was waiting for. 
You guys are 1000%  AWESOMENESS, and while being awesome, solving a great deal of issues other blockchains are dealing with. (More on that later as well.)

As a BitCoin miner, I realized in an early stage the hardware arming race and compete with the large mining farms was close to impossible. This was confirmed 100% at the point some major ASIC companies decided to S***** over their early customers, and to keep the latest and greatest ASIC chips on their own farm. You know who I'm talking about right? 

Mining went pretty serious at some point, but only stayed profitable for a few months:

To stay in BitCoin I had to leverage my efforts in a different way. 
- I've tried to sell goods and services for BTC. That didn't go anywhere. That was about 2 years ago, guess it was to early for mass BTC adoption, maybe today it still is. 
Now we have OpenBazaar, I might try again.

I heard somebody say recently: BTC already found it's killer application, it's digital gold and an awesome commodity as a trading instrument.

True to that! I know from experience. 

- Besides from offering goods & services, I tried my luck as a Trader. 

What a challenge, especially in the early days, where Tradingview wasn't around yet. What did we have for charting back then? Clarkmoody listing MtGox, that was about it if I remember correctly. 

I started study trading tutorials, watched a million YouTube videos and stayed persistent. I had to nail it. It paid off eventually. About 6 months ago I finished my own custom strategy in beta, today it's in v4.2... many improvements since then. 
In the following months, my account portfolio grew consistently. I won close to 100% of all trades, and the losses were neglectable.  

In the meantime, BTC price went up nicely by organic growth. 

I've never been a big fundamentals believer, I do the algorithmic stuff, and by the time the block reward halving was coming closer, I assumed that event was already priced in. I couldn't have been more wrong... 
BTC decided to rally in an awful way, slowly eating all my account margins. It went far beyond of what I had calculated to be safe... 

All this resulted in the decision to close my position. 95% of the account wiped out. It turned out the be the right decision, a 100% margin call was unavoidable and price indeed just went beyond my margin call price by just $10. Of course, we saw the correction drop shortly after... so low, that position would have closed in profit. WOULD HAVE... yes. 

So I scaled the whole thing down by tweaking settings and such. 
With the left few BTC, I wanted to make a comeback in baby steps. 
It worked, the account went up 75% in a few weeks. 

Then the BitFinex news broke... "we got hacked" & BTC dropped pretty hard, the strategy was short, it was the best trade in weeks. I took a decent profit, opened a smaller long assuming the news was already priced in again and we just bottomed. I felt secure and confident and went to walk the dog. 

The next hour, BTC dropped another $80 in 5 minutes.
BANG... I lost, this time, all of it, 100% gone. 

Just when you think things couldn't get any worse, my spouse, I was running "the strategy" for as well, lost the day-time job too. How are we going to support ourselfs. There is a social net, but many loops to take there as well. 
Income streams dried up completely. Life can be a bitch sometimes. 

The lessons I took away:
- Stay out of algorithmic Technical Analysis crypto trading surrounded by big (news) events.
- Hedge. If your portfolio is large enough to begin with, $20k or more, run a counter strategy that is able to hedge your positions. Spread across markets. I started with a much smaller sum of coins, although I have a great hedge method. On paper that is... 

For now...  I'm out. MIC DROP. 

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There is a difference between knowing your shit and knowing you're shit.

Take care: Johnster

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My previous posts:

https://steemit.com/introduceyourself/@johnster/johnster-here-nice-to-meet-you - general introducion

https://steemit.com/cute/@johnster/aha-caught-in-the-act-stealing-greater-than-we-just-had-an-illegal-visitor-cute - cute

https://steemit.com/politics/@johnster/is-hillary-rodham-clinton-physically-unfit-to-be-president-bizarre-behavior-caused-by-seizures - politics

https://steemit.com/eww/@johnster/moist-moist-moist-eww - Humor & FYI.