[30 days of Cryptotrading] Day 25: I learned not to trade much at weekends

in trading •  7 years ago 

Just a few trades. Solid but sparse as I spent the day at the countryclub.

Now that I realized that weekends are more cruel with the alts, I'm taking lighter on them.

I only did one Trade in the retraction of a pump:
BTC-ION 28207 -> 28899 (+ 2.4%)

I'm still in the ADA HOLD (which will release her roadmap tomorrow) and DASH. Dash almost hit my take-profit target of 495,000 yesterday, got very close and came back ... I reset it to 490000 and we'll have to wait a little longer now.

I need to increase my BTC exposure now ... The steems are already paying dividends more regularly because of the posts, but as the BTC does not pay dividends (except the forks) it has to be actively traded to increase my exposure.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Are you increasing your btc exposure because of the upcoming fork?

Hey man, not really, on the last fork, i made more money holding other coins than trying to get dividends from the BTC fork. You can check my strategy here:
https://steemit.com/trading/@andre3301/30-day-cryptotrading-challenge-day-20-the-waiting
and here, the day after: https://steemit.com/trading/@andre3301/30-days-of-cryptotrading-challenge-day-21-post-fork

So, I believe hold Alts give more return. One good side of hold btc during the fork is simply having a no risk return. Thats why I balanced my options, hedging it on some BTC hold.
I predict the segwit2x fork gonna have a more impact on values, of BTC and on the altcoins tho.

My strategy is also very long term, buy and hold. Once in a while I do a little trading, but the big money is in the hold strategy!
I think you are absolutely right that the Segwit2x fork is going to have an impact on especially BTC.. I believe that it will pull some value out of BTC, how much, only time will tell. Hoping that it is not going to crash the alts!

Yeah, i'm primarily a hodler also, but I made this challenge to finally put myself in a good momentum to learn technical analysis. I've aways been a fundamental guy. Now, what I'm learning is helping a lot, especialy on the timing to do my trades, but even the strategy i'm using on this crypto daytrading is 3/4 fundamentalist.

I'm still developing my pump prediction *currently on version 45 of that strat and starting to have a better grasp... but who knows...

Good luck, wish you a lot of profits👍😁

Keep up the good work!

Thanks man!

Weekends are the worst to trade..!! cheers

Yeah! glad I learn that early enough!

I thought that Steem wasn't doing so well in the past few days. But your chart shows that it's outperforming BTC.

Thats really cool.

No, that means I'm realising a lot of BTC into STEEM and bringing it here

@resteem.bot
Resteemed to over 5600 followers and 100% upvoted. Thank you for using my service!

Send 0.100 Steem or 0.100 Steem Dollar and the URL in the memo to use the bot.
Read here how the bot from Berlin works.
@resteem.bot

This post has received a 30.0 % upvote from @boomerang thanks to: @andre3301

@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.

Loading...

Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 2.0% @minnowbooster upgoat, thanks to @andre3301
Want a boost? Minnowbooster's got your back!

This post has received a 7.67 % upvote from @buildawhale thanks to: @andre3301. Send at least 0.50 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.

To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness

Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
The @reblogger's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.

  ·  7 years ago Reveal Comment

This wonderful post has received a bellyrub 5.33 % upvote from @bellyrub.