Review: 14-06-2017
Account Value: 2.74BTC
PnL: +0.14BTC
Missed quite a few opportunities today because I was holding PKB. Definitely a good lesson there - this is especially the case while I'm still small enough that I can execute on these "grinder" type plays. However, I am quite happy with how I ended up closing out the PKB trade.
Took a couple of trades today but because of aforementioned problem with PKB didn't have much size on them anyway.
In terms of pnl:
- Lost a little bit from PKB. ZEC trend trade paid out roughly 0.12BTC.
- Made about 0.04BTC from SWFT and QRL (these the ones I would have crushed if it weren't for PKB).
- About 0.01BTC from DGB (but this was a scalable trade so it's okay).
All-in-all I think I could have easily pulled in around 0.3BTC ++ (maybe even up to 1BTC depending on fills) but am happy with the lessons I learned.
Lessons:
(1) Need to have minimal withdrawals until my textbook play: "Buy washout on big percentage gainer" is around 25% of equity. This will avoid a situation like PKB where I can't take other positions.
(2) I'm still small enough to focus on grinder type plays.
PKB: The big issue I was having with PKB was that I wouldn't be able to liquidate the position safely if it took a decent downmove, but flipside - it probably wouldn't offer the best opportunity to get back in. Here is where I am really happy with what I did. I lowered my position size slightly by hitting the bid, but the guy kept refreshing when I hit him, so I decided if it hadn't moved up by the time I woke up (about 4 hours later) I would liquidate the rest. And that's what I did - was some nice liquidity to take advantage of as well.
Can see from the chart that it's just fucking nasty...
However, in short I was too directionally invested...
ZEC: Nice trend simply continues. ATH as well. I had a bid in which narrowly missed to catch the dip from 16 to 14 (bidding 1426), low was 1437. Really happy with this though as it's exactly the right mindset.
It will hurt, but will hold this trade until a "reason2sell" emerges. That is to say, when it breaks below the previous days low.
Will continue to focus on catching this one on dips though, be good to lock in some risk.
QRL: There was so much opportunity on this. Think it offered 3-6 tradeable washes or so, I actually made a note that the m30 doesn't even catch all the washes. I managed to catch one with small size... Soooo yeah... Very good lesson from this.
SWIFT: Again, sooo many opportunities here and I caught one with tiny size...
DGB: Just a grinder type trade. I do think this will have a bit more of a bounce, but not worth sinking teeth into when my buying power is limited (lesson from today). I scooped the recent wash into the 12s, and sold all into 1250.
LMC: Recently initiated trade. Scooped a little in the 11s, add into the 10s, sell pop to 12s. Quite illiquid, so care required.
PnL: +0.14BTC
Missed quite a few opportunities today because I was holding PKB. Definitely a good lesson there - this is especially the case while I'm still small enough that I can execute on these "grinder" type plays. However, I am quite happy with how I ended up closing out the PKB trade.
Took a couple of trades today but because of aforementioned problem with PKB didn't have much size on them anyway.
In terms of pnl:
- Lost a little bit from PKB. ZEC trend trade paid out roughly 0.12BTC.
- Made about 0.04BTC from SWFT and QRL (these the ones I would have crushed if it weren't for PKB).
- About 0.01BTC from DGB (but this was a scalable trade so it's okay).
All-in-all I think I could have easily pulled in around 0.3BTC ++ (maybe even up to 1BTC depending on fills) but am happy with the lessons I learned.
Lessons:
(1) Need to have minimal withdrawals until my textbook play: "Buy washout on big percentage gainer" is around 25% of equity. This will avoid a situation like PKB where I can't take other positions.
(2) I'm still small enough to focus on grinder type plays.
PKB: The big issue I was having with PKB was that I wouldn't be able to liquidate the position safely if it took a decent downmove, but flipside - it probably wouldn't offer the best opportunity to get back in. Here is where I am really happy with what I did. I lowered my position size slightly by hitting the bid, but the guy kept refreshing when I hit him, so I decided if it hadn't moved up by the time I woke up (about 4 hours later) I would liquidate the rest. And that's what I did - was some nice liquidity to take advantage of as well.
Can see from the chart that it's just fucking nasty...
However, in short I was too directionally invested...
ZEC: Nice trend simply continues. ATH as well. I had a bid in which narrowly missed to catch the dip from 16 to 14 (bidding 1426), low was 1437. Really happy with this though as it's exactly the right mindset.
It will hurt, but will hold this trade until a "reason2sell" emerges. That is to say, when it breaks below the previous days low.
Will continue to focus on catching this one on dips though, be good to lock in some risk.
QRL: There was so much opportunity on this. Think it offered 3-6 tradeable washes or so, I actually made a note that the m30 doesn't even catch all the washes. I managed to catch one with small size... Soooo yeah... Very good lesson from this.
SWIFT: Again, sooo many opportunities here and I caught one with tiny size...
DGB: Just a grinder type trade. I do think this will have a bit more of a bounce, but not worth sinking teeth into when my buying power is limited (lesson from today). I scooped the recent wash into the 12s, and sold all into 1250.
LMC: Recently initiated trade. Scooped a little in the 11s, add into the 10s, sell pop to 12s. Quite illiquid, so care required.
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