Posts

Showing posts from July, 2017

What To Do

Appears that my core setup that I used, and focused exclusively on has either stopped working, or isn't having a good number of clean setups show up. So need a new plan of attack. The opportunity is still here in this space, with massive ETH moves, and massive BTC moves. There is also still decent alt coin moves, they are just harder to day-trade(?). So what's the plan? For starters I need to expand my horizon. I have seen traders talking about cryptopia as being a great place for alts. And I need a broker to directly trade BTC/ETH against USD (bitfinex?). So I definitely need to get accounts open at these places. Secondly I need to decide: Do I want to long term trend trade some of the alt coins, or do I want to keep my time-frame short, focus on more liquid instruments and develop a playbook for them. Also, do I want to participate in flipping ICOs? Finally I need to pull together some motivation. I have pulled more money out of the coins than I have trading ...

Review: 03-07-2017

Bittrex Account Value:  2.4BTC. Withdrew 0.2BTC from here. Poloniex Account Value:  1.24BTC. PnL since last review:  -1.49BTC. Most of this comes from taking a big chunky stop on a nasty down move that never bounced. I definitely held it slightly too long though. It is slightly comforting to look at it now, and see that it's down even further. Big takeaway is with the slight slowdown in the alt space I need to be careful that I am buying washes and/or dips within the framework of the upmove. Because the froth is coming out, the opportunity is somewhat gone to scalp against a downtrend.