Plundering the Coins

Bittrex Account Value:  7.45BTC. Poloniex Account Value:  1.08BTC. PnL:  +0.93BTC. Note: Quite lucky with timing of review as the one I am balls deep in (FLDC) had a big recovery rally in the last hour. Since last review bittrex account peaked at roughly 8 and bottomed at 5. So massive, massive lesson... When a coin goes absolutely mental, I need to check if it's listed on multiple exchanges. In this case FLDC was really liquid on poloniex, so I was incorrectly trading it based off bittrex's price action (which had a flash spike). Need to bear this in my for future trading, as the price action on each exchange was vastly different. Pretty cool that, it's takes a literal error in judgement to nearly get me to take a loss on my strategy. Anyway was about to take the loss, but risk-reward made sense to hold on (since prices were now aligned between exchanges). Other thing was that it was literally nearing on float rotation. Note: Didn't get a chance to withd...

Bittrex Account Value:  6.58BTC. Poloniex Account Value:  1.02BTC. PnL:  +3.63BTC. Got a little reckless with sizing, especially given was a directional trade - this shows in the pnl because the trade worked out. However, there were also some excellent scalps that I was able to get good size on. Point being I need to be careful not to get too reckless given success. Am well due for a decent drawdown. On this note, am currently pulling out 1BTC. Not because I want to, but I feel I need to, and that it's prudent. Opening up the poloniex account has been interesting; but am somewhat disappointed. I thought I would be able to trade on leverage against the USDTs, so while the shorting option is great. It's not quite what I was hoping. PnL: CANN: +0.86. DOPE: +2.07. FAIR: +0.087. GEO: +0.377. THC: +0.515. Definitely worth making the observation that I went balls deep recklessly on DOPE, yet I still made nearly as much on CANN. Oh and t...

Title:  Low Float Sympathy Play Strategy Description:  This is adapted from sympathy plays on stocks, but it played out literally to perfection this time... So I would say it transitions pretty well. Situation is that there is a coin that is going mental, talking 200%+. This coin can be considered the leader; and up for various reasons. Looking for coins that have similar qualities. In this case CANN (CannabisCoin) was the leader. CANN was already up roughly 100-200% but then volume started pouring into it like crazy and it went from up 200% to up 400-800%. Note the times, DOPE had already reacted a little bit to the CANN move, but the secondary move started after the CANN one. One thing I don't like about this play is that DOPE had roughly 50-100BTC volume at the time I was initiating a position; so going to be very difficult to liquidate if it doesn't work out. Side note: All the marijuana coins moved off this move, not just DOPE. So it may be worth creating a "r...

Title:  Bull Flag Above Previous High Breakout Strategy Description:  Often it can be risky to buy breakouts, especially when there is no clean consolidation below the level. As such I usually avoid buying breakouts; as I tend to get too much fomo, and therefore struggle to maintain discipline on executing on the cleaner ones vs the not so clean ones. This setup offers an excellent way to get in on a coin breaking out, that is showing strength and could potentially go parabolic. To extend on this. My favourite setup is when a strong coin provides an amazing sized washout to get in. If the coin is holding trend can use that as a good risk-reward entry for the predominant trend, or can scalp out of it for 10-20%. When the coin doesn't offer the washout after a strong move, it's a sign that there's more strength to come. Even better is that a coin like this will often have great volume (so can size in), and there is a possibility that already have a position on from low...

Account Value:  3.97BTC. PnL:  +2.09BTC. Obviously a completely monster day! Some moments of recklessness but overall was actually just pretty solid trading. The coins I was trading were super liquid as well which helped. And compared to yesterday I managed to nail the 10% moves on them, rather than scalp out. They were super liquid as well, doing well over $10m volume so today would have been perfectly scalable as well which is cool! Side note: Will withdraw another 1BTC when I get to 5BTC, and probably put about 1BTC over into poloniex. Should only need 1 over there as can use leverage. PnL: 1ST: +1BTC. ANS: +1.26BTC. IOP: +0.095BTC. PTOY: +0.175BTC. XRP: +0.056BTC. And currently in DOPE which I have got too reckless on and may take a reasonable hit... So many trades that would be a lot to go through each one. Will archive a breakout play that I took, that I think is a great directional breakout trade; compared to just buying the n...

Account Value:  1.88. PnL:  +0.29. Was pretty surprised at how much pnl I had. Sort of felt like I was just grinding and not making a whole lot of money - without the review I would have been getting frustrated. PnL: ANS: +0.17BTC. Interesting that this is bigger than I thought it would be. Never really made too many big (sized) trades on this. DCR: +0.01BTC. Just a wee scalp that gave me a bit of trouble so ditched. DRACO: +0.01BTC. Volume not really there so this was about as big as I could do it. ENRG: +0.02BTC. Kept a little bit of this because I think it could 100% in the next few days. Soo illiquid though and the big mistake of the day going too big on this. PTOY: +0.045BTC. SC: +0.02BTC. Would like to keep this one but for now just scalping dips. 1ST: Not counting because still in a rather big btfd trade. So overall really good day. There were some very scalable moments, but unfortunately never really nailed a big 10%+ type t...

Account Value:  1.59BTC. PnL:  -0.36BTC. First real decent loss, and bit of a pain it happened on two at the same time. Have been waiting for this to happen and bit of a relief that it was handled okay. Probably big takeaway from all of this is that I nailed the wash on LGD to 7.5 but was over-commited elsewhere (VRC) so wasn't able to do the size I wanted. Would have actually been a net profitable trade if I got this; and was paying enough attention to flip it on the pop as well. Note: I ditched VRC before the pop; but was forced to take the losses on both (definitely didn't want them to extend any further).