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.
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
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