Recap from last week:
It’s been quite the rough market the past two weeks but settled for taking losses last week and ended up with the following stack:
And as you can see that’s a whole lot of red. 4/4 poor decisions. Weeks like this build character and solidify that there is no such thing as overnight riches and you can and will get burned if you gamble recklessly. Research, research, research with good timing and a good amount of luck is needed to succeed here.
Opinions on chosen coins last week in hindsight:
Honestly, all the projects seem solid with all proper criteria to succeed in future (except for TSL, this one shall be known as a shitcoin from now on) but as an agressive, short-term trader good amount of these coins are just not good for trading. These are for HODLing. Unfortunately, HODL isn’t my current strategy. But I’m definitely growing a better “sense” in what is more tradeable.
Start of this week:
To start the week off I broke my own golden trading rule:
Never sell at loss. I actually sold the coins from last week at a -30% loss, ouch!
As you can see I changed 3/4 of the coins, keeping only FUN. Call it a hunch but I am a believer in FUN. As you can see at this point I started the week at 741$. And it really, really didn’t help that Bitcoin and large majority of altcoins most of the week decided to take a nosedive around the holidays. BTC dropped to 12,000 and whole top 100 coins, except for XRP, were red for a solid two days in my memory. Ouch!!!
KILLER TRADES OF THIS WEEK:
Not to bore you guys too much with all the details, let me show you the bombs:
And remember when I said I have a good hunch about FUN earlier? BOOM!
And the final portfolio at end of the week #3:
- Starting $ this week: 741$
- Final $ this week: 1371$
- % Change this week: +85.02%
- % Change in lifetime total: +79.10%
Final words: We’re not rich, still just pennies but I like the pace we’re moving at. Join the movement. We’re learning as we move. Growing the balls of steel, the wrists of iron and hands of stone. Not spoiling the plans for next week yet 😉