Maybe this will be the start of the overall crypto market uptrend we were supposed to get post Consensus conference. I'm patiently waiting for the next sustained uptrend. But I have to admit, while we still have soft prices, I'm adding to my positions! In fact, I decided to sell my silver coins I bought in 2016, prior to becoming aware of blockchain. I bought at essentially $22/coin and will take a loss, but the cash and its upside is too big to sit holding the silver coins while waiting some years for prices to double or triple.
If only we had infinite capital to invest:) If I did, I would hold my positions and with additional cash I would start trading the best technical set-ups like stellar has right now. There is too much of a risk to only trade and not hold positions.
In my opinion crypto will be the asset with the higher returns by far. However I like silver and gold too!
If i had infinite capital, I would keep it super simple:
Buy ATH of mid-largecaps, Short ATL of mid-largecaps and raise stop losses every two weeks.
Also I would buy and accumulate an equal amount of top 30 cryptos every two weeks.
Geographical diversification, timming diversification, sector diversification.
Risking 1% of the effective available capital per "buy".
And adding new positions only after SL is above purchase price.
I like the simple plan. I assume you buy positions ATH and short positions ATL because of momentum. Stocks in a trend tend to continue the trend. Is this why?
Most people want to buy cheap and they buy something that might be forever down there or could take years to move.
Time is something very valuable and the easiest thing to maximize timming is buying something that is clearly moving.
When you're buying something ATH you know one thing: EVERY single holder is making money. Also, you're buying something that is bullish and has good momentum today (is in ATH!)
This is how that portfolio would be looking... today.
Maybe this will be the start of the overall crypto market uptrend we were supposed to get post Consensus conference. I'm patiently waiting for the next sustained uptrend. But I have to admit, while we still have soft prices, I'm adding to my positions! In fact, I decided to sell my silver coins I bought in 2016, prior to becoming aware of blockchain. I bought at essentially $22/coin and will take a loss, but the cash and its upside is too big to sit holding the silver coins while waiting some years for prices to double or triple.
If only we had infinite capital to invest:) If I did, I would hold my positions and with additional cash I would start trading the best technical set-ups like stellar has right now. There is too much of a risk to only trade and not hold positions.
Are you holding any cryptos or just trading?
Thanks for the post.
In my opinion crypto will be the asset with the higher returns by far. However I like silver and gold too!
If i had infinite capital, I would keep it super simple:
Buy ATH of mid-largecaps, Short ATL of mid-largecaps and raise stop losses every two weeks.
Also I would buy and accumulate an equal amount of top 30 cryptos every two weeks.
Geographical diversification, timming diversification, sector diversification.
Risking 1% of the effective available capital per "buy".
And adding new positions only after SL is above purchase price.
Simple, easy and profitable :)
@moreseke1
This is an example of how a portfolio made with that strategy looks like (only playing one side of the market)
This was around 13march of last year before the starting of the major move SPX stocks had experienced.
Full size: open in new tab
I like the simple plan. I assume you buy positions ATH and short positions ATL because of momentum. Stocks in a trend tend to continue the trend. Is this why?
Most people want to buy cheap and they buy something that might be forever down there or could take years to move.
Time is something very valuable and the easiest thing to maximize timming is buying something that is clearly moving.
When you're buying something ATH you know one thing: EVERY single holder is making money. Also, you're buying something that is bullish and has good momentum today (is in ATH!)
This is how that portfolio would be looking... today.
I love the trade set-up.
Let's see how everything evolves!
We are at the the mercy of Bitcoin, may go a bit lower before rising.
I prefer perhaps 5 to 1 because you have a resistance before but this kind of move sounds very good and profitable.
Good appreciation. You're right 5 to 1 would be more conservative and therefore more easily achivable.
Thanks for your comment!
you are welcome :)