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Playing the Crypto Market: A Post-Halving Resolution
S.Mutaga III
#1 Posted : Wednesday, June 03, 2020 9:41:45 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Brief history: I first learned about and used BTC in 2016. However, I didn't bother trading it. I joined the crypto market in January 2018, just in time to capture the 85% capitulation of the entire market in the next year or so. Since January 2018, I have tried learning about crypto trading in a standoffish manner. I believe that this is the ideal time to start the big experiment.
Disclaimer: I am not a professional trader and there is a decent chance that this experiment will backfire badly. Therefore, I intend to risk money that I can afford to lose.
Funds: As usual, I will not disclose the real figures. However, for calculation purposes, I will use $1,000.
Strategy: Trend following/momentum.
Duration: 1st June 2020 - 31st Dec 2020
Objective: To double the $1,000.

Expectation: It will be a hell-raising journey. I expect drawdowns which may exceed 50% on some coins but an equally big upside as well.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
S.Mutaga III
#2 Posted : Wednesday, June 03, 2020 9:45:52 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Activity 1: (June 3rd)

Bought Status (SNT) coin at $0.028

Amount allocated $250
A successful man is not he who gets the best, it is he who makes the best from what he gets.
Roque
#3 Posted : Wednesday, June 03, 2020 9:57:07 PM
Rank: New-farer


Joined: 1/29/2016
Posts: 10
Location: Nairobi
Some good money to be made here. I did something similar last year. Buying into volatile coins and looking for gains of at least 10%. Would buy and sell within a week.
S.Mutaga III
#4 Posted : Wednesday, June 03, 2020 10:03:28 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Roque wrote:
Some good money to be made here. I did something similar last year. Buying into volatile coins and looking for gains of at least 10%. Would buy and sell within a week.

I plan to hold my bags for 2-60 days depending on how the market is. At some point I may face a 50% drawdown, but also be in a position for a 300% gain in case the opportunity presents itself. My plan is to make big gains and only take small managed losses unless there is a black swan event.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
S.Mutaga III
#5 Posted : Friday, June 05, 2020 10:43:36 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
Activity 2: (5th June)

Bought Aave (LEND) coin @ $0.06

Amount allocated $250
A successful man is not he who gets the best, it is he who makes the best from what he gets.
ngapat
#6 Posted : Tuesday, June 09, 2020 12:28:37 PM
Rank: Member


Joined: 12/11/2006
Posts: 851
Buy some proton xpr
“Invest in yourself. Your career is the engine of your wealth.”
S.Mutaga III
#7 Posted : Tuesday, June 09, 2020 10:54:17 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
ngapat wrote:
Buy some proton xpr


LEND is already up by 28% in 4 days Drool Drool Drool
A successful man is not he who gets the best, it is he who makes the best from what he gets.
S.Mutaga III
#8 Posted : Wednesday, June 10, 2020 7:50:34 AM
Rank: Member


Joined: 3/26/2012
Posts: 830
SNT down by 3.6% in 5 days

LEND up by 40% in 5 days

Crypto is a crazy market
A successful man is not he who gets the best, it is he who makes the best from what he gets.
ngapat
#9 Posted : Wednesday, June 10, 2020 3:01:42 PM
Rank: Member


Joined: 12/11/2006
Posts: 851
S.Mutaga III wrote:
SNT down by 3.6% in 5 days

LEND up by 40% in 5 days

Crypto is a crazy market

Ethereum Defi projects on a bull run. Kyber network, bancor protocol, lend
“Invest in yourself. Your career is the engine of your wealth.”
S.Mutaga III
#10 Posted : Wednesday, June 10, 2020 8:08:48 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
ngapat wrote:
S.Mutaga III wrote:
SNT down by 3.6% in 5 days

LEND up by 40% in 5 days

Crypto is a crazy market

Ethereum Defi projects on a bull run. Kyber network, bancor protocol, lend


LEND is up 56% since I bought it 5 days ago. I think a parabolic bull market will return in 2021 similar to what happened in 2017.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
target1360
#11 Posted : Thursday, June 11, 2020 1:47:32 PM
Rank: Member


Joined: 5/14/2014
Posts: 284
Location: nairobi
which plat form are you using to trade crypto?
I find satisfaction in owning great business,not trading them
S.Mutaga III
#12 Posted : Thursday, June 11, 2020 5:46:30 PM
Rank: Member


Joined: 3/26/2012
Posts: 830
target1360 wrote:
which plat form are you using to trade crypto?


Binance
A successful man is not he who gets the best, it is he who makes the best from what he gets.
S.Mutaga III
#13 Posted : Sunday, June 14, 2020 9:56:30 AM
Rank: Member


Joined: 3/26/2012
Posts: 830
Sold SNT at $0.026 yesterday. That's a 7.1% loss.

LEND is at $0.088. That's a 46.7% gain.

I am net up about 9.9% i.e $99 profit based on the hypothetical $1000 capital.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
S.Mutaga III
#14 Posted : Monday, June 22, 2020 6:00:38 AM
Rank: Member


Joined: 3/26/2012
Posts: 830
LEND currently cruising at $0.161 from $0.06 when I bought.

The portfolio is up by about 40% in 3 and a half weeks and I didn't use half the money.

Happy Hunting
A successful man is not he who gets the best, it is he who makes the best from what he gets.
S.Mutaga III
#15 Posted : Saturday, June 27, 2020 4:02:01 AM
Rank: Member


Joined: 3/26/2012
Posts: 830
Sold LEND at $0.117 i.e 95% profit.

Total profit = 21.9% in 1 month. Half of the money (Hypothetical $500) was never risked.

Therefore, the true ROI is 43.8% in one month.

I intend to continue trading crypto going forward but I won't post any more of my trades. Happy Hunting
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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