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Loss 3% in one of my portfolio

Discussion in 'General Discussion' started by Arpit, Jun 14, 2018 at 8:35 AM.

  1. Arpit

    Arpit Contributor

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    In one of my portfolio I lost $400 or 3% due to the fall from $7,200 to $6,600. The reason was relevant because $7,200 was a very good support and I was ready to risk it here.
    If that was taken out, I decided to cut my positions in loss.
    If it had prevailed, the targets were $7,800 and $8,300.

    The portfolio consisted of:

    BTC
    IOTA
    RIPPLE
    SAN
    LITECOIN
    ETH

    I trade mostly on Bitfinex in USD pair mostly margin trading.
    This was one of the loss making days and that is alright.

    The message I wish to convey is that sometimes, the losses are unavoidable. You take a position knowing the risk involved. It might either pay off or not. But any case, if you know how the losses happened and don't repeat it, it is worth making mistakes sometimes.

    For this month, until now, it has been very average performance for me with 12% up in this particular portfolio.
    Will be sharing some of my learnings and mistakes towards the end of the month.
     
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  2. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    Awesome. Do make a progress thread so everyone can follow along your journey of trading.
     
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  3. Arpit

    Arpit Contributor

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    Well we bought again with double the leverage and gained 1.5% overall in that position.
    So that 3% was recovered and we made 1.5% more as the market recovered.
    There are still some open positions, so let's see.
    This is the realized profit. Let's see what happens with the open position.
     
  4. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    It's the weekend so prices are down.
    They should be going up by Monday.
    Hope you make some good money.
     
  5. MoonWalk

    MoonWalk Contributor

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    I wish i only lost 3% lol
     
  6. SIGEN

    SIGEN Contributor

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    Very informative
     

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