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Loss 3% in one of my portfolio

Discussion in 'General Discussion' started by Arpit, Jun 14, 2018.

  1. Arpit

    Arpit Scholar

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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 Scholar

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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 Scholar

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    I wish i only lost 3% lol
     
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  6. SIGEN

    SIGEN Contributor

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    Very informative
     
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  7. jitenrajput

    jitenrajput Contributor

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    It's always not possible to predict the right move. And you said it right, learn from your mistakes!
    And you already had your piece of cake. Good luck!
     
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  8. Arpit

    Arpit Scholar

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    It's intraday trading for me my friend.

    Haha thanks.
    I closed the positions. Will take new positions later around $6,000 levels. Medium term longs on exchange.
    And keep trading on shorts in the short term.
    At $6,000 level, although longs can take time to pay off, the upward move would be more probable and bigger. Could be swift.
    If it breaks the levels downward, I'd do intraday margin shorts and average the long terms longs at better prices.
     
  9. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    Sounds like a good plan. I prefer short term trading because I like to see my money in my wallet. Money in and out. The hodl game is too boring but does reduce stress.
     
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  10. Arpit

    Arpit Scholar

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    Exactly. Also, the thrill of short term prediction is beyond amazing and competitive. Money is a representation. It becomes a part of you!
    Hodl is boring but you gotta do both properly to make money both, short term and long term.
     
  11. Volodymyr

    Volodymyr Contributor

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    Hi everyone! I have found an amazing innovation!It is called #Cryptics. It is the world’s first self-learning platform, that is analyzing the market of cryptocurrencies and generating forecasts for its participants. Moreover, they will have a giveaway and A SUPER PRIZE – Lamborghini Huracan!!!What do you think about this? Check it out!
     
  12. Jason1234

    Jason1234 Contributor

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    TO predict the market difficult but it is possibleI think.
    Check the Cryptics. They are making a forecasts service. The perdictions are quite good, up to 70% accuracy.
     
    Last edited: Jun 26, 2018
  13. Bobiks

    Bobiks Contributor

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    kaka
     
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  14. Jason1234

    Jason1234 Contributor

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    Kaka was a Nice player when he was in Milan, Are you a fan of KAKA?

    DO you know something about that project -Cryptics?
    Forecasts for 72% must help a lot how do you think?
     
  15. Nessie.IO

    Nessie.IO Beginner

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    If your goal is to reduce the variance in your portfolio, consider adding some type of Fiat form, whether by TrueUSD, Tether, or Bitfinex USD. In crypto, when Bitcoin falls, all alts tend to follow which is devastating even if you diversify plenty.
     
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  16. Ajki

    Ajki Contributor

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  17. Arpit

    Arpit Scholar

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    That's a very valid point.
    I mostly use Tether in such cases and intraday trading as well.
    Some exchanges provide margin short which is how I manage the portfolio and hedge risks in my long term long calls.
     

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