This post is pinned! Scroll down for the most recent post.I am managing "invest with care" crypto strategy with a focus on risk management first. When things go well, I intend to trade / invest for aggressive gains. Protecting gains is always paramount, however. This is an improvement and change in my mindset and approach, as I intend to protect my and our capital well during difficult markets, and all market environments. This will enable "invest with care" both to benefit once the bull market returns and to win in the long run. I hope I can serve you well. I have my own capital invested in the crypto strategy.
I am shocked and proud to see that "invest with care" is No 1 in performance in the past 6 months, No 3 past 3 months, No 7 past 1 month as of today. My goodness, and all of that with just some simple and solid risk management. Sad to think what so many folks are doing and loosing.
We got stopped out for the small reminder of our ETH position yesterday at higher levels than we are today. Looks prudent in terms of risk management.
We closed a large percentage of our ETH trade with healty profits. I will add more again as we and if we drop towards good support levels.
Plus DXY (US Dollar) at critical point, maybe loosing it's uptrend - one to watch, since Dollar strength is correlated with weak crypto markets, and EUR strength correlated with strong crypto markets. Plus BTC at converging trendlines, as everyone and their mother has posted the last few days.
or on Binance: Already broke out on the Weekly
Our ETH trade is risk-free (we upped the stop-loss to profitable). Interestingly, depending on the data we have already broken out of Weekly resistance (Binance) or not (Bitstamp). Shorter term, we have definately broken out of the most recent Daily downtrendline.
@XRP: I traded the ripple trendline breakout with a very tight stop loss and minimal risk today, de-risked the trade by upping the stoploss a few minutes later to breakeven. First profits are taken, the rest is a free ride. Marvellous trade with clearly defined risk parameters in a difficult market.
I am changing the name of the strategy, due to a regulatory request sent to me by iconomi. I continue to take care of the crypto strategy, may it be in a better and better manner.
Interesting action. Is the bottom in? There is no confirmation as of now. I am rebalancing the portfolio to be prepared for the next moves.