27 January, 2022 seen 19,573Since the beginning of the second half of 2017, I call myself a proud crypto investor - currently investing in the 4 major cryptocurrencies - bitcoin, ethreum, litecoin and ripple. Starting July 2017, using dollar cost averaging I keep buying crypto coins once in the month. So far, the total crypto portfolio shows an awesome 132.98% year to date value…
I love challenges, cryptocurrencies, and trading. A few weeks ago, before/during the crypto crash I sold all my BTC and stopped trading it, as the bitcoin futures trading fell like one step forward - two steps back.
This morning I logged in to my derbit account and found I have some little crypto there - received as affiliate income. Nothing much though. Not willing to avoid crypto at all, but also not willing to pour into fresh dollars I decided I could trade what I got, just to keep skin in the game and not lose the taste of the game.
This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
Disclosure: This article contains affiliate links to the deribit.com bitcoin futures trading website, by clicking on links on this page and by investing with deribit, I will earn affiliate income at no cost to you. Also, I'm not a financial advisor and I don't give you any advice, I'm just sharing my own experience. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.
Here is the trade plan
trading ETH/USD futures
- 1 trade per day
- stop loses: 1:2 ratio
- all affiliate income (if) might be directed to trading ETH
A trading journal will be kept. At the end of the challenge (October 9, 2022), all funds (if any) should be exchanged and put to work in the stock market by buying ING stock.
Starting balance: ETH 0.003132 / USD 3.29
No expectations. Results will be shared.