To be honest, you should have a balanced portfolio but when the market is bearish and not when the market is bullish. If you try to balance your portfolio when the market is bullish, you might miss out the chance to make good money. In a bearish market, you can think about addition of certain coins to your portfolio and they help to reduce the risk greatly.
What if you hold a shitcoin when you're in a bull market and miss the 10x run from another coin?
I think portfolio management is important whether the market is good or not. If you're in a bear market, your risk decrease. If you're in bull market, the chance to get more profits from various coins also increase.
I appreciate all the great discussion on portfolio rebalancing! We are currently working on implementing new rebalancing features for shrimpy.io and would love to hear what developments you guys would like to see. We have a lot planned, so I'd also be happy to answer any questions you have about how it works.
What have you planned so far? We'd probably be able to give new ideas if you tell us what kind of plan you have atm.
Thanks for asking! We are currently working on the following features:
- Threshold based rebalancing
- Improved Indexing strategies, so you can have better control over your personal index fund.
- Better social features so our community can grow quicker, become more engaging, and interact with each other better.
- Better strategy backtesting features so everyone can get deeper insights into how their strategy performs over the long run.
- Smart order routing trade execution for our portfolio management application so you always get the best execution price.
Let me know what you think!
