I don't know how d_eddie is playing during these times, but he seemed to have had a very prudent system in which he was constantly taking winnings off of the table
I'm laying low. I got my long liquidated on the latest violent downturn, and my take profit limit on the short was a little too prudent to make up for it. However, I'd kept putting sats away in the meantime, so all in all I'm still up. I bought more physical than usual in the 7ks. I could have saved a bit more for now, but if we knew the future we'd all be rich like fuck wouldn't we? I still have some dry powder left, and will keep stacking physical sats little by little.
I'm still convinced we will prevail. It's just that no one has a friggin' idea of the timeline, whatever they say.
I appreciate your honesty
(or at least it appears to be genuine, in that we can never know for sure on the interwebs).
Your system did seem to work pretty damned well during the 2018 correction, and maybe even a bit into the 2019 bounce back, but of course, the overall BTC price dynamics seemed to have had gotten confusing, even though it might appear to be clear to be able to describe what happened, after the fact.
One thing that I had liked about your system was that you were seeming to build on what I was doing, but just to amplify it by being able to profit from both longs and shorts, and surely my system can hardly profit at all from shorts unless I deviate from such system for a short period of time because I identify some kind of short term opportunity and inject a bit more in one direction or another based on such short term insight (which rarely comes to me, in actual practice... might be because I am dumb or want to remain dumb with the employment of my system).
Another problem with your system did seem to be the amount of time that such employment of the system required to attempt to maintain, and surely your system may have served its purpose to allow you more knowledge of how to attempt to employ the various tools that are available, and maybe a benefit, also, could be if you did not lose very much (or you gained some) while learning about how to use those tools. Sometimes it is very difficult to learn anything, unless there is some personal stake in the game, so frequently, I will advocate that people put at least some of their own money into what they are attempting to do, so even if they do not make a killing, they are able to more concretely learn through active participation and engagement rather than some of those tools that might be available to practice without anything personally at stake.
Some peeps here might recall that when I began to employ the selling component of my system in late 2015, I really had small stakes and even small spreads. Sometimes the price would move by $5 or $10 and my trades would execute.. Of course, I started this process when BTC prices were in the mid $200s, and some of the amounts that I made on each trade would be like $.20 .. .hahahahaha..
And, I had several people tell me that I was wasting my time because I might spend a few months at it, and maybe I made $100 or something like that, after adding up like 500 transactions.. but anyhow, I would argue that the goal was not specifically to make money on each trade, and of course, as the BTC price went up, I was able to authorize myself to trade larger amounts. At first, I was authorizing my trades on only about 1/5th of my BTC stash because only that portion of my BTC stash was in profits. The whole of my stash had an average BTC price of about $500, so I did not authorize myself to trade based on my whole stash until price went over $500.. and then I was not trading my whole stash but only a portion of the stash based on the value of the whole BTC stash.
So the theory was that if theoretically I had 10 BTC, and the BTC price went up $100, then that would generate $1,000 in profits, so I was free to trade from the profits that were generated, and I might trade anywhere between 20% to 40% of the profits, but still I would still end up receiving 60% or 80% of the profits stacked away or added to my value, even though I was putting a portion of my then additional profits at risk.
So theoretical limits that I would place on myself had to do with my NOT being able to put anymore BTC at risk than 100% of the profits (never could put principle at risk), yet I did not really want to gamble, even with very much of my profits, so I rarely would even trade with more than 50% of my profits at any given time.
I still keep some of my initial framework in mind in terms of how much I am willing to sell, but in some recent times, I have projected out that I have become even more and more stingy in my desire to sell any BTC, and there seems to be some subliminal barrier or something in regards to my feelings that I am selling too much.. but in the end, if the BTC price goes crashing down, like it did in the last week, then I don't have as much money available to buy BTC back, either.
