Am I having a Déjà vu
No you don´t, this is just part 2 your mind is playing tricks on you.
Last week I did Part One of this series, where I explained that:
I am a true "Disciple of the Weekend Dip"...well mainly the Sunday/Monday dip.
And then sold all my crypto to proof my point. Some people called me bald, some called me stupid, some started talking about taxes.
For this last group:
- This is an experiment, not a strategy
- The net worth of my wallet is below 300 Euro...so I can assure you Big Brother does not care what Bitcoin Baby is doing.
An then there is a 4th group, the nifty ones. The ones that know that an experiment is fine, but to proof a rule the sample you take must be >1 (don´t go all lean 6 sigma on me regarding sample sizes).
Therefore I plan to do it at least 3 times.
Last time I made 8.96 on a 212 Euro portfolio that is 4% profit.
So I will jump in, no hindsight, Just Do It!
Did I get lucky last time? Can I remain being a true disciple?
Just like last week I sold against market price on Saturday. Once I sold everything I put in a buy order for each of the 10 cryptos against the lowest price from the previous week (not counting Monday as that is the day I bought the Dip of course).
Which for most coins was on Thursday the 29th of April.
Now let´s see what happened
On Sunday morning I already bought back....absolutely Nothing.
On Monday.....I bought back 1 crypto and got worried, as it seemed that there was absolutely NO Weekend Dip. I only bought back my PUNDIX.
PUNDIX PUNDIX Sold for 17.04.
Bought back on Monday paying 18.29. Profit 1.25
In Europe Monday went, and Tuesday came, still no dip in sight at midnight. But thank the Crypto Gods for timezone´s, because before it was Tuesday all over the world the Dip happened.
It happened at Tuesday Morning (4th of May) 03:00 CET and of course I was sleeping. Day traders don´t sleep, but I am a baby I need my naps.
The dip wasn´t deep enough for most coins to hit the previous weeks low, but it did for CHZ, MANA and RSR.
Chiliz CHZ Sold for 33.68.
Bought back on Monday paying 30.91. Profit 2.77.
Decentraland MANA Sold for 24.87.
Bought back on Monday paying 23.54. Profit 1.33.
Reserve Rights RSR Sold for 9.88.
Bought back on Monday paying 9.24. Profit 0,64.
The other coins I bought back when I woke up, hoping to still make some profit.
Verge XVG Sold for 9.25.
Bought back on Monday paying 8.80. Profit 0,45.
Basic Attention Token BAT Sold for 47.74.
Bought back on Monday paying 47.46. Profit 0,28.
Ontology Gas ONG Sold for 12.99.
Bought back on Monday paying 12.78. Profit 0,21.
So that made 7/10 Crypto´s bought back with profit
But what happened to the rest?
VeChain Thor VET Sold for 72.90.
Bought back on Monday paying 70.70. Loss 2.20
Numeraire NMR Sold for 18.45.
Bought back on Monday paying 18.94. Loss 0,49.
Cardano ADA Sold for 33.07.
Bought back on Monday paying 33.10. Loss 0,03.
Bottom Line
I made 4.21 profit on a 280 Euro portfolio that is 1,4%.
The worst part is that I knew on Tuesday morning, that the dip would dip further in the afternoon, and it dipped.
But as I do not have a Crystal ball and I wanted to stay within the latest Monday timezone I ended up with profit again.
Now I hear you thinking: "That could just have been luck, again."
So I will the same insane thing once more next week!
But with a twist.This time I will allow myself 24 additional hours as that would have saved me 5 bucks this week.
P.S.
For those who know me ....I am on 2 exchanges & I only sold all my crypto on the minor exchange. So I did not go All Out!
Please let me know you liked it by giving me some love 0% is fine just for my reference ;)