Disclaimer: I do not have a lengthy track record as a successful trader. This is a personal challenge and meant for entertainment purposes only. If you do decide to actively trade in cryptocurrency then never use more than 1/10 of your overall stack. You will make mistakes and you will get hurt. However, if you can learn a profitable strategy before getting completely rekt then the initial investment will be irrelevant.
It has been four days since my last post and that is the longest I have gone without an update since starting this challenge. Originally I was adding a new post every day. After 115 days of writing 9+ pages per day I started to get burnt out. Now I am going to plan on doing a post every other day and may transition to once per week in the near future.
The objective of this blog was the capture the trials and tribulations of someone who is trying to learn how to trade for themselves. At this point I am feeling like that has been accomplished and there isn’t a whole lot more to add to the story.
The only thing left for me to do is complete this challenge by trading 0.1 BTC into 1 BTC!
Refer to day 100 of the 4 hour chart DAILY UPDATE to read more about the entry and day 125 to read about the exit.
Watchtower
These are trade ideas and/or open positions that I am keeping my eye on. They may or may not pan out the way I see. These are just ideas, I am not recommending them to anyone else.
(1) BTC:USD daily and 4 hour charts | Moving average crossovers on 12 & 26 day EMA’s as well as 50 & 200 MA’s.
4h
1d
(2) ETH:BTC | bear flag vs 0.382 Fib
(3) Gold daily chart | Selling $1,275 - $1,310
(4) WTI:USD daily chart | Buying Pullback
(5) S&P 500 daily chart | if it can create local high above $2,791 then I expect a retest of the ATH
Lifestyle
I have been having a rough couple weeks. In the last two weeks I found out that my uncle has cancer, my grandmother was put into hospice and my little brother had emergency surgery to put a stint in his kidney.
That has severely affected my vigor and ambition for my daily routine. Instead of jumping out of my bed in the morning and being excited to take on the day everything is starting to feel monotonous. The wins no longer feel as meaningful and somehow I have been getting more frustrated than usual about the losses. I have been sleeping in later, taking a nap in the afternoon, exercising less, smoking more weed and eating like shit.
I have been battling severe depression for quite some time now and find myself wondering when it will get any better. A month ago I was really enjoying being sober throughout the day, and now it feels like a struggle. As soon as it feels like I am making some progress life gives me a swift kick in the dick that brings me right back to the darkness I am trying to escape.
Tweet of the Day
Homework
I decided to separate the articles about options and hedging into two posts.
Options 101: Limited Risk with Unlimited Rewards is now available!
Article about hedging is coming soon!
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After content like that, you know you want more!
Previous Post - Day 117
4 Hour Chart DAILY UPDATE - Day 134
Weekly Gold Update - Week 15
School - Options 101: Limited Risk with Unlimited Reward | Intermediate Trading Strategy | White Paper Cliff Notes: AION | Intro to Indicators: Stochastic | Bitcoin Market Cycle
Need a break? Read some Poetry! - I believe | Aliens | The Universe is a Hologram | Sunset