BTC Trading Challenge - Day 108 (0.06351 BTC)
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.
Yesterday I had the first ‘case of the Mondays’ that I can remember having in a very long time. I speculated that it was a direct result of my poor diet and lack of exercise. I cooked myself some good meals and made sure to get back into the gym.
Wouldn’t you know that I am feeling much better today! If it wasn’t for this blog I don’t think I would have realized how much of an impact my diet and exercise has on my overall energy levels and feelings of well being.
There are so many thoughts floating around in my head that it can be very difficult to figure out cause and effect without have a journal/log/blog. Putting it in writing and then seeing the effect for myself has truly been a game changer!
Open Positions
To read more about this position refer to day 100 of the 4 hour chart DAILY UPDATE.
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 | Resistance Clusters from trend line, prior support turning into resistance and 12 period EMA on the daily.
(2) ETH:BTC | breaking down 0.5 FIB support and triangle
(3) SPX:USD | Bouncing off support. If it can’t break $2,740 then I expect a head and shoulders to form
(4) Gold | Did not bounce into death cross off area of support | Will it fall straight down to $1,236 before getting a bounce?
Lifestyle
As I mentioned above I was not feeling it yesterday, however I did not allow that to get in the way of my daily routine. A Tweet from @TheQSLMind came up on my timeline and the second sentence listed seemed to be speaking to me directly.
That is truly some sage advice. How many times have you procrastinated something important because you “didn’t feel like it?” I know I have done it countless times. As I was going about my daily tasks I realized that the feeling did not last. As soon as I rolled up my sleeves and got to work that feeling seemed to completely dissipate. I may not have been as engaged or enthusiastic as I usually am, but I wasn’t consumed with the thought of doing something else all together.
After completing all of my daily tasks I joined a couple friends for some disc golf and proceeded to get my ass whooped by both of them. Two of us went to my favorite pizza place afterwards and had some cocktails on the rooftop bar.
Afterwards we went to our neighborhood dive bar to play ping pong and pool. I lost $5 at disc golf and was determined to get it back. I promptly lost at ping pong and was down $10.
“One game of pool for $10!” I declared. I put on my game face but it wasn’t enough : (
Down $20 I decided to call it a night. Yesterday was just one of those days and I am very glad to have it behind me!
Tweet of the Day
A rational explanation for irrational markets by the one and only @AriDavidPaul
Homework
Unfortunately the post about options and hedging has been delayed. I was in the process of submitting it yesterday and ran into an issue that will take some time to resolve. I will be doing my best to get this completed asap!
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After content like that, you know you want more!
Yesterday's Post - Day 107
4 Hour Chart DAILY UPDATE - Day 121
Weekly Gold Update - Week 15
School - Intermediate Trading Strategy | Gold Weekly Update (week 13) | 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