Dabbling in trading, and the results

I trade a bit in cryptocurrencies. Since around June, I finally took the leap, putting money behind my belief that this cryptocurrency 'phenomenon' was something worth investing in and learning about. Oh sure I had wasted money before that, I even bought a cloud mining contract, if you can believe it (not recommended). But finally I jumped in.

And, like I have heard other's before say (@chrisroberts), I proceeded to make every mistake possible, and learn from them. Thankfully this market has been so bullish, even losing money every which way I haven't managed to actually lose money.

_{This is not what I look like when I'm trading}

So yesterday I spent some time philosophizing with fellow steemians over the @haejin fiasco, and if you don't know what I am talking about - don't go looking for it. Its just a squabble amongst factions who both really feel like they are doing the right thing for the platform.

Anyways, I don't use all of Haejin's calls. And some, I already own. I am a medium and long term investor, at least in terms of crypto markets - where 1 year is mega-long term LOL!

But last night, I closed some open positions that I originally opened with Haejin's recommendation. And I want to share them with you all.

_{BLK positions}

I completely closed my position with BLK last night. I know nothing about the coin except what I skimmed on wikipedia, and I don't like holding things I don't know about for very long.

But with 81% gains (back of the napkin), I am happy about closing this trade. You can see that I laddered in, only three rungs took, and sold in two lots.

If you are trading and you don't know about laddering, I recommend you check out @haejin's video on Laddering

_{POWR position}

Here's another position, you can see that it is still partially open. I took a piece last night as it was up more than double from even the highest rung on my ladder.

My Lessons

Trading is subjective, counter-intuitive, crazy; you could say a lot of things about it. I think patience and risk aversion are the key principles I have learned over the last six months, two things that I think are lacking a lot in the current manic markets.

Haejin is not always very clear on when one should sell, he just shows the charts and his analysis. But I like to milk gains as I go, this insures a minimization of the down-side risk over time. This is basically laddering out of a coin.

And most of all - have fun on Steemit! This platform is not about making money, that we are making money is a BIG BIG bonus.

Make community - that will pay dividends no matter the coin price ;p

Love and Light to All!