Baron's Crypto Trading Journal

I use CoinMarketCap.com to keep up with everything but the number of projects they list and cover is completely overwhelming. These days I just focus on the top 20 or 30 projects because the rest of it makes my head spin.

 

I'll be adding more BTC exposure this morning, just FYI.

 

Ok, just bought another $5k of BTC which is 0.0758 BTC @ $65,905 USD

 

And just as a recap, here's my trade history so far:

 

So as a quick recap after the first month of trading, we layered in $30k by dropping in $10k initially and then dripped in the rest periodically to end up with $34,101.90, so we made about $4k this month. We obviously could have made more had we dropped in all $30k from the start, but hindsight is pretty much useless in trading. Had any of those weeks been dramatically down, we would have felt some pain for sure, but October was slow and steady, which I don't mind at all.



The strategy moving forward will be the exact same. We'll continue to layer in more $$ week by week and see how this next month unfolds. Not all weeks will be up, so we'll have to mentally prepare for that, always keeping some firepower on the side if we get any drops greater than 10%.

Since the account relationship with FTX US has been established through many ACH transfers this month, they've upped my limit from $5k per transfer to $50k per transfer, and they are also offering to early credit any transfers up to $50k immediately for trading, which is awesome. Anyone who wants to open an account with FTX can use this link to get 5% off your trading fees. I get a small referral fee if you use that link to sign up but the amount is hardly anything so I honestly don't care one way or the other. Feel free to use whatever exchange you feel comfortable with.

 

And just so everyone is in the loop, I took a trip to the Bahamas recently with some friends for my 50th birthday, and it appears that Overnight is quite fond of the one on the right.