Another week of learning, some more free $ and a change of strategy
Standard disclaimer, I’m not a financial advisor, everything I write here must not be considered financial advise, this is just a diary of my personal journey into crypto, nothing more, nothing less. Also my articles are not for the experts, more some rambling thoughts on my experience as a newcomer with a few photo’s thrown in for my photography hobby.
Free $19
Last week I reported how I acquired a $10 Stellar Lumens currency for free. Another week and I’ve compounded that with another free $9 in my COINBASE account. This time I watched a few minutes of Compound educational videos, answered the questions using information from the videos and now I’ve got $19 to play with. Sure, it’s unlikely to make me rich, unless there is a massive growth in prices, but it’s a free and easy way to figure out new strategies.
I make absolutely no apologies for my referral link, in retrospect I wish I’d made more use of these links myself when setting up my account because it’s potentially another free $7 gain. For sure whenever I setup new accounts in the future I’ll be using these myself. This is my Coinbase referral link. This is my link to Coinbase Rewards
1x10% or 10x1%?
Last week I reconsidered my strategy. Initially my starting strategy was to look for ways to make a 10% gain on each purchase, that has not been going so well for me, I suspect partly because of the current market. I did realise that could take time, I thought it would be fine to HODL, however in retrospect, this was supposed to be fun, that was one of my main goals, for some HODL might be fun, for me, not so much. So now I’m looking at smaller gains, 5%, and I will trade twice as much, ultimately I may even go to +1% and trade 10x. I find the trading fun, trying to Buy/Sell at the right Trough/Peak is a challenge, the one issue I foresee for a 1% gain is whether I can compete with bots, they seem to have an impact on the ripples around the buy-sell price.
So finally onto the fun score, I’m going to rebalance, put myself on a neutral 5/10 this week, main reason for this score is that I’m still down on my initially investment, although the free $19 has helped soften that blow, but that’s balanced by the enjoyment I’m still having learning about these investments, everyday I learn something new.
The best of luck to you in your journey, thanks for reading…
