I know that chart doesn't makes any sense but it looks somehow 3Dish
The Current STATE Of My Steem
6305 STEEM liquid (not counting what is in my accounts to buy BOTs)
8475 (Actually: 0.68562973 BTC that if bought at current price would mean that much STEEM)
Total: 14780 STEEM (Down 278.98 steem)
Plus additional: 1115.942 from this week power down and post rewards.
The BTC amount is prone to loose another 10% as the BTC is dying and that amount is scattered in MTL / Wings and PHX
So what's up ?
Well i learnt that my risk management estrategy was wrong, I was exposing 2% of my PF on each trade, which means as i usually have 3 trades ongoing, that my total Risk size is 6% three times what i wanted to be (2%)
I will have to revise the way I trade, @aqfaridi, our coach told me that:
So these are my lessons from this week:
I learnt today that my risk exposure is excessive
I am wishing to remain calm and stick to the plan.
I just removed all coins I'm not in from my favorites
I hope for the best and already started thinking I am a 94% whole.
I hate LTO because i didn't have any.
I will check my TPs and I will stop looking at the charts of what i have
Ok I made like 1500 steem last week, but i will probably loose them when my STOP Losses hit, and most of that gains where from the two little pumps we had in STEEM so it is a 0 sum game.
Right now my MTL and Wings are satoshis away from the SL and unless a miracle happens I think I will be out of those trades soon enough, I have been tempted to lower the SL but I am trying to stick to the plan and not fiddle with the trades...
Do you think i am stupid?
"Plan the trade and trade the plan".
What do you think?
Over the long term I need to be Bullish on STEEM hopefully I will be able to put more SP on my account once i finish this operation.
If you like my journal of trying to make a shitload of steem please comment
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Trading NOT selling STEEM | Risk management revised | Ecency