I have explained how to use psychological analysis to outplay the market.. One of the strategies I suggested was that you should buy when everyone is panicking and desperate.
Source: Telegram Stickers :)
I have applied that in another post where I suggested 12 Coins I would Buy in This Bear Market. It is time to go back and check how well did our strategy work so far. So, let's check the results of those 12 coins until now. Please notice that I have suggested a buy range for each coin. So, I will assume that I have bought at approximately the middle of the range. I will also assume that I have bought a $1,000 worth of each coin.
The Results
I have summarized the results into the following table:
| Project,Name | Buying Price $ | Current Price | Profit Made $ | Profit % |
|---|---|---|---|---|
| Bitshares | 0.18 | 0.28 | 556 | 55.6% |
| Wax | 0.23 | 0.47 | 1043 | 104% |
| Steem | 3.25 | 4.60 | 415 | 41.5% |
| VeChain | 3.35 | 5.77 | 722 | 72% |
| IOTA | 1.25 | 2.1 | 680 | 68% |
| NEO | 75 | 136 | 813 | 81.3% |
| Waves | 4 | 7.68 | 920 | 92% |
| Kucoin | 4 | 5.94 | 485 | 48.5% |
| EOS | 6 | 9.94 | 657 | 66% |
| PIVX | 4.5 | 6.81 | 513 | 51.3% |
| BAT | 0.25 | 0.432 | 728 | 73% |
| OmiseGo | 8.5 | 18.59 | 1187 | 118.7% |
This is a snapshot of the excel sheet:
What is the Total Profit?
Based on this calculation, if I had invested $12,000, then I would have made a total profit of $8,720. That is a 87% profit in less than 10 days. Not bad, huh.
Source: Telegram Stickers :)
Would I Sell Now?
No. I am not a short-term trader. Moreover, I am following my Psychological Analysis strategy. Based on that, I shall wait until everyone feel so excited and think that the moon is within their grasp. Yes, the moon is my signal! Then, I would start selling.
So, Why Did You Post This?
I wanted to make sure that my strategy is working. Thankfully, it is. Moreover, I wanted to show how is psychological analysis can be applied.
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