Good News! Last night we hit a new high water mark. We have started to increase our exposure by buying some more cryptocurrencies. It has been 10 days since the last high water mark. From that point the fund had a 10% drawdown from the highwater mark. Exposure was reduced to 50%.
Not only increasing exposure but we are transferring risk out of BTC. It has been range trading for a bit and I feel the need for a little more volatility. The increased exposure is going to go into Ethereum. There are several reasons for this. One, I can keep it in Coinbase and trade in GDAX's liquid markets. The second, is to be able to transfer to dollars quickly.
The wife and myself decided to shut the fund down at the end of January. We are going to start it up again in February with a smaller base of capital.
What to do about the gains that we have had over the last 6 months, has been the question for the last two weeks. At first we talked about redoing the master bathroom and the guest bathroom. Also replacing the front door to the house with smoky glass to let in sunlight. In the last two days we changed our decision to doing a remodel of the kitchen. When we first moved in, we talked about redoing the kitchen, but had decided that it would have to wait awhile, because of cost. Well we are going to reduce the working capital in our trading so that we can get some use, from a new layout on the kitchen, for the next few years. This means I'm going to have to grow my capital with much smaller absolute returns. And maybe come up with some side hustles to feed my trading.
Trading Derivatives?
Crypto Forex Trading
OpenLedger Referrer