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.