Quite a busy week rebalancing my portfolio. I withdrew funds from my Trading212 account following a dispute from them. It is true, as you continue to compound your knowledge of the market, investing and trading, in general, you begin to demand more from the services you get from the platforms you use. I moved 50% of that to Interactive Brokers and the other half to my crypto account. I also received my salary yesterday and all of my SR were deposited straight to my Vanguard ISA account.
I did 3 trades last week - Long ALB +5%, Short ALB +3%, Long TIGR +2% (intraday, wrong exit, accidentally used Limit instead of Trail Limit, could have secured 5% on this trade). I could not execute trades yesterday (Friday) as I got stuck at work until 9PM. Been having a hard time fishing on my scanners as well, I used to capture 15-20 names, but on this type of market, 4-5 is a miracle. I am not changing my scanning rules. I would rather sit in cash than force trades I don't normally execute.
The market is still on an uptrend but the breakouts on momentum stocks do not sustain and retraced back to the breakout point mostly.
Bitcoin has been underperforming since it broke 60K, coincidentally, right after $COIN IPO. Is this the top in this cycle? Nevertheless, I have been buying ETH, LINK and DOT on this pullback and wishes that these coins drop back to 100/200MA where my Limit Orders are. I also learned Liquidity/Market Making in Crypto and has added more on my Binance Earn. I will be publishing my weekly crypto earnings on Publish0x and LeoFinance. I am still unsure if I have to add that crypto kind of content on this blog. Maybe add a page for it? Not sure. But I really want to share the potential of generating alpha in the crypto universe to the FIRE community - boom or bust. As far as the UK FIRE bloggers are concerned, it is only Early Retirement In UK who is actively participating in Crypto but I couldn't find an email to contact the author to ask for their strategy. Another 7 bloggers own Bitcoin and or Ethereum.
Sector: Technology > Computer Hardware
Ideas: Bitcoin play; flat with little attention from investors/traders since BTC broke its ATH, Broke downtrend on MACD bullish signal on another BTC break. Nothing fancy about the BTC plays when BTC ripped, the miners were dumping shares via offering but the demand was too much, bulls won.
Retro Entry: Aggressive entry was the MACD bull signal, another entry was the resistance breakout. I was looking into this ticker but did not buy it as I was considering its float and concluded I would be better trading other crypto play tickers. I guess, the market doesn't care much about the float when the trend is moving at a bullet train speed. Also marked in yellow circle is the set up I have been studying - multiple MAs convergence, MACD Bull signal, tight flag, increasing volume. For now, I am dependent on the MACD bull crossover on my scan, I don't know how to program a script to capture the set up using MAs and chart pattern yet.
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