Journal – 08/01/21

Everything is at ATH.

Feeling euphoric and bought 20,000 SUSHI with leverage.

Huge dump today.

Should probably be safe but could’ve waited for a better entry price.

Confident. Just trade with low leverage for good sleep.

Sned everything.

Best plays during a bull – buy small amounts of call options and reminder to rotate into alts after BTC rests after a rally.

Journal – 06/01 and 07/01/21

Took another bad trade on 06/01 longing the breakout. Total loss 0.7 BTC worth ($24,000).

Both would’ve made shit tons of money if I had stronger hands.

Lesson learned – do not BTFD with more leverage. Take the drawdown on lower leverage so I can sleep.

Still farming BAC. Yield has dropped to 0.8% per day. Probably good time to exit and stack more BTC.

Longed Sushi with low leverage.

Peace out.

Journal – 05/01/2021

Took a loss on a really bad trade.

Revenge traded because I didn’t want to take a loss. Went up to leverage 10x. Lost approx $15,000 trading LTC.

Was gambling – not trading. Risk management was non existent.

A stark reminder on why I don’t trade leverage and don’t trust myself.

Leave it up to algorithms.

Time to take a break for a few days and focus on farming.

Journal – 04 / 01 / 2021

BTC pumped like crazy over the weekend. Wanted to rotate into ETH but doubted myself. ETH/BTC proceeded to pump insanely (50%).

Sushi and all blue chip DeFis seeing record 30% daily gains.

Trust my instincts.

Still farming Basis. Gas is through the roof so not making moves until the market calms the fuck down.

ESD is getting hit and capitulating. Not sure if I should capitulate or hodl. Yield is still pretty good on ESD farming. But capital losses are painful.

Invalidation $0.5 for ESD – will cut losses then but I hope I won’t regret it.

DSD is capitulating as well. Probably not a good idea to buy coupons.

Don’t fomo – reminder to rotate BTC into blue chips after BTC’s next leg up.

Journal – 31/01/2020 and 01/01/2021

Portfolio ATH thanks to BTC, ETH, DOT and SUSHI.

MIC farm very resilient with $1bn TVL – likely driven by Chinese money. Signs of rekt or bagholder strong community.

Seigniorage farm taken a beating esp in BAC/DAI (LP-ed in $1.2 now it’s hovering around $1.09 per BAC)

Looking to see what happens next with BAC.

I think it’s the OG and therefore has the most mindshare to succeed.

Invalidation for yield < 1% / day on BAC.

Took some gamble positions in BCC/DAI and ESD.

Heavy accumulation spotted at $0.8 for ESD. Should be pretty safe.

Hopefully we see $1 expansion again on DSD, ESD and BAC (still expanding but slowing down).

Cautiously bullish on algo stables but happy to be invalidated.

Once invalidated – back to farming seed pools only.

Happy new year and I’m looking forward to 2021.