And down we went.
I’m smiling to myself right now because, as usual, BTC and ETH moved sideways for absolutely ages, then dipped as soon as I moved. I had some USDT in Trading that I was putting into the dual investment thing for ETH, with a “buy low” at $1,900. I kept doing that for a while, then when ETH moved up into the 80s and 90s, I moved it to $1,950. Bam! ETH drops to $1,850 and I’m holding ETH instead of USDT.
Every single time, lol.
I put that ETH back in yesterday on a 3-day dual investment to sell at $1,975 (my 1% gain) at 24.31% APY. Hey, who am I to turn down an extra $1.92 for doing exactly what I would’ve done on the spot market, which I get even if my ETH doesn’t sell? It’s already up near the target, with a couple of days to go, so looking forward to that sell.
Speaking of which, would you like full details whenever I do trades or whatever? I’m happy to post very quick updates whenever I act. Let me know. 🙂
Other than that, I had a good week for GPTs and faucets hitting payout:
- $8 from Cointiply
- $10 in less than a week from Deservve (new site, ref link), who partner with Cointiply for social follows and book reviews
- $30 from TrustDice‘s faucet
Plus $20 from ongoing trading an altcoin on StakeCube (no, I haven’t mentioned that elsewhere).
With those nice inflows, I had to decide what to do with the funds.
Panic!
I suffer from bad anxiety, which means I overthink things. And that means my thinking went something like this (apologies for another list, I can’t find an indent option on p0x):
- I should put that money into Banking.
- But if I do that, I won’t be earning much on it, especially compared to Copy Trading.
- So maybe I should put it in there instead.
- But if I do that, I’m trusting someone else with the money. What if they screw up?
- So I should put it in Trading instead.
- But if I do that and I’m doing 1% trades, I’ll miss out on any gains from a big pump that I would get if I put it in Banking.
- So I should put that money into Banking.
- But…
And I go around like that for ages, with subtle variations at each stage so I can never choose the “right” option.
It’s the same when I buy (e.g.) BTC and the price pops suddenly, going up by 5% or 10%. Should I dump it and take the profit or hold it in the hope that it’ll keep going up? What if I sell and lose out on potential profit? What if I hold and the price slips back down, perhaps even lower than where I bought?
Anxiety sucks.
The Escape Route
As all those “basic trading” articles say, keep emotion out of it.
Yeah, right. That’s easy to say when you’re a narcissistic borderline psychopath working on Wall Street. Not so simple when you’re an everyday person with normal worries and some anxiety stacked on top.
And this is one of the main reasons I created my categories. They’re an escape route from the circular thinking, an exit in case of emergency (or frantic overthinking).
When I have an influx of funds, I can look at what I’m doing in each category and assign the money with confidence by telling myself that it balances in some way.
In this case, I have the dual investment 1%+ trades going in Trading, so I’m doing OK there (and setting a specific buy/sell price and sticking to it helps handle the “what ifs”). I also just moved some funds to Trading from Copy Trading, so that’s fine. Copy Trading’s doing fine, too – in a period of recovery from that awful sudden drop that cost me a lot, but rebuilding steadily so far. I don’t want to throw more in there because of the forced Smart Ratio: relatively small amounts won’t make a significant ripple in my setup when the trades are all tiny percentages of a whole amount in the thousands (because the trader is careful), and I’m not running tests any more since I discovered that they require hundreds of dollars to work properly.
That leaves Banking (and I’d already decided a while ago to put extras into Banking, now I think about it).
But where in Banking?
I have a decent amount of BTC, ETH and SOL stashed already.
I’m 1% trading ETH (in dual investment Trading), and I’m adjusting that altcoin trading on SC so that it goes to BTC (also Trading). Both of those coins get nicer interest rates (12.5% and 11% respectively, compared to about 7% for staking), and $68 is almost a whole SOL, so it feels bigger and nicer despite being the same amount.
It’ll go into SOL staking on MEXC. Normal Banking.
- Trading covers the everyday gains in ETH.
- Copy Trading covers both small and large movements.
- Banking is ready for when things pump.
There is a certain balance and I can tell myself I am maintaining it.
Decision made. Anxiety passes.
Now I just have to avoid second-guessing myself… 🙂
How was your week? Did you buy into that dip-within-a-dip? Concentrating on accumulating or trading? Tell me about it!
