My aim with this blog is to be completely transparent about my trading journey so that others can see the REAL trading and investing experience of a beginner.
Crypto research and forex patience today…
Total Invested £3360.00
Unrealised balance £2948.14
Forex/Indices/Commodities – Trading using FXCM
- AUSUSD – Long (TJ) – TP1 already hit, TP2 TSL active
- GBPCAD – Short (S/R) – Entry today, Stopped out for a £9.50 loss
- GBPJPY – Long (TJ) – Entry today, TP1 hit for £5.04 profit, TP2 TSL active
- GBPAUD – Long (TJ) – Entry today
GBPCAD – Yesterday a bearish pin bar formed right at the potential resistance zone so a short entry was placed. However, the GBP found strength due to improved UK economy growth and inflation reports sending GBPCAD right through the resistance zone and taking out my stop loss. (Good for my two GBP longs against AUD and JPY though) – it will now be interesting to see if this level acts as support and helps the GBP continue long, or not.
Another Interesting pair to watch is the NZDUSD. I saw this approaching a potential strong level of resistance. It continued through the resistance level into the afternoon, however it has since retraced back down to close right on the support line on my charts, forming a huge bearish pin bar. I’ll be placing a trade to go short on this pair with a target of about 0.70500
Total Invested £1000.00
Unrealised balance £1016.41
My coins held:
- Cardano (ADA)
- Elctroneum (ETN)
- Ripple (XRP)
- Monero (XMR)
- NEO (NEO)
- NEO GAS (GAS)
- Qtum (QTUM)
- DigitalCash (DASH)
- IOTA (IOT)
- Hshare (HSR)
- Ethereum (ETH)
- Verge (XVG)
- DigiByte (DGB)
- SiaCoin (SC)
- Lampix (PIX)
- ByteCoin (BCN)
- Life (LIFE)
- Dentacoin (DCN)
- MyriadCoin (XMY)
- Po.et (POE)
- SteemIt (STEEM)
- Tronix (TRX)
- Quoine (QASH)
- Experience Points (XP)
- Steem Backed Dollar (SBD)
You can see my public portfolio on at: http://bit.ly/EXFCryptoPortfolio
So the crypto decline is expected to continue a little longer. These are the thoughts of my mentors, some of whom have sold out of their coins back to fiat to take out some profit. Their plan is to let the market drop a little more and buy back in again soon, gaining more coins for their money.
For me, this isn’t worth doing as the fees are likely to be more costly than any gains I’d get out of this. For me, all I can really do is hodl tight!
I’m seeing my portfolio steadily sit between 15%-25% loss currently. Coins I hold are holding steady against BTC (or strengthening in some cases) but with the current BTC to Fiat value dropping, the Fiat value of my altcoins are dropping too.
Total Invested £2260.00
Unrealised balance £1838.18
IG.COM shares spreadbetting
I’m checking these and placing trades weekly, and currently holding:
- Evraz PLC (long)
- Thomas Cook Group PLC (Long)
- Mitie Group PLC (Long) – Plummeted through stop loss – loss -£10.22
Mitie was a trade placed for non-technical reasons, but it continued on it’s downtrend and closed at my stop loss.
Total Invested £100.00
Unrealised balance £93.55
Connect with me…
Email me: firstname.lastname@example.org
A boring disclaimer… coz I don’t wanna be sued and stuff!
The information contained within this blog/website and any information contained in any social media account related to EXF Trading is intended for interesting reading only.
I am not qualified or considered an expert in any aspect of trading and the words which I write are my opinion only and not to be considered correct.
If you trade based on any of my information, you do so at your own risk.
I urge you to do your research and make your own conclusions before considering trading.
You are responsible for your own trading actions.
I may provide affiliate links to courses or products I do or would recommend and I may or may not receive a small financial payment for those links.