Introduction
Morning everyone. Hope you are all doing well today. Still on the mend but I can feel myself getting better. Hopefully, this will continue and soon I'll be back at 100% and ready to plough through every and all obligations that I have. There's a lot on my plate but over the next week or two ill be able to get a few of the things off my plate which will free up a lot more time for me to focus on the projects that will actually produce results.
My posts are finally starting to pay off a bit which is nice as it gives me a small stream of Hive to buy different things that I want. Mainly DEC and VIP as they are the most beneficial to me in my current situation. The DEC compounding my SPS and the VIP compounding my HIVE rewards.
Part 1 - Crypto (Not Financial Advice)
The whole market is having a pullback which has meant that none of my sell targets have been hit and as such I'm currently holding the bag on my trades. Down by about 30 dollars. So let's jump into my positions and how down bad I am. A few things I noticed though were the sharp drop in BTC dominance combined with a much tighter range between the BTC and Alt drops which suggests to me that we might be seeing some good rallies from alts over the next few days.
BNB
I entered BNB at 432.3 and since my entry 3 days ago I have lost 4.6%. I bought 46 USD worth. It is now 43 USD. My biggest mistake though all of this was not taking profits and not taking smaller losses. From now on I am going to trust my trendlines more to provide me with potential sell locations.
ROSE
As ROSE is my biggest position it is also my biggest loss in terms of USD. Currently down by over 7% on my entry at 0.31717 USD. My starting capital for this trade was 160 USD. Down to 148 USD now but it seems like it's going to recover soon.
THETA
My entry at 3.83 net me some profits on my original investment of 166 USD. selling off 75% of my position at 3.87 and leaving the rest to ride. I only have 28 USD left in the position and am waiting for it to recover so I can finally close all my positions.
AXS
I opened a trade on AXS at 62.59 then sold a portion at 64.24, thinking the pump would continue I bought back in almost right away. This has meant that it has become my second-largest position. Currently worth 87.44 USD. Down over 10% so that trade was a mistake.
Part 2 - Projects
In terms of personal projects, I have been neglecting my blender practice a little bit as I have lots of other stuff on my plate and want to see if I can get them out of the way first so I can focus my full attention on it.
In terms of my other NFT projects, they're losing a bit of steam but I'm hoping that a few key changes will bring people back into the projects and bring engagement back up.
It is a bit disheartening to see the lack of interest but it is understandable as there have been some issues with one of my projects out of my control. I'm realising more and more that spending time on the project is actually doing more harm than good so if I don't see engagement from it this weekend I will be dropping it and moving on to focus on the projects I am doing myself.
Conclussion
The market is dumping and everyone is freaking out but hopefully, it will see a shift soon thanks to the break of trend on the BTC dominance.
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