Wednesday, October 23, 2019
Five Losing Bitcoin Trades in a Row
The bad news is that the worst historical losing run in Bitcoin is eleven losing trades in a row. The good news is that least we now have the losses more under control after adopting position sizing and a constant (more or less as we use rounding of contract numbers) maximum dollar risk. I am also now 100% disciplined in following the algorithms. That was a big struggle. We are now back to short again.
Without slippage the previous trade would have been a $120 win. We had a $30 loss. The last trade though was a $2,000 loss when rounded up to two contracts.
Mortgage Redrawn
Now to transfer the money to investment. This is how I account for this re-structure:
Almost all our historical savings from wages etc ("current savings") have now been converted into housing equity and extra retirement contributions. Housing equity is now a few hundred dollars short of the value of the house as I left a small amount of the mortgage unpaid in order not to potentially trigger something undesirable by totally paying it off.
Tuesday, October 22, 2019
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