Short Trading in Crypto

Just realised that it has been some times since I updated this space of mine. Life has been great when I took a big leap of faith to leave NTU to focus on Piggyback and the businesses, at the same time, rebuilding myself as it will soon be one year since it had happened.

I’ve been trying my best to overcome all the negative emotions and putting my energies on myself, kiddos and etc. And even crypto.

Got to admit that I still suck at short trading. The moment I sold on 30 April 2021, it mooned another 20% within the next 12 hours. LOL. Hopefully my $GRT will give me that bang for my bucks in times to come.

Looking back perhaps I need to change my strategies to do short trading. E.g instead of selling what I bought, perhaps I should sell my base value worth.

E.g. I used SGD 1,500 to buy in $GRT at 1.68 thus giving me 885 $GRT and perhaps next time I should sell $1,500 worth instead of selling 885 $GRT to get like a 20% profit margins. HAHAHA.

Just wondering if this will work. And I shall do that the next round. Let me know if you would like to share your tips in short trading. 🙂

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Coinhako – My Favourite Crypto Trading Exchange Platform in Singapore.

Opinions are my own.

🙂 Just wanna share some insights.

Many had asked me to trade on all sorts of exchanges/ platforms from Binance > Coinbase > Biki and all but ever since Xfers did not continue their partnership with Coinbase. I went ahead and scouted and found a SGD pairing exchange –  Coinhako. But why Coinhako?

The answer is simple >
Easier to liquidate to/ via SGD and fuss-free to trade.

When I was with the Blockchain company, I used to trade via IDEX and I had to do coin swapping from IDEX then swap out to ETH/ BTC then from there cash out. During the process, I could have innocently spend unnecessary trading fees on gas/ admin and etc.

But on Coinhako, I would just need to Signup > Verify and Link up 2FA > Trade in SGD pairing > Cash out.

Supporting local companies is important and also the comfort trading in SGD.

Xfers supported up to S$5000 in the digital wallet (due to the Payment Services Act 2020) that you can link to Coinhako and trade. However if you are trading from Xfers wallet, the minimum spend is S$550 and transfer can be reflected within 5 minutes of a successful transfer.

Whereas if you trade from Coinhako wallet, minimum buy would be S$10 however depends on the $Crypto you are looking at. Deposits clearance is daily placed in at 10am/ 4pm respectively.

So in summary, good things about Coinhako:

1. Pairing in SGD
2. Fuss-free on the Banking & Liquidation Part (Link to SG Bank accounts/ Connect with Xfers)
3. Local Enterprise #supportlocal with at least 5 years in this business
4. Great Community via their Official Telegram Groupchat (It’s important to gain some quick insights if you don’t monitor the market and we HODL together.)
5. Daily “Clock-in” Rewards when you logged into the App and Earn Points.
6. Points can be offset for % in trading fee (normally 2-times usage of 25% off on trading fee @ 500 Coinhako Points)
7. Refer-A-Friend and Earn-As-They-Trade
8. Great UXUI – Price Charts and all.
9. Once a while, they will organize some form of gatherings. Yay to free drinks~

Since the crypto market is now facing a little dip, I would take this chance to accumulate coins before BTC halving in May 2020.

Welcome to use my referral code: WILLYNN_576906

Check out my $Crypto Portfolio via the Folio tab above. 🙂

Trade well, HODL till it moons!

Update as of 03 Jan 2021; Bitcoin hits all-time-high. LOL Anyone wants tip me, please send via the following $BTC Wallet address at the sidebar. HAHAHA.

Friday, 13th in $Crypto

Wah, all the stocks are down and including $Crypto. I miss the Ethereum bottom at SGD$135 as I had already went in the previous days on 11 and 12 Mar respectively at SGD$259 and S$272. Goodness and not sure if Friday, 13th or the speech that Trump gave shifted the market sentiment.

I just realised he will be speaking at 3pm US Time on 13 March again which is 4am SG Time on 14 March. NOOOOOOOOOOOOO. I just bought in LTC. Wtf.

I thought right now is a good time to earn my pocket money, not asking donations. #HODL peeps, we will get there. BTC Halving in 2 months’ time.

Crypto Winter, Again.

The crypto charts had been volatile over the past few days, weeks and months. Looking at the 90-days chart kind of emphasized my need and vision to be investment savvy to place the eggs into the various baskets and not just to one crypto investing.

Also, across the spectrum, I had also trade not just one but at least 2 coins to minimize the loss and importantly, ensure that I don’t get overly-heartbroken. You can check out my pots via my $FOLIO.

I believed it will take some time for it to spike back especially $Bitcoin rewards halving will happen in May 2020. It would be an exciting period for all the crypto investors.

To me, crypto investment is more of a savings plan. One must be able to overcome its psychologically and mental aspects to HODL and not liquidate at small chances unless you are talking at a small fraction of what you trade. Sometimes I do that (to finance daily needs) too but I try not to do that frequent.

It’s mentally draining and also, not wise not a long-term trader.

I set a threshold of my losses and also, a timeframe to give it to rise otherwise, I will liquidate at the next possible chance. 😉

Trading is not also a one-off thing but it on another hand, I am those who do a lot of homework to these tradings because I need to know what I’m buying and I will try to envision a long term perspective.

So if you need any second opinions, email me or telegram me for more chat ups. 🙂

Crypto: The Bitcoin Shift (Views)

The Bitcoin had just made an unprecedented shift on the chart to what I called the “unknown region” of USD10K on 22 Aug and this persisted through the past 30 days of trading with dips down to USD10K not once but at least thrice.

Jul 23 – Aug 23 Bitcoin’s Chart, Courtesy from CoinMarketCap.com

30 days High/ Low: $12,273.82 USD / $9,252.30 USD

To be real honest, I didn’t expect Bitcoin to enter the below USD10K region as based on the past charts,  the support level was deemed to be around ~ the USD 10K+/- region. Indeed the volatility in Cryptocurrency is real and many actually asked — if; $BTC will dip further?

In my opinion, it will definitely make a dip due to the traditional stock market movement. I always think that a stronger fiat with ends up with a weaker crypto shift and vice versa as the presence of cryptocurrency is to complement the shortcomings of fiat. And of course there would be more than one factors that will attribute to the dip, e.g. protests at the crypto-centric nations or some important politicals shift in the anchoring countries (China, US, Russia…)

However, with the Bitcoin’s halving that’s gonna happen in May 2020, I personally feel that the dip below USD10K is a good region to enter before the push. However one still need to (1) do some background works, (2) exercise their own due diligence and (3) assess their own risk tolerance (stop-loss strategies) prior to crypto-investing.

To the moon, and beyond.