I thought I already buried the trader in me.
I entered the Philippine stock market in 2015 with a long-term mindset. It was then the peak of the bull market. I was clueless at that time. I thought I was a genius because all the issues I bought were winning.
However, I observed a scenario that I was not prepared. I saw my portfolio gaining 500.00 to 1,000.00 PHP every morning only to see it disappear in the afternoon. After a week, I decided to shift from a long-term investor to a short-term trader. I didn't foresee that I was heading into a financial disaster.
I forgot the exact month when the bull market ended. I think it was around March 2015. At least, I had a three-month experience of how it feels to be in the bull market.
When the bear market started, no matter how cautious my choice was in selecting a stock, seven out of ten were ending in a loss. To make the long story short, I ended 2015 with a 49% loss in my portfolio. That's equivalent to 98,000.00 PHP or close to 2,000.00 USD at that time. That's huge for a small account of 200,000.00 PHP or 4,000.00 USD.
As a result of that disastrous experience, I started to study technical analysis. It was then that I learned the basics of Elliot Wave Theory, Mark Minervini's Volatility Contraction Pattern (VCP), as well as the use of moving averages and Fibonacci. Since then, my results changed. This is how I described in December 2019 the transformation of my trading strategy:
At last, after 5 years, I am now able to keep my trading records. The months of January, March, May, and June to September were profitable for me. On the other hand, except for October, my biggest loss for the year was 6.39% month to date; the months of February, April, November, and December were also losing months, but just 1% and less. I thought that I would end 2019 with more than a 50% gain, but the last three months were tough, from October to December, reducing my year-to-date gain from 43.80% down to 31.93%. Source
Keeping a journal and sticking to my technical analysis made my succeeding years profitable. The bleeding stopped and beginning 2016 to 2021, though minimal, my years ended with consistent gain. Even the pandemic year opened a trading opportunity for me. Unfortunately, the entry of Omicron seemed to crash the stock market at that time. The volatility stopped and almost the entire issues in PSE appear dead.
In August 2021, when I providentially stumbled upon Hive, that was also the time I left the Philippine stock market except for holding one Telecom stock.
So all in all, I have been in the stock market for almost 8 years. Those were the years when I was a crypto basher. Realizing the real character of cryptocurrency, I think comparing the two markets is ridiculous. Or perhaps as I said in my blog post, the reason why I came up to this conclusion is because my first encounter in cryptocurrency is not with the "mooning" projects but with Hive. As a result after 11 months on Hive, I gained a total of 78.88% ROI. And take note, this happened during a Bear Market!
This article went longer than I expected. I have never told yet the reason for the awakening of my trading instinct. I think that will be a topic for the next post.
Grace and peace!
Posted Using InLeo Alpha
It's a great read! Just a very abrupt ending without telling about how or why the trader is back from the dead 😁
It was enjoyable to read though, and well done with that ROI.
Is the ROI based on usd og or $HIVE?
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It's in USD.
!PIZZA
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That is a very nice ROI then! 👏🏼
!BBH
I think the story will be very different if it happens in a bull market. 😄
!PIZZA
If the ROI is in USD, and your funds are in HIVE, then imagine the ROI when we have 1 HIVE = $1 🤯
Yes, that's the goal and that would be very impressive!
@rzc24-nftbbg! @caspermoeller89 likes your content! so I just sent 1 BBH to your account on behalf of @caspermoeller89. (5/20)
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@rzc24-nftbbg! @caspermoeller89 likes your content! so I just sent 1 BBH to your account on behalf of @caspermoeller89. (1/20)
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$PIZZA slices delivered:
@rzc24-nftbbg(3/5) tipped @caspermoeller89 (x2)
The 78.88% ROI, is that plainly via spot trading? Or you also include other Hive income streams (e.g. HP stake, upvotes, etc)?
All the digital assets: liquid and staked HIVE, Hive Engine tokens, and all assets in Splintercards including the cards.
I listed the details here.
Got it, so it's total yield then. It's great you were able to track all your capital spent. In a way, you are well-diversified within the Hive ecosystem. Splinterland assets may have decreased in value (I started 2021 so incurring much more losses), but at least your Hive Power gained a lot with your blogging et al. Congratulations!
If I compute it now, the result will be different because some Hive Engine tokens seem to disappear. CTP and LISTNERDS for instance, I have a medium size stakes there. As you mentioned, the Splinterlands' assets also depreciated. HIVE too is down. If I compare the cash I invested with the value of my total assets, it's more of a break-even. The big difference is in the size of the holdings. Once the price picks up, I think that's the time we will see.
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