I tracked my Smart BCH profits~lost half of my portfolio
07-02-2022
It's been so long since started tracking my Smart BCH profits and losses or each and every trades I've been doing DeFi since it's hard to know at which point you exactly bought specific token and if you're selling in loss or accounting profits
It's very clear to know about each of your steps or decision being made in Smart BCH with the help of spreadsheet and first month when it was my first time working on tracking i was so messed up with each and everything was blur and so confusing from that point i started learning and after working on my mistakes I've reached to a point where I'm confident enough to track my loss and profit, handling Smart BCH portfolio in a better way
Previous month was the first month of new year and it was begining of my very new journey so It was in my mind to make something first month special in smart BCH and there was so many hurdles and failures in my way still I've been able to keep my portfolio at it's best didn't lost too much and to know more about Jan smart BCH track record keep reading till last.
To know about my previous Smart BCH track
Flashback to Dec Smart BCH profits
Last time it was too unexpected seeing my progress and that time i was too sure about loss and losing my portfolio but when i tracked the outcome was unexpected
We all love going back to flashback and let me take you back to December
My last time successful trade ratio was over 70% and only 30% trades was unfinished which was also successful in next month
So in month of dec total profit from Smart BCH was 0.92BCH
End of flashback.
Coming back to first month of the year profits and losses is apart of journey and by seeing title you may realised I've lost something or maybe not, I'm not too sure so find out by yourself.
I tracked my Smart BCH January profits
It's been a whole week now since it's new month and was too lazy to find a time and track my profits but at last yesterday i was on my laptop and decided to finish my work and now I'm ready to share my January profits with you
In 30 days I was able to make 0.92BCH profit from Smart BCH in January.
And it's quite shocking, i was shocked for a while because when i checked December profit it was also 0.92bch and after a month once again it is same no changes in profits at all.
I've been unsuccessful choosing a good token in January that's why my profit isn't too big compared to others
And believe me 0.92BCH profit a month from Smart BCH is too less like other peoples are making 1bch each day and I'm not able to make it in a whole month so there's nothing to celebrate or brag about I'm just sharing to motivate and remember what i was doing back.
Successful Trades ratio is too less
This past month trades ratio is too less as compared to previous and as i said did some mistakes choosing tokens, i was investing in every token with no potential or value that's why i also lost more like 0.3BCH investing in useless tokens and this isn't available in track sheet
But thing I'm talking about is something else, in above track list you can see "Green cells" which represents unfinished trades in month of January
And you can see more than 60% trades are unfinished maybe because I'm stuck investing in project or they're for long term holding.
Some of these projects holding for long term
Holding Daiquiri for long term (unfinished trade)
GAME is for long term ( sold AXIEBCH and bought Game)
Fire tokens for long run (till it dex)
Also invested in some of tokens which are stuck or I'm in loss such as STO,Mist, Joy and few more
Only side effect of investing in every single project with no volatility.
Most Favourite token in January
Now I'll always check out token i invest most in a month and in January this achievement is unlocked by $GAME because I've invested more than 15-20 times in this token so make sense to be my favourite token in January.
Currently after AXIEBCH my favourite token in Smart BCH is GAME because it is adding more value into project and they're developing game as well coming out in march so holding game token for long term and buying more in every single dip.
Worst investment of the month
Their only a one token which become my mistake and it's clearly Mist or xmist token, i thought invest some of amount in these two token and will bring good returns but i forgot that mist and xmist has been controlled by big whales farming in mistswap
So i lost 0.13BCH from both of these mist and xmist tokens in month of January
And also CST was worst performing token too, bought some because it was already too low and it's neutral not in loss nor in profit so it's safe investment.
I invested more in NFTs than sep20 tokens
These first two months we all know NFTs is trending over smart BCH and that's why i divided 50/50 to invest in both sep20 tokens and NFTs
Also because of NFTs I've seen a huge impact on tokens prices they won't perform more like before just because of NFTs so it's too hard to make profits without any pre sale and new thing
That's why investing more into NFTs instead of sep20 tokens and also stuck minting some of NFTs or i can say money is gone.
For now I'm controling myself and learned how i can manage consistency in both NFT and sep20 world and in conclusion i decided to mint NFTs less or too hyped project launching in Smart BCH.
Invest safely in NFTs and more focused on sep20 market or new projects launching this will be my strategy from now.
Anyways I'm happy with previous month progress and trying to be more good, my dream is too reach 10bch before end of first quarter and one healthy month will make this dream comes true so won't give up till end.
For now let me know how i pranked you with title, haha i didn't lost anything it was just a test so let me know how you're doing in Smart BCH and I'm off to work on my current month tracking
I still need to finish working on sheets, planning to make a new one so i can track NFT progress well but it will be too hard because I'm also tracking my expenses so might share my expenses next time.
Wow congratulations in getting a profit of 0.92 from smartbch, I think you already have 10 bch am I right or you have more than that?