TechDev Newsletter - New Structure & Strategy
Hello all,
I hope your weekend is going well.
This goes out to all subscribers, and is to notify you of a change to this newsletter.
There will now be one issue a week, on Sunday. But, it will offer more.
The last week will produce some of the worst emotions you'll experience in this market. I've experienced them. I am down significantly.
I was wrong about the likelihood that our bottom would be found in the 30Ks.
I was wrong about how low many of the alt projects would go.
And I never saw LUNA coming. My sincere thoughts and sympathies are with everyone who lost life savings and more in that atrocity.
Despite the capitulation of the last week (rather, because of it), I still believe the market has been correcting for far longer than since November, and that this "bear market" is closer to ending than many think. More on this tomorrow.
But, there are going to be some changes to my strategy, and what this newsletter offers.
My portfolio is down substantially from its highs.
While they are paper losses, they still represent missed opportunities for capital growth. I always considered myself a long term investor and still remain one, but I will shift my strategy from one purely of accumulation until a single exit, to a mix of long term holding + mid term swing trading.
Rather than hope for one 100x move on the portfolio over several years, I intend to work toward multiple 2-3X moves over the same time.
Today I view my portfolio as though I am buying into the market at current levels, with capital equal to its current value.
Going forward, here is my plan:
Set aside a percentage of my portfolio that I will swing trade.
Look to exit these positions on the 1D-5D timeframe using a pre-set collection of sell indicators.
Re-enter those positions at lower entries on the 1D-5D timeframe using a pre-set collection of buy indicators.
What can you expect from the new Sunday issues?
Continued updates on the Top Gauge and macro wave structure outlook for Bitcoin and the total crypto market
Continued long-term Bitcoin and alt targets, once the dust has settled.
A classification of the different alt projects based on strength, as guidance for which you may want to accumulate near this "bear market low".
Details as to what percentage of my portfolio I am swing trading, and what the risk makeup looks like.
Constant updates on my swing trading activity. When I am selling and when I am rebuying on the 1D-5D timeframes, including the indicators which are guiding that decision.
I believe the crypto space is far from "dead", and that those who enter the market or DCA now, are doing so near the point of maximum opportunity.
If you do as well, then I invite you to join me in working this market with a long-term outlook, at a time when most are leaving in disgust. Just as they have at every point of maximum opportunity in the past.
If you are not a member, and wish to receive issues, you may register here.
I look forward to releasing the first issue under this new structure tomorrow (Sunday).
-TechDev