Optimism price

Today I've sold one #Altcoin after 100% profits Yes, it's finally time to be more active. I've sold a portion of one of my #Altcoins to reallocate towards other ones, so I'll be able to compound those profits. The background: Just a few weeks ago I've decided to swap some of my smaller altcoins & $OP into $PEAQ. A position of $4,500 allocated towards $PEAQ at a valuation of $0.06 per asset. Now, you never know for sure when there's going to be a substantial breakout taking place on the markets, as you can't time those movements. In this case, $PEAQ has rallied towards $0.126 and the portfolio went up massively. The allocation started at $4,500, but became $9,500, while all other positions haven't done anything as of yet. That creates an opportunity, which I'm quite often discussing: - Arbitrage opportunities between timing of the other #Altcoins and their moves, as again, if fundamentally nothing has changed on the thesis, it's very likely to expect that they'll be following. In this particular case, we swapped Optimism, Wormhole and Rocket Pool for PEAQ a month ago. Case - We would have held those older positions In that case, the allocation of $4,500 would still be $4,500-5,000 as the positions have barely moved. Case 2 - We swapped for PEAQ In this case, as we did, the allocation ran towards $9,500, resulting in an upwards result of +$5,000 and therefore the ability to keep on compounding the results. That's great. We're at that point. Referring back to the chart of PEAQ and the previous posts, the #Altcoin portfolio will be traded actively. That means: - I miss some trades as I'll cash too early. - I'll be buying back in too early. - I won't be buying back entirely. That's just part of the entire strategy and you can't really help it as technically, compounding returns will outweigh trying to be the peak top massively. In this case, the valuation was $9,500 and that's great, but we can see that it's quite overextended on the shorter timeframes. - 1D 20-MA is far away - 4H 20-MA is far away at this point - 1W 20-MA is currently fighting as resistance and will probably turn one for a little while. Now, the important part is; we don't have to close the entire position, we can just easily swap a little and compound those returns from this standpoint. In this case, we sold $2,500 worth of PEAQ at $0.1260 and we allocated $1,500 into $W at $0.0908 and $1,000 into $REZ at $0.1192. Again, let's use some cases: If the case is that $PEAQ isn't going to continue moving upwards, then you'd be camping your money into an asset that has already provided the move. Given the fact that I assume and have a thesis that $W and $REZ are about to give the same upside, we're foolish for staying into an asset that has made the move already, so we should be allocating back into other assets (but shouldn't be closing the position entirely). In the case of simply holding the $2,500 into $PEAQ from $0.1260, we'd be down 15% already. By the fact that we've swapped the $2,500 towards other positions and they barely moved, we've saved ourselves that 15% already. Now, let's assume we'll be going upwards with those 2 coins and they double, while $PEAQ remains flat. In that case, we make an additional $2,500 and could potentially rotate that back into $PEAQ at a later point. Active portfolio management By having the ability to be active with our portfolio management, we've secured ourselves the fact that we're back up to $65,000 with the #Altcoin portfolio. Remind yourself; it started with $110,000 and we started buying $OP at $2.25, $TIA at $10 and $REZ at $0.14. If those assets go back to the valuations that we started, by being this active in the bear market, we should be back to $275,000. A profit of $165,000. In the case of $PEAQ, we had two options: - Hold in cash and buy back the same amount (or extra) in PEAQ through gamma scalping strategies. - Allocate towards other #Altcoins to compound the returns. We've clearly taken the second route and I'm sure we'll be trading it more actively to generate a higher return in the coming period. Back in profits in October? Let's go!