AI Related Crypto Portfolio
In short April was a good month, most entries were well made and the AI related crypto projects performed very well - particularly TAO, VIRTUAL & AIXBT.
I have made a few sub optimal decisions so far in May which involved taking profits too early on VIRTUAL & AIXBT and a few poor trades on RENDER & FET.
These mistakes were mainly due to allowing my bias for my short term futures leverage trading interupt my decision making for this portfolio.
My leverage trading bias for the past week was for a pullback and this resulted in me selling some of my position early away from my trading plan.
AIXBT:
I missed out on 44% move up on AIXBT because of exiting too early and not following my plan (although this has since retraced 14%.
VIRTUAL:
Sold prior to the recent 44% move up.
Once i had went off my plan, it took me a little time to decide how i would guide myself back on course. As i type this i think i am back to a position i am happy with, more updates to come.
Part of trading as i have learned:
- Review the trades
- Accept the mistake
- Make a thought out decision how to get back to my plan
- Move on with no emotions regarding the losses/missed gains the mistake has caused