Yesterday I added the second half of a 100% intermediate term trade to BTS, SYS and PIVX at .00004778, .00003399, and .00073744, respectively.

Today two PIVX scalp trading offers were executed at .00090496 and .00097078 worth 0.13359925 and 0.14331626 respectively. Small stuff: ~1/10 of a percent of the total portfolio - part of the trading book - but little by little they add up. Currently bidding in the low .0008’s to add back one of those scalp positions.

As I was writing this, someone slammed the buy stack and I got filled at .00080743 to re-establish one of those scalps sold earlier. Will offer it around the .00097000 level. That would be $50 profit . . . to give you an idea of how this scalping works – each issue being actively traded is broken into 4 to 6 small positions bought or sold at differing levels above or below current price. As I said above, $50 here, $50 there, and they add up. (As I mentioned before in this thread, this active trading is limited on a per coin basis to 2.5% of the total portfolio, and then that 2.5% is further broken into 4 to 6 smaller parts that are actually traded. This is something that is really outside the scope of this thread and should not be done until you’ve got lots of knowledge and experience; stay with the intermediate term stuff I’m doing and view the short term scalping as an interesting sidelight.)

Now, to answer some questions:

The active trading book is on Bittrex. It’s a good exchange that I can recommend. I’ve never had a problem with them. Most of my LTC is in my own wallet off the exchange. Depending on how things go, I may move part of the intermediate term trades to individual wallets as well. I may even power up some STEEM. I’m also planning to move some more to BitShares. I started with them for the first time a couple of weeks ago and I like what I see there – they’re starting to get some decent volume.

As for ARDR/NXT/IGNIS, I plan to leave them out of the portfolio completely. Got a couple of offers in place on NXT, and with that, I’ll be done.

NIMIQ looks interesting. Could well be one of the “later-gen” winners. Definitely something to take a closer look at I think.

@Ctn, I’ve explained before how I go about choosing the instruments I’m working with so I won’t go back into that, but in so far as risk management goes, it’s the portfolio itself that works to alleviate fear as the bad apples only affect a small part of the portfolio. Setting rules like max scalping size per coin, etc., and then following them is essential. Then there’s portfolio management and automatic rebalancing when certain percentages of portfolio are hit. This takes away a lot of the trading risk in that it doesn’t matter if I think a certain issue is going higher or not because the percentage allocation says sell X amount and rebalance. No emotion, theoretically, anyway. There’s still way too much subjective decision making involved, but I try to make it as mechanical as possible. Then there’s no instant decision making – I’ve got a 24 hour “wait time” for any decision to be made, and everything’s done on daily closing basis data. I don’t use stop losses per se, but I do use stop loss levels, that, once violated, trigger a sell order for the subsequent rally – there’s always a reaction where you can get out, not always without a loss, but most times better than an automatic stop loss as these markets are not exactly liquidity models.

And, yes, LTC to the moon!