I am trying out a new contrarian strategy using play money on Delta.
Every month I would set aside $3k (For 30 days in a month)
Every day, I would BTFD and put $100 into the the biggest negative 24hr % change for all Alt/Btc
on Binance. I do not put $3k all at once or something because its to lower the risk of catching a falling knife.
If there are no coins in the red, I would not buy at all for that day. and that extra $100 would be
added into my fiat stash to be redistributed equally for the remaining days on that month. (Edit:
I think it makes more sense to redistribute it to the next 30 days rather than remaining days of the month).
I simply HODL and do not sell except if the coin that I own happens to be the biggest positive 24hr % for all
Alt/Btc, which I would sell all holdings and then redistribute the fiat into the remaining fiat stash.
I do not have a specific time of the day to buy, but I will do it every day on the first moment when I log in to Binance
for that day.
So far i'm two days in into the experiment and results seems good:
I bought 270.74 RDN on 12 sep and 2195.43 GO today.
Total capital invested = $200
Total capital now = $211.39 (haven't taken 0.1% binance trading fees)
after fees would be approx = $210.89 (Taking into account 0.2% trading fees, 0.1% for fiat to btc, and another 0.1% for btc to alt)
Would update in between if you guys are interested.