2023-02-04 18:59:19
How can you improve your skills as an analyst? To do this, you need to test your own analytical conclusions in practice. And to do this, you need to be in the market, take an active part in it. And that is exactly what we do. We are constantly monitoring the market, selecting promising in our opinion projects and include them in our work plan. After a full analysis, if the conclusions confirm our initial assumptions, we invest our own money in project tokens. Of course, to do this we need to choose the appropriate stage of the market. But throughout 2022, market conditions allowed us to acquire assets or average the prices of unprofitable positions.
Again, why are we investing our own money?
It allows us to:
-take an active part in the market;
-confirm our assumptions in practice;
-if our assumptions are justified, we can confidently recommend ourselves to our clients;
-we make a profit from investments.
We do not buy every asset we research. For example, there was a post about the Aptos blockchain. In a report that was done back in October 2022. At the time, the price of the token was about $7-8. But we clearly indicated what the price of the APT token is realistically:
"Based on the possible valuation of Aptos at $4 billion, the price of the coin should be $4. That is, now it is overestimated twice."
And what did we see? APT was down to $3.17 at the end of December 2022. That was a great entry point, today APT is worth about $16. But we had some doubts and distrust of the token. So we didn't buy it.
But to prove our words, we will point out a few assets that we have studied and think they are promising.
1. Arbitrum. The network's token has not yet been released. We have provided liquidity to the largest DEX of the protocol - GMX. GLP tokens have been received for this, which bring about 19% APR. But the goal is not those 19%, but the opportunity to participate in the Arbitrum tokens retrodrop, if it ever takes place.
2. Curve Finance. CRV bought on December 1, 2022 at $0.644.
3. Jasmy. We bought this asset for a small percentage of our investment portfolio back on July 21, 2022, as the company develops towards IoT. It is also a promising market. The purchase price was $0.009185. But then it was decided to do a detailed study of the project. The work on the report was completed in November 2022. On November 8 and November 11, 2022, we increased JASMY in our portfolio at prices of $0.004712 and $0.0038, respectively. Thus, as of today, the average purchase price is $0.0057 and is at breakeven.
4. Chia is an interesting project with Proof-of-Space consensus. It was added to our portfolio back in November 2021. Since then, the price of the asset has averaged out and we managed to get an average price of $45.69 and almost brought the position to breakeven. Today, XCH is trading at $45.5.
These are just a few examples to show that it is important not only to do theoretical analysis, but also not to be afraid to use your knowledge in practice. If you do this, you will become an experienced analyst much faster.
In addition, this experience will allow you to learn a lot about yourself. What kind of analyst are you? A long-term investor, a short-term trader or a scalper? The answers to these questions will help you figure out what information you need to learn. If you're a scalper, you don't need to study the fundamentals of a project in detail. That is, it will be useful, but for a scalper, technical analysis is more important. Conversely, if you are a long-term investor, the fundamental study of the project will determine the future gem.
Important! Everyone who trades on CEX/DEX should definitely use risk management and money management. Remember, if you managed not to lose money on the crypto market, you are already better than many others.
Disclamer: all information is for guidance only and does not constitute investment advice. The above tokens are promising only in our opinion. If you want to invest in them, do your own research.
#investment #trading
15 viewsVlt9, 15:59
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