The public deposit on Binance dropped by 3.4% in dollars and increased by 7.0% in rubles over the month. And it decreased by 6.65% in dollars, but grew by 8.73% in rubles based on the results of two months of maintaining a public account on Binance. It is clear that losses and profits are mostly unrealized, that is, the balance is floating and depends on the exchange rate of coins and the exchange rate of the dollar to the ruble at a given time. Since I trade long-term (distance), I’m generally in no hurry to quickly jump out and realize profits/losses.
$948 was on the date of May 10 at 78 rubles per dollar and $916 on June 10 at 82 rubles. Now there is $885 in the account with an exchange rate of 90.85 rubles (screenshots were taken on July 10). I wrote about the usd/rub pair back on May 21st and repeated it more than once in the future. Still, for citizens of the Russian Federation, profit in rubles is initially important (not an excuse)). But colleagues from other countries, accordingly, need to carefully monitor the exchange rate of national currencies to the Baku currency.
In terms of dollars, my average is about 70 rubles. Fixed in small parts Teasers in rubles at 82.26/83.72/87.98 and at 91.02 rubles. In total, I sold approximately 7-9% of the total cache in usdt. If it goes into the 93-96 ruble zone again, I will sell another 1-3% of the stables in rubles. What to do with the rubles later? I will buy additional stables again in the range of 76-83 (if the ruble gets stronger there) or buy viola/cue ball for rubles on the spot.
Now at the end of the month. As I said earlier, after the dump of 10.06, I expected that the bulls would not be allowed to enter so easily and the correction would continue by another 20-30%. Having accumulated short positions for about a quarter of the deposit, prices for the vast majority of assets went against me. I calmly waited for the decline, simultaneously trying with short stops, where I considered it appropriate, to open hedging longs of 7-8 coins.
As a result, by July 10, the market had cooled down, unrealized short losses decreased, and hedge longs were closed at zero or a small minus. Only DOT managed to close at +6%. So, as of today, nothing has changed, my setup is the same - I hold shorts on alts and BTC without stops, watch the market (I’ll write about it a little later), and if necessary, I take long positions with stops here and there. in case the market suddenly decides to continue going north.
In addition, the other day I closed most of CHZ on Binance in the red (I took it long back in May) and took three shorts of 1% of the deposit on uni at 5.080, dydx at 1.960 and on ftm at 0.293 on the second shoulders. Also, I took it yesterday and for now I am holding two longs (also 1% of the bank): cake at 1.510 and 1inch at 0.33. Well, I already mentioned above about fixing stablens in rubles.
What mistakes did you make, in my opinion, from 10.06 to 10.07? The only mistake is that, as often before, I started to follow the general trend too early, without waiting for a rebound (in this case, a long rebound). Temporarily freezing some of the funds at worse prices. I swore not to do that again) It’s better to sit on the fence once again and watch the development of events from the sidelines if you trade mainly in the medium term.
On the other hand, not having the habit of cutting up assets, I kept almost the entire deposit in the cache, which gave rise to the ruble. And shorts essentially imply the preservation of a nominal cache, so in principle almost the entire deposit is in one way or another in the stables at the moment.
