Haejin Portfilio - Day 1

I am going to follow you to see where this will go. Good thing that those are not real money! :) I also upvoted all of your posts because why not. Best of luck!

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2 votes

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truthtrader (59) 7 years ago

I never put real money on anyone else decision. I have to make my own decision after some research and using techniques that i spent some time studying.

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3 votes

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thabiggdogg (56) 7 years ago

It's only meant for use as informative or entertainment purposes.

@Haejin You do not provide any entertainment. I brought you some.

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1 vote

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kirbyhopper (44) 7 years ago

How are we going to know if he or she's picks outperform the "market"? Without that this is a waste of time.

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1 vote

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truthtrader (59) 7 years ago

Define "Market"

It is not a waste of time, because is tracking his predictions of what would happen if money were used to buy the assets.

If you are saying that i should compare with other "technical analysts" you are wrong.

Each analyst have its own performance rate.

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2 votes

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kirbyhopper (44) 7 years ago (edited)

No, track it compared to the "market" the way stock picks are compared to the Dow Jones or S&P 500 to see if someone's portfolio actually outperforms some measure of the average of the market without humans picking stocks. Haven't you ever heard someone brag about their stock picks when some unmanaged market index actually outperformed his portfolio? That person made some bad picks but thinks he's done well just because the market as a whole did well.

As far as I know there is no such thing as a crypto index but it wouldn't be hard to come up with one just using the top 50 in market cap and give weights to each according to their market cap. Maybe I should create it and call it the Kirby Hopper 50 LOL!

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2 votes

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truthtrader (59) 7 years ago

Thank you for the clarification. Comparing the performance with an index is a good indication, but for that we would need a index percieved by most of the players on the market as reliable.

I Will do some research to see if i can find any good index.

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3 votes

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crypto2crypto (63) 7 years ago (edited)

Nice. I'll keep the resteems coming.

Ill be sending over SP shortly

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1 vote

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mornevd (7) 7 years ago

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1 vote

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raycoms (70) 7 years ago

I think it would be interesting to compare the payout with the average coin price, this way we can compare his investment advice with the average crypto movement.

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1 vote

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truthtrader (59) 7 years ago

The average movement of each currency is already there on the gain/loss column.

If you buy $1000 or $10 and the price move up 10%, your invested money will also move up 10%

$1000 Will become $1100, and $10 Will become $11.

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raycoms (70) 7 years ago

I meant the average movement of all altcoins.
Meaning: If you would invest randomly would you be better off than investing with Haejins advice.

If all cryptos go up, did the average one move better than his advice?
If all go down, did the average go down stronger?

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crypto-econom1st (57) 7 years ago

Lol, I actually planned something similar. As I noticed in 2 samples that analysts are very bad in predicting a sentiment change in the market. In both cases 4 out of 5 analysts did not predict the sentiment change.
So I thought it might be nice to check this more often.

Anyways I think your idea is even better. And if I do a TA on your number of followers, I see a very strong uptrend for the coming weeks 😀

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1 vote

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truthtrader (59) 7 years ago (edited)

There is good analysts and bad analysts. The only way to make sure is to actually check if what they say actually happens.

Also, good analysts aren't 100% right all the time, but their hits are higher than their misses.

Also, is Always good to make your own tracking and draw your own conclusions.

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