It's now three weeks since I started this experiment. My "trading capital" from the bitcoin faucets stands at 287344 satoshis and my profit after fees is 38,758 satoshis, which is a 13.48% return.
Most of that return came from trading DGB. Reddcoin sell orders seem to take a whole week to execute, so I've only managed a few trades there, and other sell orders like Mint and DVC are still waiting to execute - however because the trading capital on those experiments is small (about 10,000 satoshis) I'm content to just wait it out.
But it goes to illustrate how important risk management is - I'm only risking small amounts on each trade. If I'd gone all in on Mint, I'd be twiddling my thumbs with no profit to show yet...
Trading experiment - end of Month 1
Most of that return came from trading DGB. Reddcoin sell orders seem to take a whole week to execute, so I've only managed a few trades there, and other sell orders like Mint and DVC are still waiting to execute - however because the trading capital on those experiments is small (about 10,000 satoshis) I'm content to just wait it out.
But it goes to illustrate how important risk management is - I'm only risking small amounts on each trade. If I'd gone all in on Mint, I'd be twiddling my thumbs with no profit to show yet...
Trading experiment - end of Month 1