HOW I BOUGHT MORE LUNA DURING THE FLASH CRASH WHILE 45% LTV. (π§΅STEP BY STEP)
1. On Dec 4th we had a flash crash that sent $LUNA from a high of $79.47 to $50.31. This was a 36.7% pullback. π
1. On Dec 4th we had a flash crash that sent $LUNA from a high of $79.47 to $50.31. This was a 36.7% pullback. π
2. Before this crash, I had said that I wasn't bullish enough on $LUNA and sold all other assets to purchase $LUNA at 45% LTV π
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3. My rules of Risk Management (details in my pinned tweets bit.ly ) say that for any loan, I need to be able to pay it back in less than 3 min and that I use cryptocurrencyalerting.com to call me when certain price levels are breached. π
4. When my LTV got to 50%, I took half of my liquid $LUNA and converted it to $bLUNA and provided it on $ANC. But I also planned for a larger drop and sold my other half to put into $UST.
This brought my LTV down to 38%.
I thought I was safe, but it plunged down again. π
This brought my LTV down to 38%.
I thought I was safe, but it plunged down again. π
5. On the second dive, $LUNA went down to $50 and my LTV spiked a SECOND TIME to 50%.
If I hadn't managed at 50% the first time, I would have gotten liquidated
I took all the $UST left that I had from selling my liquid $LUNA earlier and paid down my loan to 38% LTV AGAIN. π
If I hadn't managed at 50% the first time, I would have gotten liquidated
I took all the $UST left that I had from selling my liquid $LUNA earlier and paid down my loan to 38% LTV AGAIN. π
6. It was right after $LUNA hit the bottom of $50, that I saw a large volume candle indicating capitulated selling. This was confirmed by a hard bounce up.
Price bounced all the way up to $65 then retraced back down to $58. I felt this was a gift from God!!π
Price bounced all the way up to $65 then retraced back down to $58. I felt this was a gift from God!!π
7. Because the price had rebounded, AND I had paid down my LTV, my LTV was less than 30% and I had a LOT of capital at my disposal.
I pushed up my LTV back to 45% and went ALL IN $LUNA again at $58.
This gave me about 10% more $LUNA than I started the day with. π
I pushed up my LTV back to 45% and went ALL IN $LUNA again at $58.
This gave me about 10% more $LUNA than I started the day with. π
8. In short order, $LUNA bounced from my entry point of $58, to $78 decreasing my LTV to a very comfortable % and holding much more $LUNA
With the amount of $LUNA I was holding, it was the first time that I made over $1,000,000.00 in a day.
(not $1,00,00.00 ππ) π
With the amount of $LUNA I was holding, it was the first time that I made over $1,000,000.00 in a day.
(not $1,00,00.00 ππ) π
9. In a previous tweet, I said it's not about the money anymore. IT'S ABOUT THE GAME!
Someone asked "What's the game now? And what's the win?" π
Someone asked "What's the game now? And what's the win?" π
10. This trade will go down as one of THE BEST trades of my life
It wasn't dumb luck
I managed risk on the way down
$LUNA gave clues at the bottom, I listened, and reversed position and loaded up.
Then made more in a 3 hours than I could have working for a decade!π
It wasn't dumb luck
I managed risk on the way down
$LUNA gave clues at the bottom, I listened, and reversed position and loaded up.
Then made more in a 3 hours than I could have working for a decade!π
11. Trading for 20yrs has sharpened a skill that has become innate
And it's trades like this that show me I'm progressing.
$LUNA has made it considerably more easy to print money and not everyone needs to "trade"
@stablekwon has created a playground that ANYONE can succeed in
And it's trades like this that show me I'm progressing.
$LUNA has made it considerably more easy to print money and not everyone needs to "trade"
@stablekwon has created a playground that ANYONE can succeed in
12. There are much easier ways to make money in DeFi, but I enjoy what I do
At some point it won't be as enjoyable and I'll do something else.
Thank you all for being a part of this $LUNA-tic community AND my journey as a trader. Let's Go!
#WAGMI
At some point it won't be as enjoyable and I'll do something else.
Thank you all for being a part of this $LUNA-tic community AND my journey as a trader. Let's Go!
#WAGMI
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