Progress Report #6 (7th Mar-20th Mar)

The last two weeks have been a mixture of exhausting IRL work, some laziness and a dose of true productivity.

Its painful that life gets in the way of what you really want to do, unless you shove it away and make your intentions rock solid. One day soon, I’ll have that conquered.

An update to sleep pattern - waking up earlier on average but finding that if the night’s sleep isn’t great, I wake up ridiculously tired. Likely going through an adjustment period so I’ll keep working at it.

Customer Perspective Q1 Goal

Select TWO exchanges that represent best value for fees and security of funds.

Previous goal: have a demo account setup so that not all trades have to carry monetary consequences.

Demo account setup on Demo HitBTC - haven’t placed any trades yet but seems like it will do the job, even if the UI is somewhat basic.

Goal for this week: place a trade on this demo account.

Internal Business Perspective Q1 Goal

No update on this but included for reference.

Purchase and install custom build PC suitable for trading and other intensive activities.

In previous posts, I've explained my decision to go with a pre-built PC. This works for me and will work well for what is required (performance/longevity).

Unless I get an unexpected lump of cash, I'm not expecting this to be purchased by 30th April unfortunately. Being in a committed relationship costs money ;-).

Innovation and Learning Perspective Q1 Goal

Complete study of Technical Analysis Explained by Martin J Pring.

Previous goal: complete chapter 1 and 2 with write up for each major topic in the chapters.

Easily guessable from the application posts, I’ve covered more than the above but the timeframe was doubled so that should be expected. I want to continue posting application posts and aim to do another one by the end of the week.

Goal for this week: post another application post.

Financial Perspective Q1 Goal

Survive - by the end of this period of trading, initial investment should still exist in it's majority and no further capital should have been added.

Sticking with last weeks update:

It's safe to say avoiding the chop is probably the best option for now. I'm down on my initial capital by 5% so I will take a pause for now and focus on learning. Any trades I do will be via a demo account with clear parameters. No goal for next (this) week, just focus on learning.

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This has been a rushed update but It’s clear I need to change something as progress isn‘t happening at the pace I want it to…soon…soon…that’s what we say in crypto, right??

See you next week!