2018-01-16 Dollar Cost Average Log

Commentary: My intention is to accumulate Ethereum over the course of 2018 through dollar cost averaging.  My plan is to make daily purchases of approximately $100.00.  I say approximately because I’m using limit orders on GDAX to avoid paying a service fee.  Coinbase wants to charge me $2.99 per transaction if I use their automatic purchase feature.  That would translate into $1,091.35 (2.99 x 365) of fees!  Absolutely insane.

In a perfect world I would have started my daily purchases on January 1st.  Unfortunately the funds I deposited into my GDAX account didn’t become available until the 12th.  This explains the multiple purchases– I’m trying to “catch up” as the market presents opportunities.

 

7:36 UTC Purchased .083 ETH @ $1215.00 per ETH. Total cost: $100.24

ETH Accumulated: .555
Accumulated Cost: $726.74
Total Market Value: $674.33
Unrecognized Gain/Loss: $52.42 Loss

 

 

8:14 UTC Purchased .09 ETH @ $1115.00 per ETH. Total cost: $100.35

ETH Accumulated: .645
Accumulated Cost: $827.09
Total Market Value: $719.18
Unrecognized Gain/Loss: $107.92 Loss

 

 

9:49 UTC Purchased .099 ETH @ $1015.00 per ETH. Total cost: $100.49

ETH Accumulated: .774
Accumulated Cost: $
Total Market Value: $755.16
Unrecognized Gain/Loss: $172.42 Loss

 

9:28 UTC Purchased .107 ETH @ $935.00 per ETH. Total cost: $100.05

ETH Accumulated: .851
Accumulated Cost: $1,027.62
Total Market Value: $795.69
Unrecognized Gain/Loss: $231.94 Loss

 

22:27 UTC Purchased .117 ETH @ $860.00 per ETH. Total cost: $100.62

ETH Accumulated: .968
Accumulated Cost: $1,128.24
Total Market Value: $832.48
Unrecognized Gain/Loss: $ 295.76 Loss

2018-01-09 Trading Log

10:16 UTC Limit Order Executed – Purchased 10.5 LTC @ 246.90 USD
12:30 UTC Entered Limit Sell Order 10.5 LTC @ 249.90 USD
15:01 UTC Limit Order Executed – Sold 10.5 LTC @ 249.90 USD

15:01 UTC $31.50 Trade Gain.  Cumulative $91.50 Gain.

15:11 UTC Entered Limit Buy Order 10.5 LTC @ 250.01 USD
15:13 UTC Limit Order Executed – Purchased 10.5 LTC @ 250.01
15:13 UTC Entered Limit Sell Order 10.5 LTC @ 259.99 USD Cancelled 17:10 UTC
17:15 UTC Entered Limit Sell Order 10.5 LTC @ 256.80 USD
17:37 UTC Limit Order Executed – Sold 10.5 LTC @ 256.80 USD

17:37 UTC $71.295 Trade Gain. Cumulative $162.795 Gain.

18:40 UTC Entered Limit Buy Order 11.5 LTC @ 239.72 USD Cancelled 21:44 UTC
21:44 UTC Entered Limit Buy Order 11 LTC @ 250.01 USD
21:54 UTC Limit Order Executed – Purchased 11 LTC @ 250.01 USD
21:55 UTC Entered Limit Sell Order 11 LTC @ 258.79 USD

2018-01-10 12:02 UTC Commentary: LTC is now trading at $241.19 on GDAX.  Earlier the price dipped well below $239.72 my original Limit Order Buy price.  This is a lesson in trading patients.  I wasn’t willing to wait for the market to reach what I originally thought was the right price to buy in.  A costly mistake.  Now I’m down $9 per coin and will need even greater patients to wait for the price to recover.