EVAI is the world’s first decentralized, crypto-assets rating platform, where ratings are awarded based on unbiased AI and machine learning algorithms. It offers a new way on how to effectively minimize your risk and maximize potential profits. It’s very versatile and, thus, can be used by amateur and professional investors alike.

Here comes the third week of our trading challenge using the EVAI platform. If you missed our first-week update, just get it over here.

Amateur Investment Strategy Using Ratings from EVAI

Andrej here. I’m spearheading the amateur investment strategy and I must admit – even paper trading can be hard and stressful. I would like to share with you my investment journey over the last 3 weeks. This is our strategy:

  • We are selecting coins from the top 150 by their current rating.
  • We’re looking at those that jump from Bs into As in their current or 7 days rating – the bigger the jump, the better.
  • With the ranking going up, we want those whose price remains the same or is going down.
  • We do a further check looking at the 30 days rating to confirm the upward trend.
  • We divide USD 5,000 equally into 5 coins (USD 1,000 into each) using the method above and then close it when the ratings change.

As you can see from our previous report I bagged a 16% increase the first week. In the following two weeks, I closed another 2 positions. By now I’ve increased my initial capital by 44%. Here’s the good, the bad, and the ugly:

  • $XSN – I bought at a price valley. But I was too greedy waiting for the price to go even higher. Then it suddenly tanked as well as a rating. It went under my buying price and I was afraid to sell it. Now I’m waiting for the price to recover. The rating shows promise because it just went from B3 to B1.
  • $PRE – Moved in when rating went from A3 to A2 on 8th September. Then the rating oscillated between A2-A3. So on 28th September, I decided my profit was enough and I closed the position with 57% profit.
  • $CDT – Bought it when it reached the #1 spot from the entire A2 category (best rating) on 9th November. I sold it on 28th September because it stayed with an A2 rating all the time. I felt like it was time to take my profit of 81%!
  • $AST – It turned out that I bought this one too high. Initially, I held it, then the ranking increased by 1 level. I wanted more profit, but then the price went down slightly below my buying price with the rating staying the same. After some time both rating and price came down suddenly, but I was too afraid to take a loss. I’m thinking about closing this position and moving on.
  • $UBT – I think I misjudged the buying signal on this one. I came in on 12th September, when it had the highest rating (#1 spot in the A2 ranking category). But looking back it seems that this was a sell signal because it was one of the highest prices in the last 17 days. Now I’m thinking about cutting off the losses and moving on.

Trading Results From 8th Until 29th September:

  • Starting portfolio – USD 5,000
  • Current portfolio value – USD 7,213
  • Profit – 44.3%

Professional Investment Strategy Using Ratings from EVAI

Just for the recap, here’s our strategy:

  • We will select coins that have made a significant move in ratings (1-3 points).
  • Volume of those coins will be monitored.
  • We will identify the support and resistance zone for long/short.
  • RSI and Fibonacci retracements and extensions will be used to figure out suitable entry and exit points.
  • We will open leverage positions.

Pratik in doing a great job. Here you can see the breakdown of his positions:

  • $REN – Opened REN long position on 8th Sept with a 5X leverage position as it was in the A2 rating and closed it on 20th Sept when the rating dropped from A2 to A3.

  • $IOTA – Opened IOTA long position on 8th Sept with a 5X leverage position as it moved from A3 to A2 rating and closed it on 10th Sept since we couldnt track IOTA on Evai anymore.

  • $MX – Opened MX long position on 8th Sept with a 5X leverage position as it moved from A3 to A2 rating and closed it on 14th Sept when the rating dropped from A2 to A3.

  • $XDB – Short position is still open with the 3X leverage position as rating dropped from A3 to C1 on 8th Sept.

  • $PICKLE – Opened PICKLE short position on 8th Sept with a 3X leverage position as it moved from B1 to C2 and closed it on 20th Sept when it moved back up to B2.

  • $KSM – Opened KSM Long position on 10th Sept with a 5X leverage as it moved to the highest rating spot.

  • $DOT – Opened DOT Long position on 14th Sept with a 5X leverage as it moved to the highest rating spot and closed it on 20th Sept when it moved back from A2 to A3.

  • $CELR – Opened CELR Long position on 20th Sept with a 5XX leverage as it moved to A3 but price had dropped and closed it on 30th Sept.

Trading Results From 8th Until 29th September:

  • Starting portfolio – USD 5,000
  • Current portfolio value – USD 9,567
  • Profit – 91.3%

 

Current Opened Positions

  • $OMG Long – A3 to A2

  • $BMX Long – A3 but price has dropped

  • $MDT Long – B3 to A3

  • $APL Long – B2 to A3

  • $CRV Long – B2 to B1

  • $XDB Short – Mentioned Above

  • $KSM Long – Mentioned Above

Trust But Verify

As a verification, we are taking snapshots every time we enter or exit a position in this trading challenge. You can see the entry or exit price and the rating for each trade below.

PRE & CDT Trade Exit

Check out the video below that dives into the latest results of the EVAI challenge.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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