A Good Start To The Test Position

Yesterday’s efforts had some positives. The purpose of a test position is to find out if your research paid off. But, because crypto still has some unpredictability, you don’t put much money at risk. You create the position. Then, you reload the screen frequently with the hope you will be rewarded. With 6 days to go, I am optimistic.

My MAGIC/ETH position has started out well. With just under 24 hours in the position, I have made $4.47. Considering the time frame and the amount of money invested in this position, I look forward to the earnings at the end of the test. I know it may not maintain the 173% APR. While pleased with the present “Profit & Loss,” I know it can go either direction very quickly. With my focus on “Earnings”, I am okay with this.

As I continue to learn a little bit from each liquidity pool position I take, I know the importance of setting the range correctly. When I set up this position yesterday, I took the range suggested by Krystal. After doing my own research, the MIN and MAX price were similar. At the time I took the position, I was informed this range might give me an expected APR of over 200%.

Being in the middle 3rd of the range is ideal. During the first 24 hours, this hasn’t changed. If the current price goes above or below the range chosen, you stop earning money. So far, this test position looks good.

Finally, if nothing in the crypto world occurred to change the projected APR of my MAGIC/ETH position, I would be happy. Knowing that is not the case, I can still look at this graphic and be hopeful.

You don’t have to make all of your money in one day. This projection makes it clear the attainability of +100% returns.

Will I get over 100% APR on this position? I hope so. If it passes the trial period, I will add additional funds. As long as it stays in range and maintains a respectable APR, I will keep the position active. If it fails to do this, I can rebalance and adjust the range. OR, it will become the victim of another positive test position that needs greater funding.

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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1 Response to A Good Start To The Test Position

  1. Pingback: Crypto Is Always Teaching: Lessons From Opening Test Positions - Algorithmic Trading 4UAlgorithmic Trading 4U

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