Daily cryptocurrency income report, 2023-04-05

Daily #cryptocurrency income report, 2023-04-05: -$74.26*

No charts today. All income was made and lost, via #ACB ('average cost basis') on @TeamKujira blockchain.

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2023-02-28

Daily #cryptocurrency income report, 2023-02-28: -$64.17*

Because I traded both $KUJI and $ATOM yesterday, their #ACB ('average cost basis') dragged my income into the red.

I 'lost' money, making money.

*does not include auto-restaked yields nor s- nor x-token gains

Analysis

It is important to note: I don't trade to lose money. I trade, I make money, and the #ACB tells the tax-man I lost ... on 'average.'

Let's take an example arbitrage from this daily Kujira report.

You see in the final two trades, I GAINED a net 2.2 $KUJI for an ROI of 2.01%. But what does #ACB say my gain or loss was? 

#ACB says that, since I sold $KUJI at an average LOSS, my net LOSS was $37 on those two trades.

This, folks, is th 'magic' of accounting.

Let me reiterate:

I GAINED 2.2 $KUJI in those two trades, but #ACB says I LOST $37-worth of assets in trading-at-a-loss.

You WANT to minimize taxable profits in trade while you BUIDL.

#ACB requires you track your portfolio's value from day 1. Worth it? Yes.

This is the way.

Daily cryptocurrency income report, 2023-01-26

Daily #cryptocurrency income report, 2023-01-26: $33.48*

Despite trading-'losses' on @TeamKujira (#ACB), we ended the day in the green, thanks to yields on @avalancheavax blockchain.

*does not include auto-restaked yields nor s- nor x-token gains

Valuation, Kujira portfolio: 2023-01-27

Valuation, Kujira portfolio: 2023-01-27

invested: $15,444.79

value: $16,875.14

net gain: $1,430.35

ROI: 9.26%

staked: $852.13

wallet: $4,805.022

order book bids: $4,765.36

Supply: $3,200.43

Borrow: -$745.746

LPs: $3,817.766

ORCA liquidation Bids: $180.180

matches supply+stake: TRUE

matches LPs: TRUE

matches value: TRUE

total assets: $16,875.14

discrepancy: $0.00

PnL

@TeamKujira FIN order books: 2023-01-26

Profit: $0.000

Loss: $53.644

subtotal: -$53.644

fees: $0.000

commission: $0.036

total costs: $0.036

Total profit (or loss): -$53.680 on 3 trades

average: -$17.893 per trade

pnl sources 

Assets in play

Analysis

There I go, selling $KUJI, again, at a 'loss' #ACB ('average cost basis').

Let's address something.

As a trader do you want to SHOW a profit? Or a loss?

Sure, we all want to show that we are successful, but here's the thing: the taxman taxes your SHOWN gains.

So, I sold $KUJI, that, by #ACB is valued at $1.05-per, to buy $LUNA at a $1.51-price-point.

$LUNA is currently trading at $2.2-per.

AND I bought that $KUJI in the low $0.4-range.

Did I gain or lose in the trade?

But I'm SHOWING a loss, due to #ACB.

I'll take this 'loss.' 😎

Kujira Positions report

staked, supplied, provisioned, @TeamKujira 2023-01-27

Staked and supplied assets UP 15.07%

LP positions UP 5.17%

total positions:

$7,151.85 invested

$7,870.324 value

UP 10.05%

Daily cryptocurrency income report, 2023-01-17

Daily #cryptocurrency income report, 2023-01-17: -$83.06*

Trades of $KUJI brought income to negative today #ACB 

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2023-01-12

Daily #cryptocurrency income report, 2023-01-12: -$295.04*

Imagine the day I'm MAKING income, ...for my income reports. 😅 But what if my trades, because of #ACB ('average cost bases') are always 'losing' money? 🤔

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2023-01-11

Daily #cryptocurrency income report, 2023-01-11: -$430.95*

It's FUN losing MONAY... LIKE A BOSS! 😎

... no, ... wait. 🤔😳

Losses are from #ACB ('average cost basis'). I don't trade with the intent to lose. 🙄

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2023-01-09

Daily #cryptocurrency income report, 2023-01-09: -$282.34*

Losses come from trading $KUJI, which had a valuation of $1.7 from #AverageCostBasis. 

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2022-12-29

Daily #cryptocurrency income report, 2022-12-29: -$162.27*

Trading with tokens whose #ACB ('average cost basis') IS WAY ABOVE their current valuation makes for a very neggy daily income report.

Bring. It. 😎😎👏

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2022-12-26

Daily #cryptocurrency income report, 2022-12-26: -$188.11*

Sale of $KUJI to arb it wiped out all profits.

And THIS is why @KujiPeruggi doesn't sell $KUJI, eh, m8? 😳😅

*does not include auto-restaked yields nor s- nor x-token gains

No Daily cryptocurrency income report, 2022-12-19

No Daily #cryptocurrency income report, 2022-12-19: -$0.71* recorded from @TeamKujira trades on FIN.

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2022-12-07

Daily #cryptocurrency income report, 2022-12-07: -$55.90*

Thanks to @TeamKujira trade 'losses' my 'income' was ... 'losscome' ... 'notincome' ... 'outcome'? 😅

I will take #ACB-'losses' covering gains, thank you.

*does not include auto-restaked yields nor s- nor x-token gains

Daily cryptocurrency income report, 2022-12-05

Daily #cryptocurrency income report, 2022-12-05: $3.47

Two things make me happy, or angry, or whatever, about this report.

1. Welcome, Fantom Opera, for the very first time on this report, showing income.

2. I made money, despite realized trade-losses on @TeamKujira. #ACB 

No daily cryptocurrency income report, 2022-12-04

No daily #cryptocurrency income report, 2022-12-04, as I recorded a (loss) of -$64.00.

Yesterday's 'income'-making activity was all @TeamKujira FIN trading.

*does not include auto-restaked yields nor s- nor x-token gains

Daily #cryptocurrency income report, 2022-12-03

Daily #cryptocurrency income report, 2022-12-03: $4.92*

Today's income was swallowed up by @TeamKujira 'losses,' as I'm following the 'Buy high; sell low'-investment approach. I'll let you know how that works out.

*does not include auto-restaked yields nor s- nor x-token gains

No daily cryptocurrency income report, 2022-12-02

No daily #cryptocurrency income report for 2022-12-02: -$55.54 (loss)

I only traded on @TeamKujira FIN yesterday, and, because of ACB (average cost basis), my net trade 'income' was a (loss).

*doesn't include auto-restaked yields nor s- nor x-token gains.

Also, wen $sKUJI? 🥺