I recently made some changes to my sets fee structure which completely phased out performance fees and introduced a small buy fee. I am adding a final piece to the puzzle to form a coherent, standardized, and performance-based structure to my fees. This will come in the form of fee levels where my fees will start off at 0% and will not increase until my sets start generating positive performance.

Below is a table of my fee structure. The first and most important thing to point out is that my streaming fees will be set to 0% for any set where my sets have not crossed about 5% gains yet. Once a set does cross 5% the annual fee is set to 2% for the life of the set and never increased further. …

This article will explain the overarching risk objectives of my Candlestick Price Action sets, currently which are: LINK/ETH, ETH/cUSDC, and ETH/BTC. For details on the trading method that I use you can read that here. In the article whenever I refer to “benchmark” I am referring to ETH which is what all of my Candlestick PA sets are benchmarked against.

Objectives

The primary risk objectives of my price action sets are to take trades that are high conviction and that offer asymmetric risk/reward opportunities. High conviction trades are those trades that I feel offer the highest chance of success (I deem success my first price target at a minimum). Asymmetrical risk/reward opportunities are those trades where for every 1 dollar I risk, I stand to potentially make 2, 3, 4 or more dollars. …

This article is to provide some details of fee changes I plan on implementing within the next week on my candlestick price action sets. I have noticed a trend where holders will buy sets when a new trade is initiated and sell the sets once the trade is closed. Some set holders are using this as a way to pick up gains from a trade but then avoid streaming fees, effectively gaming the fee system. I expect this type of thing to only increase over time.

My solution to this will be to implement a small entry fee (0.25%) that will disincentivise jumping in and out of sets to avoid fees. I feel strongly that having 3 different fees types is wrong so have decided to eliminate my performance fee and go strictly to streaming fees. For that reason I will be setting the performance fee to 0% and increasing the streaming to 2%. …

For those who are current/previous holders of my LINKETH PA set, I have been discussing/working with TokenSets and we may have a market maker who will agree to backstop the LINKETH auctions and provide liquidity. To make this work I will have to communicate with TokenSets actively on potential trade entries/exits before they occur so that the market maker(s) can prepare liquidity and properly hedge in preparation for my set rebalancing.

There are certainly some challenges with this as my trading is quite discretionary so I can’t just say I will enter when ‘x’ and ‘y’ happen, but I can try and provide some sort of confidence window when I think a trade is close to occurring. I am going to give this approach a trial run and see how it works out. If it doesn’t work then I am going back to having a full pause on the set until we figure out a new solution. If it does work out then I will consider the set as fully activated again. I will also limit trades to only higher time frame setups. …

I am writing this article to announce the unfortunate news that I will be pausing trading on my LINKETH PA set and to also explain why.

After having now traded my LINKETH PA set for a few months I have determined that the current issues with high slippage and unpredictable slippage with LINK makes my trading method nonviable on the TokenSets platform. Nobody is at fault here. This is simply the nature of these emerging markets at this time in combination with my style of trading. TokenSets is working diligently to continue to improve trade execution, routing and liquidity.

I will be having the Set team pause the ability to purchase any more LINKETH PA. I will also be setting the streaming fee to 0% so that current holders are not charged anymore fees. If you are a holder of LINKETH PA please make plans to divest of the set. I will continue working with the Set team as they improve the trading side of the platform and will reinstate my the set at the time that I feel my trading method is viable on the platform. I will continue to trade my ETHUSD sets as normal. …

With the introduction of new fee types into TokenSets social sets it introduced a number of new cost dynamics for buyers. From those new dynamics comes a number of questions: What fees types benefit me (the buyer) the most? What fee percentage is the most appropriate? Is there any difference between the fee types or will they all ultimately end up costing me about the same? And many more questions…

These types of questions are right up my alley as I have spent my entire trading career teaching other traders how to perform various cost/benefit analysis. Fees that buyers pay are really no different as they too have their own cost/benefit structures with certain fee models benefiting the trader more than the buyer in certain scenarios and vice-versa. …

I am planning on launching a new set focused on candlestick analysis (see that announcement here). I began my trading journey by using candlestick analysis and have have continued to trade this way.

How long have I been trading using candlesticks?
I began trading using candlestick analysis in 2013. I found this method of analyzing price charts most natural to me. I have traded almost the exact same way over the years. I trade “naked” candlestick charts which means that I do not use any indicators on my charts. The only thing I add to my charts are horizontal and trendline support and resistance levels. …

I am planning on launching a new set focused on candlestick analysis (see that announcement here). This set run the ETH Moonshot X algorithm and include my own discretionary input using candlestick analysis.

The way this new set works is simple, it will be based on the same ETH Moonshot X algorithm but will allow me to override the balancing of the set if my discretionary analysis is in disagreement with it. …