The Shrimpy Team is excited to announce the release of a new way to manage portfolios in the Shrimpy application. This brief article will provide an introduction to how this feature works and important details that may affect the way you interact with Shrimpy.
Let's get started by going through how to create a new "Portfolio" and how to transfer funds into that portfolio. Finally, we will finish the discussion with an example on how to begin automating both of the portfolios using individual (separate) strategies.
Multi-portfolio is a feature in Shrimpy that allows you to manage multiple portfolios for a single exchange account. That means if you currently only have 1 Binance exchange account linked, you can break that one exchange account into multiple portfolios and manage each one separately.
By default, every exchange account you link will have a default portfolio. This is where the funds you deposit to your exchange account will show up, it will also be the place where we will initially remove funds when you take funds out of Shrimpy.
You do not need to create multiple portfolios if you don't want. You can always use Shrimpy with a single portfolio. That one portfolio would be the default portfolio.
Creating a second portfolio
At the top of the dashboard, you will see text that says "Manage Portfolios". Click this button to open the "Manage Portfolios" dialog. This is where you will create your portfolios and transfer funds between those portfolios.
Select the big button that says "+ Create Portfolio". This will create a new portfolio and label it by default (this name can be changed).
After clicking the "+ Create Portfolio" button, you will see the new portfolio populated in the dialog. It currently has $0. In order to fund this portfolio, we will need to transfer money into the account. Let's do this by clicking on "Portfolio 1" or "Portfolio 2".
If we click on "Portfolio 2", you will see the different assets that are in this portfolio. You can then select which assets and how much you want to transfer to the other portfolio.
Once we have selected all of the funds we want to transfer, we can go ahead and click "Move Funds". Just make sure you have selected the correct portfolio to transfer the funds to in the drop-down next to "Transfer funds to".
We can now close out of this dialog and start managing our individual portfolios.
There are two different display views for how you can see your portfolio. There is an aggregated and individual view. The aggregated view will combine all of your portfolios into a single view. The individual view will break up your portfolios into each individual portfolio and allow you to view them separately.
Picking between these views is done at the top. You can see the two icons in the middle. These two allow you to select between the different views.
Selecting Automations for Each Portfolio
Now that we have our portfolios set up the way we want, it's time to begin automating these portfolios. The great thing about Shrimpy is you can automate each portfolio individually. That means you can follow a leader with one portfolio, while automating another portfolio with your own strategy at the same time.
Let's do both of these actions with the portfolios we created!
Start by going to the automation tab. If you haven't created an automation already, select to create an automation. This will bring you to this screen below.
We then want to either "Add Assets" or "Create Index". Using the add assets option will allow us to individually select the assets we want in our portfolio. If we use the "Create Index" option, we can select a range of assets based on market cap to include in our portfolio. For this tutorial, let's select "Add Assets".
We should now pick the assets we want in our portfolio and click "Add". You will then see the assets populate your automation.
Don't forget to select a rebalance period before selecting to "SAVE".
Name your automation. It's ideal to name it something that means something to you. That way you can easily identify the automation strategy.
After saving, click the "Start Automation" button in the top right corner of the automation tab. This button is used to start the automation.
The last step is to select the portfolio you want to automate. The strategy you have just input into your automation will then begin trading for the selected portfolio.
Once this process has been complete, you have successfully automated your first portfolio.
To automate our second portfolio, we will leverage the social program. By following a leader's portfolio, we can automate our own portfolio.
Do this by going to the "Social" tab in Shrimpy. Once you are there, select a leader that you want to start following.
It will look something like the following.
Select "Start Automation".
You will then see a popup similar to the previous popup. Select the portfolio you want to automate with this leader's portfolio, click the checkbox, then select "Start".
Shrimpy will immediately start trading so your portfolio will match the portfolio of the leader.
If you have any questions about Shrimpy or how to manage multiple portfolios, send us an email to firstname.lastname@example.org.