The "I don't mind HBD or HIVE" approach to gain more
I use Leo Finance for my own financial education, as well as to document Hive prices, my emotions, my trades and my thinking.
Hopefully, that would give you some inspiration.
In my last post, I relate what I plan to do as Hive hits 0.498 and triggered my sell order. Essentially, I placed a buy order of Hive at 0.45 following that.
That has hit 2 days ago as seen above. I bought 268.378 Hive at 0.45 a piece.
I then set my sell order of Hive at 0.54.
As shown below, there was a spike in Hive price over my selling price.
The result is that I bagged 144.924 HBD, if you add up the two filled orders below.
Remember when I started, I begin with 100 HBD around 4 Feb 2023. Today is 24 Feb 2023. I netted about 45 HBD just by placing these trades.
Of course, there is something to reflect here. If you read this post up to now, I will let you in to my Cryptothesis.
It might seem a foolish thing to do to have sold my Hive at this price, if Hive shot up to 1.00 or something. But no, I have laid out a plan to fill my bags of Hive for use in this account (i.e. 10K in HP that bestows nice vote value), so I have no fear missing the rise of Hive if it happens.
My small swing trading of Hive and HBD is a seperate growth engine for my account. The seed fund was 100 HBD. Over time, I will DEFINETELY gain more HBD OR HIVE when I use this strategy. There is of course risk of being left with Hive when its worth-less, or HBD when Hive spikes.
But hey, the thing is that this is a second engine that started with 100 HBD (or however much Hive there was originally)! So anything more than that I started with is a win.
The essence of this is that I don't mind ending with HBD or HIVE, so I shall call it the "I don't mind HBD or HIVE" approach.
Let me rinse and repeat.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @thatkidsblack, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
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I love your style of market analysis , always well detailed.
hahha, this is hardly market analysis. just my game musing. !PIZZA
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Prior to seeing your posts, I hadn’t truly understood the ability that comes with placing sell and buy orders in this fashion. I couldn’t exactly tell what to do with a stop loss, for example.
I really see now that, if I’m to trade properly, both bids and asks must be set to account for any move upwards OR downwards.
I’m writing notes from a book on technical analysis as a series on Leo Finance. I think my process has been missing this.
I appreciate you offering to tag me. Keep this up. It hasn’t been what, 3 weeks since you started this and you have 45% of your seed. That’s major.
I am a noob too. Just trying to figure things out. !PIZZA
feel free to ask anytime.
Great trades! Good one I will trigger a buy order for HIVE myself when either HBD price goes up or HIVE down. Have been doing some slow swings myself.
!invest_vote
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oh yes, HBD can go up too!
@solymi denkt du hast ein Vote durch @investinthefutur verdient!
@solymi thinks you have earned a vote of @investinthefutur !
Your strategy is quite interesting. It appears that you are just starting out and are eager to gain some experience. It's important to remember that everyone has to start somewhere, and the best way to gain knowledge and expertise is by immersing oneself in the field.
If you don't mind either one, then your strategy works out for sure. Good job trading so far and I hope the markets stay range bound so you get some more good results.
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Swing trades are a good way to earn some bucks ;) I'm glad it is going good for you, my experience for swing trade is not good at all. That's why i have stopped doing it.
Wow what an interesting strategy. Hopefully I can also learn your strategy in the long run. Thanks for your article.
Might not suit everyone, but it's good to learn something every day. !PIZZA
Thank you for the ideas you shared. And for the pizza.!
Thank you for sharing. This motivates me to trade again.
Do I understand correctly and have you been putting your sell order at 0,54 now? And no buying order, correctly? Meaning that you'd be putting your next buying order when you'd have been selling at 0,54?
1 observation here: this means that these Hive you've got for sale have not been turned into HP, thus are not bringing nothing at the moment?... !PIZZA
Yes, not powered up. Liquid hive to sell.
... I just meant with my previous comment that this MIGHT be a long time. This time things worked out fine and we've had 2 spikes in a short time. Did you chech this for the (near) past if that has been happening more often? (I haven't) !PIZZA
I put a buy order around 0.45 and it was activated. Now I am waiting for it to hit about 0.53. Could be a long time, but it means I can only get more HBD then. It will be a profit. Ignoring the time value of money, of course. !PIZZA
.... and ignoring that it could give you more curation rewards when powered up being HP !PIZZA
But I think I already have enough HP. 10K HP and I try not to blindly increase that with new liquid Hive. The swing trading part is a small amount by comparison but actually yield more than what I gained from curation rewards.
I think that will be punctual thing. The risk with trading is bigger, although I need to admit that I admire the way you're mitigating this "risk" by putting it in a way that it doesn't really matter if you're getting Hive or HBD, cause both ways you're winning... !BBH
@cryptothesis! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)