Trading

Hey everyone!

I haven't been trading much in the past few years unless you count some risky margin trades when I felt Bitcoin would make some big moves. I do believe though that with new years being around the corner and most of the altcoin market being pretty oversold it would be a good time to start trading again.

I've been thinking about how to go forward with this, not my strategies but to include others in it. At first I was considering anyone who wanted to throw some Steem into the trading pool to be allowed to, and cap it off at something like 100-1000 Steem but not sure the legal implications behind that and trading with coins other people I've never met, especially say if the pool were to grow a considerable amount and the funds to be returned it could have some legal implications I may not want to get my hands into. I will probably have some close friends add some funds to the pool if they are interested but in the spirit of trading openly and documenting it I will be posting about my trades instead so if anyone is interested to trade along they are most welcome to.

One thing I really don't like is people who say they trade and somehow never show their trades, the amount they trade with or anything before the fact. Many boast about how they bought this and that coin early and sold the top but when it comes to showing their hand they always fold. With everything being open here on Steem, such as your wallet and your activity I think it would be a cool experiment to show everything before it happens. This means writing a post right after doing a trade such as buying into an alt and posting it right after before prices move too much, at the same time the volumes are so big on most coins that I wouldn't mind also showing my sell targets, especially with the way I trade I doubt it will be at my disadvantage much. If you aren't much into trading this basically means that if I buy Steem at 1820 satoshis and place a sell order at 1900 someone reading my posts could front-run me and place a bigger sell order at 1890-1899 and if there's someone buying it up he would maybe get enough coins and not touch my sell wall thus the unknown reader is the one that profits from it instead of me.

I may not give out all sell orders to combat that or I may be placing stop losses here and there instead but one thing I wanted to be as transparent about as possible is each executed trade. We live in a time where things are easily faked though such as screenshots so to combat that and not lose trust in my readers I will also be recording videos going through my trading history and posting them here on Steem at the same time.

Anyway, let me know what you think of the idea. I'll be writing a post about my strategy before I begin trading but the goal is to start before new years and hopefully we'll have a nice 2020 with some big swings and some good profits to be had. The markets are still very young and volatile and it doesn't take a lot of new money coming in for them to move around quite a lot. There are many already taking advantage of this and using bots, etc, but I am pretty sure it can be done manually as well with the goal to just earn a little daily/weekly and grow the portfolio constantly over the year. End goal would of course be to be able to buy more Steem with it and hopefully not miss out on that by Steem generating a surprise pump that never gets dumped on. Then again having some extra crypto is never too bad, especially for someone already over-leveraged with most eggs in one basket like me. :P

Would you be interested in posts like these? I know there's a lot of TA and other mumbo jumbo out there but I plan on being as transparent as possible and honest as possible about my trades and why I choose the coins I do to trade with and my thinking and strategy behind them.

Are you already trading or planning to? :)