Saturday Savers Club Progress week 5 - 2023 - 04/02/23 - interesting HBD and HIVE pumps

Its week 5 of my savings focus for 2023 with the Saturday Savers Club which I think is a great Hive community initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account.

For the near future I will just be focusing on generating HIVE. So my main target is my Hive Power annual goal, and then other methods that contribute to that.

Weekly Stats

It will take a few more weeks to set up all the stats I want to track, hence the table is not quite complete yet.

Weekly Commentary

• My weekly gain was +35 HP which is well below my 12 week moving average of 136 HP, and its the result of inactivity due to being away the previous week. However, I've been more consistent this week, and will see the benefit of that in next weeks figures,
• My HP total is 3901 HP, so need a further 6099 HP to hit my 10K target, which at 47 weeks to go requires 129 HP per week (gone up another 2 per week). I have to say that I'm finding this weekly target quite tough, and its gone up a little again - but there will be bumps in the road, and I just have to power through those. I'm also closing in on 4K HP, which will be nice,
• My Hivestats weekly author reward was +34.91 HP again reflecting inactivity the week before,
• My Hivestats weekly curation reward was +2.81 HP up from +2.14 HP last week, which is quite a good number for me - so I'm happy with that,
• I got rewarded +5 SPI for my first post for the @SPinvest account, which is pretty cool,
• I had a better than average weekly increase for curation rewards and EDS,
• My weekly HIVE income from other sources (30 day moving average) was +1.76 HIVE compared to +1.7003 the previous week, which is a nice improvement,
• In terms of targets, I'm currently on track (based on my 12 week moving averages) to hit HP and SPI, but not EDS, DHEDGE or ARCHON - I'm going to start delegating some HP to @dhedge which will help improve that income, and I'll just buy whatever is needed to hit the other targets through the year,
• HBD:HIVE trading - Its been a mental week. There was a massive HBD pump earlier in the week where it went up to $1.50, and I had HBD sell orders that triggered when that happened. And last night we had a really big HIVE pump, where it hit $0.60 and I had quite a few HBD buy orders go through on that back of that. If this HIVE pump is temporary, then I'll sell the HBD back to HIVE again when the price goes back down. So it has been a great week on the trading front.

Plan for the coming week

• To continue to post daily to ensure daily HBD and HIVE author rewards - this is what has made the world of difference these last few months, and importantly, to produce posts that bring in good rewards - which I need to keep reminding myself off,
• To be active in HIVE Blog curation to help with HIVE curation rewards,
• To continue to increase undelegated HIVE in order to improve HIVE curation rewards,
• HBD:HIVE Trading - I will be rather focused on this through the coming week considering the activity there this last week. Assuming the price of HIVE will relax back to where it was (or close to), then I will be selling HBD for HIVE when it gets there (so I'll be watching for that to happen very closely),
• To keep taking regular profits (weekly and monthly) from some other token income streams to fund investment in layer 2 tokens or pools that payout in HIVE or HP - EDS and EDSMMs are particular targets at the moment,
• To produce a monthly article for the @SPinvest account, which pays a 5 SPI reward to help towards that target,
• I've started delegating HP to some other accounts to help support my HIVE income from other sources. The plan is to delegate 20% of whatever I power up each week. This week I will be delegating to @dhedge to help my DHEDGE growth (they pay out daily DHEDGE drips at a rate of 21% APR - that sounds not too bad for a HP delegation),
• I've also started looking through my other layer 2 tokens and putting ones I'm not using up for sale, to generate more swap.hive to either power up or put into other tokens that provide a passive income in HIVE.

So although it looks like a slowish week, the trading has more than made up for it for me, so I'm pretty happy how things have gone this week.

Interested in the Saturday Savers Club ? Check out their latest posts here.

Posted Using LeoFinance ^Beta