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STEEM Trading System (Dollar Cost Averaging Experiment) Day 27

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@hotsauceislethal
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STEEM prices continue to take a beating today after 7 days dropping towards support zones. At first it looked as if we might get a relief bounce... but the rally over the last two weeks has been completely wiped away and we are now right back where we started. So much for a Steemit acquisition... looks like that wasn't what Justin Sun was planning on announcing, instead they launched a game of sorts for TRON.

Trading strategy rules:

  1. Use approximately 10% of the starting reserves (in BTC) per day to BUY STEEM when the price is BELOW a set value. In this case that will be the moving average (center line) on the Bollinger Bands using 1-Day candles on the chart. Each 10% chunk will be considered a "unit".
  2. Sell ALL STEEM when the price is above the upper range of the Bollinger Bands (1-Day candles), or 10% per day when ABOVE the moving average (1 unit).
  3. After 5 consecutive days of buying, reduce buy quantity in half (5% or 1/2 unit).
  4. If price is within 10% of the ALL TIME LOW, and there is 50% (5 units) or less reserve BTC, then I am allowed to "go all-in".
  5. "Buy below, sell above" is the golden rule.

Our Moving Average keeps edging up ever so slightly and is at 1836 Satoshis now. The price is continuing to trend downwards at a steady pace however and sits just under 1700. I was able to put in a buy order at 1696 Sats and it filled early this morning.

Today's Trade: 
12/27/2019 
Buy 1 Unit 
Price: 0.00001696 BTC 
Quantity: 85.87023008 STEEM 
Total Cost (with fees): 0.00146000 BTC 

Trade History:

Day 1) Buy 1 unit- Price: 0.00001611 BTC, Quantity: 84.20909241 Day 2) Buy 1 unit- Price: 0.00001636 BTC, Quantity: 82.92227865 Day 3) Buy 1 unit- Price: 0.00001599 BTC, Quantity: 84.84105558 Day 4) Buy 1 unit- Price: 0.00001615 BTC, Quantity: 84.00052500 Day 5) Buy 1 unit- Price: 0.00001592 BTC, Quantity: 85.21410042 Day 6) Buy 1/2 unit- Price 0.00001618 BTC, Quantity: 41.92238809 Day 7) Buy 1/2 unit- Price 0.00001614 BTC, Quantity: 42.02628496 Day 8) Buy 1/2 unit- Price 0.00001632 BTC, Quantity: 41.56275976 Day 9) Sell 1 unit- Price 0.00001670 BTC, Quantity: 84.107 Day 10) Sell ALL units- Price 0.00001824 BTC, Quantity: 462.59148487 Day 11) NO TRADE Day 12) NO TRADE Day 13) NO TRADE Day 14) NO TRADE Day 15) NO TRADE Day 16) NO TRADE Day 17) NO TRADE Day 18) NO TRADE Day 19) NO TRADE Day 20) NO TRADE Day 21) NO TRADE Day 22) NO TRADE Day 23) NO TRADE Day 24) Buy 1 unit- Price: 0.00001818 BTC, Quantity: 80.10776139 Day 25) Buy 1 unit- Price: 0.00001776 BTC, Quantity: 82.00220170 Day 26) Buy 1 unit- Price: 0.00001722 BTC, Quantity: 84.57369931 Day 27) Buy 1 unit- Price: 0.00001696 BTC, Quantity: 85.87023008

Current Holdings:

BTC: 0.00880839 (6 units) STEEM: 332.55389248 (4 units)

Tomorrow will be a pivotal day for the price to make a reversal or to break the floor of support. This is why we DOLLAR COST AVERAGE, to protect against price volatility and low liquidity in the markets.

*Disclaimer: I am not a financial adviser and this is not financial advice. This information is for entertainment and educational purposes only.