STEEM Trading System (Dollar Cost Averaging Experiment) Days 43-50- MUST SEE ENDING FOR PROFIT REPORT!
Yesterday was the most exciting day for Steem in a very long time! We saw a pump of over 50% at one point and the prices have kept up a little bit of momentum since then. Volumes we completely off the charts too with nearly 50 BTC traded in a 24 hr period, compared to our usual 1-2 BTC.
Trading strategy rules:
- 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".
- 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).
- After 5 consecutive days of buying, reduce buy quantity in half (5% or 1/2 unit).
- 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".
- "Buy below, sell above" is the golden rule.
There was yet another long stretch where no trades were made so I decided to lump this week all together in one post. Today the Moving Average is at 1667 Satoshis and the price is actually above the upper ranges of the Bollinger Bands still. I was able to sell everything above this range yesterday, but did not expect that INSANE pump we had to above 2500 Sats. I was still able to capitalize on the move and so far the experiment is a huge success.
Today I can't make a trade until the price settles down and moving averages adjust. Might be another stretch of 5-10 days of no buying as we consolidate.
Today's Trade:
1/19/2020
NO TRADE
Price: N/A
Quantity: N/A
Total Cost (with fees): N/A
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 Day 28) Buy 1 unit- Price: 0.00001731 BTC, Quantity: 84.13397471 Day 29) Buy 1 unit- Price: 0.00001800 BTC, Quantity: 80.90883901 Day 30) Buy 1/2 unit- Price: 0.00001783 BTC, Quantity: 40.84013186 Day 31) Buy 1 unit- Price: 0.00001753 BTC, Quantity: 83.07810052 Day 32) Buy 1/2 unit- Price: 0.00001724 BTC, Quantity: 42.23779298 Day 33) Buy 1/2 unit- Price: 0.00001727 BTC, Quantity: 42.16442102 Day 34) Buy 1/2 unit- Price: 0.00001695 BTC, Quantity: 42.96044549 Day 35) Buy 1/2 unit- Price: 0.00001684 BTC, Quantity: 43.24106598 Day 36) Buy 1/2 unit- Price: 0.00001660 BTC, Quantity: 46.78003785 Day 37) NO TRADE Day 38) NO TRADE Day 39) NO TRADE Day 40) NO TRADE Day 41) NO TRADE Day 42) NO TRADE Day 43) NO TRADE Day 44) NO TRADE Day 45) Sell 1 unit- Price: 0.00001697 BTC, Quantity: 83.89000000 Day 46) NO TRADE Day 47) NO TRADE Day 48) NO TRADE Day 49) Sell ALL units- Price 0.00001912 BTC, Quantity: 755.00870190 Day 50) NO TRADE
Current Holdings:
BTC: 0.01582192 (10 units) STEEM: 0.0 (0 units)
I started this experiment with 0.01367055 BTC 50 days ago and am now up 16% in BTC and over 36% against USD.
Even if Bitcoin had gone down I would probably still be in the profit. Since I am never moving into USD the portfolio is continually gaining value along with the crypto market recovery. Stay tuned for more updates in the near future.
