STEEM Trading System (Dollar Cost Averaging Experiment) Days 62-65 (SEE PROFITS AT BOTTOM!)
Yet another day of Bitcoin consolidation has finally allowed some of the alts to stabilize and grow. STEEM got to see a small pump over the past two days but has yet to see those same volumes we had last month. The market is still steadily growing along with interest in crypto so the next few months should be bright.
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.
The Moving Average is at 1845 and steadily rising so while the price is still above I had to make a sell today. As we have seen with STEEM before, the market can be quite choppy because of low liquidity.
All we can hope for is that STEEM regains its popularity this year along with Bitcoin.
Today's Trade:
2/3/2020
Sell 1 Unit
Price: 0.00001933 BTC
Quantity: 90.43293097 STEEM
Total (with fees): 0.00174369 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 Days 11-23) 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 Days 37-44) NO TRADE Day 45) Sell 1 unit- Price: 0.00001697 BTC, Quantity: 83.89000000 Days 46-48) NO TRADE Day 49) Sell ALL units- Price 0.00001912 BTC, Quantity: 755.00870190 Days 50-59) NO TRADE Day 60) Buy 1 unit - Price: 0.00001744 BTC, Quantity: 90.48479718 Day 61) Buy 1 unit - Price: 0.00001746 BTC, Quantity: 90.38114907 Days 62-64) NO TRADE Day 65) Sell 1 unit - Price: 0.00001933 BTC, Quantity: 90.43293097
Current Holdings:
BTC: 0.01440164 (9 units) STEEM: 90.43280000 (1 unit)
The total account holdings are now up to $151, for a gain of 51% in just over two months. Much of this is from Bitcoin's price increase as we started this experiment when BTC was around $7,300.
