STEEM Trading System (Dollar Cost Averaging Experiment) Day 14

Another day another Steem post. Are we having fun yet?

Justin Sun sent out a (usual) Tweet today announcing an announcement which will happen in around 10 more days. It has been rumored that he wanted to acquisition Steemit in a business deal... this has been unsubstantiated as of yet.

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.

Moving Average is at 1702 and the price is hovering in the mid 1800 range. I know its been boring the past few days but we must wait for the price to fall before making any more trades. Once we correct back down to a normal price range I can confidently put in that buy order.

Today's Trade:
12/14/2019
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

Current Holdings:

BTC: 0.01464834 (10 units)
STEEM: 0 (0 units)

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