STEEM Trading System (Dollar Cost Averaging Experiment) Day 16

in #steem11 months ago

STEEMBittrexPrice12162019.jpg

Bitcoin prices are falling today and that could mean some increased volatility for STEEM markets. The daily candle is forming an inverted hammer which means prices are likely headed down from here.

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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.

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The Moving Average is at 1718 Satoshis and the price is still in the high 1700 range. Once we fall down another 80 or so Sats I will be back in buying territory.

If there's one thing I've learned, it's that crypto traders are extremely impatient sometimes and the slightest disturbance can cause a cascade of sell offs. Just like BTC, STEEM takes the stairs up and the elevator down.

No trade today unless we get a serious dip, then going to buy 10%. If we fall down to 1500-1650 Sat I allowed to go all in.

Today's Trade:
12/15/2019
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
Day 15) NO TRADE
Day 16) 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.
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