STEEM Trading System (Dollar Cost Averaging Experiment) Day 61

in #steem10 months ago

STEEMBittrexPrice01302020.jpg

Yet another day of Bitcoin showing strength means more downtrend in STEEM prices. Typically STEEM does alright at maintaining its USD value but the past two weeks has been quite rough as we lost almost all of the gains from the NFT announcement.

BlueTendrilBanner.jpg

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.

BlueTendrilBanner.jpg
The Moving Average is at 1786 Satoshis and we are just below that for the second day in a row. It looks like we might be in for a nice stretch of buying until the market takes notice of Steem again. I filled a 1 unit buy order at almost the same price as yesterday.

Today's Trade:
1/30/2020
Buy 1 Unit
Price: 0.00001746 BTC
Quantity: 90.38114907 STEEM
Total Cost (with fees): 0.00158200 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

Current Holdings:

BTC: 0.01265794 (8 units)
STEEM: 180.86594625 (2 units)

The account balance is still up 48% as of today. Looking to double or triple that amount by summer.

*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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 10 months ago Reveal Comment