I decided I wanted to get active in the STEEM trading markets again, as I have been mostly just earning and stacking STEEM here on the site. This is fine, but it really doesn't do much to provide any sort of liquidity and value to the token, other than by removing a small amount from the circulating supply.

To get started with this STEEM Trading System I have deposited an initial balance of $100 USD, or 0.01367062 BTC, into my trading account.

The site that I am trading on has a 0.25% trading fee per trade (maker and taker) at the tier I am trading at.

The strategy is going to be quite simple and be restrained to a few rules:

1. Use approximately 10% of the 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.
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.
3. After 5 consecutive days of buying, reduce buy quantity in half (5%).
4. If price is within 10% of the ALL TIME LOW, and there is 50% or less reserve BTC, then I am allowed to "go all-in".
5. "Buy below, sell above" is the golden rule.

Using these rules I will start by purchasing about $10 worth of STEEM today, since the moving average is 1665 Satoshis and the current price is just above 1600 Sat.

First purchase:
13:18:25 (12/1/2019)
Price: 0.00001611
Quantity: 84.20909241
Total Cost: 0.00135660 (0.00136 with fees)

Using this system I hope to not only find some profit but also provide some volume and liquidity to the market over time.

If I am unable to do daily update posts I will combine multiple trades into a single post.

Current Holdings:

STEEM: 84.20909241
BTC: 0.01231063 (price ~ $7,350)