STEEM Trading System (Dollar Cost Averaging Experiment) Day 3

Yet another slow day, STEEM does what it does.

Waiting for the pot at the end of the rainbow, feels like it's been forever and things are just dragging on. The community support is there but only at a bare minimum. Have people begun to lose faith in the platform or in cryptocurrencies in general?

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.

The moving average is at 1666 Satoshis, and the price has dipped to below 1600 overnight. I was able to scoop up STEEM at 1599 Satoshis today (lowest sell price available). Volumes seem particularly low with only 1.5 BTC worth of STEEM traded in the past 24 hours.

Today's Trade:
2019/12/03 11:12:51
BUY 1 Unit
Price: 0.00001599
Quantity: 84.84105558
Total Cost (with fees): 0.00135999

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

Current Holdings:

BTC: 0.00959065 (7 units)
STEEM: 251.97242664 (3 units)

So far I have been accumulating STEEM at a very low price (under 12 cents) and am pretty happy with that. Using this strategy I should be able to develop a fool-proof plan for profits.

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