STEEM Trading System (Dollar Cost Averaging Experiment) Days 51-60

Alas after 9 days of no buys I was able to scoop up some STEEM under the Moving Average. There has been so much price action with Bitcoin that the STEEM price has not been able to recover. This is not a bad thing however since I was entirely hedged into BTC while the price was still falling.

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.

With STEEM slowly dropping after the hype from the NFT support news, we have been presented with another opportunity to accumulate. This time since our starting capital has grown somewhat so has the quantity purchased. When the experiment began in December we were buying around $10 of STEEM at a time. Now that has gone up to almost $15 per unit purchased.

Today's Trade:
1/29/2020
Buy 1 Unit
Price: 0.00001744 BTC
Quantity: 90.48479718 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

Current Holdings:

BTC: 0.01423993 (9 units)
STEEM: 90.48479718 (1 units)

The portfolio started out with $100 worth of BTC two months ago and is at $148 today in combined assets.

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