my trading strategy # 1

in steem •  3 years ago 

i have been trading and investing for a while now. its not my full time job but its my hobby so anything in earn i am happy with it. once btc crossed $20k i was on 100% cash so i missed the train but when it did not drop back to last year prices i was wasting time and money doing nothing with cash. so i decided to play ping pong with a portion of my cash.

i put 80% of my cash into staking. binance gives 7-10% on Defi staking. for the remaining 20% i split into further 2 portions and bought BTC with 10% and bought Steem with the other 10%

now i created STEEM buy orders with the BTC i had with some difference in gap prices. for example.
0.00001200
0.00001100
0.00001000
0.00000900
0.00000800
0.00000700
0.00000600
0.00000500

and then created sell orders similarly using the steem i hold.

0.00001200
0.00001350
0.00001500
0.00001650
0.00001800
0.00001950
0.00002100
0.00002250
0.00002400

This way i was setup to gain for a good move. most of the times the orders got hit in the mid range but they kept getting hit. i realized i am in 70% profit since i started this and every week i get a few order hits. i try to put small margin orders again once they get hit while the higher end i wait.

its one of the things i have been doing which does not involve any trend analysis.

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