STEEM Trading System (Dollar Cost Averaging Experiment) Day 29

in #steem5 years ago

STEEMBittrexPrice12292019.jpg

The price finally found a little bounce today as STEEM was able to break 1800 Sats momentarily this morning. Will it be able to break past again and maintain that momentum today?

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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.

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I accidentally filled an order for 1 whole unit rather than 1/2 like I was supposed to do, since it has already been 5 consecutive days of buying. I can only hope the price pulls back above the Moving Average soon (1843 Sats) so I can offload some of this STEEM. I will have to cut down my buy orders from here on out otherwise.

Today's Trade:
12/29/2019
Buy 1 Unit
Price: 0.00001800 BTC
Quantity: 80.90883901 STEEM
Total Cost (with fees): 0.00146000 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
Day 11) NO TRADE
Day 12) NO TRADE
Day 13) NO TRADE
Day 14) NO TRADE
Day 15) NO TRADE
Day 16) NO TRADE
Day 17) NO TRADE
Day 18) NO TRADE
Day 19) NO TRADE
Day 20) NO TRADE
Day 21) NO TRADE
Day 22) NO TRADE
Day 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

Current Holdings:

BTC: 0.00588842 (4 units)
STEEM: 497.59670620 (6 units)

The portfolio is currently up around 9% since the start.

*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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9% that's pretty good overall :)

Yep which is why I wanted to scale this up a little bit, perhaps 10X

That way any profits will actually be worthwhile and not just a few bucks.

I really wanted to demonstrate how effective dollar cost averaging can be using very simple trading techniques and indicators.

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