Well, that was unexpected.
For me at least.
A couple of days ago I wrote an article about some of my trading moves, and I was mostly patient in waiting for a bigger dip, that didn't come. Which meant that my buys didn't trigger, with my lowest just missing out. However, I did FOMO as it bounced and bought about 7000 HIVE back at around 0.23. But... I wasn't expecting such an aggressive spike before the pullback, especially going against the market trend, so I had my sells set in the mid- 0.29s. Which of course got blown past last night and today, peaking over 0.4. This turned a potential 75% gain, into a far more modest 28% gain. Respectable, but it feels like a "loss" compared to the potential.
Realised
B: 7000 x 0.23 = $1610
S: 7000 x 0.295 = $2065
Gain: $455
Splitting the difference
B: 7000 x 0.23 = $1610
S: 7000 x 0.35 = $2450
Potential Gain: $840
And if sold at the top.
B: 7000 x 0.23 = $1610
S: 7000 x 0.40 = $2800
Potential Gain: $1190
It is a funny thing in trading though and it is probably very unhealthy, because even when there are gains, the focus is heavier on what was "lost" even though there was no actual loss in this trade at all. And, this is over the space of a couple days mind you, so getting 28% is not a bad effort. And, this is a larger volume trade than I am generally comfortable doing, so I should be pretty happy that it is positive for once, because normally, I would have bought, then it would have dipped for the next six months to four years, as I hold all the way down. However, as I have mentioned, with the current work situation as it is, I am trying to be bolder.
I have set my buys again.
But, depending on what the next couple days bring, I might lower them, because it could be that HIVE dips heavily and since I couldn't get close to the top this time, I will try to get closer to the bottom, to reduce my cost average. I am consistently buying HIVE, but inconsistently selling what I buy. I think that I should be more systematic though, and sell more frequently in smaller amounts, rather than just look for the large swings in price.
Don't do what I do.
I am also being a little more open with my poor quality trading methodology, because I think that I am probably pretty typical here on Hive, where I know something, but not that much. I am not a trader by heart or by mindset, but I try my hand and learn what I can along the way. There have been plenty of costly errors in judgement, but for the most part, the biggest cost is the unrealised potential. Had I made a few different choices along the way, I would have been far, far better off. Monumentally so.
Instead, I keep plodding along, bumbling through, trying to increase value, by increasing token stack so that perhaps one day, the percentages can be lower, but the volumes higher. Hopefully, many of you have been able to find a way to trade some HIVE and HBD on the internal market, if not out on the exchanges for some decent gains. Even if the trades are small, the potential to increase stake is high, but there is also some risk involved. For the most part though, a large spike will see a large retraction, so it is safe to sell into it and pick it up again a bit later. What I notice for many though perhaps is, they see the large spike as the potential to sell and spend, rather to reinvest into their future.
We all have our methods.
Where to from here?
Taraz
[ Gen1: Hive ]
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