I use Leo Finance for my own financial education, as well as to document Hive prices, my emotions, my trades and my thinking.
Hopefully, that would give you some inspiration.
In my last post, I relate what I plan to do as Hive hits 0.498 and triggered my sell order. Essentially, I placed a buy order of Hive at 0.45 following that.
That has hit 2 days ago as seen above. I bought 268.378 Hive at 0.45 a piece.
I then set my sell order of Hive at 0.54.
As shown below, there was a spike in Hive price over my selling price.
The result is that I bagged 144.924 HBD, if you add up the two filled orders below.
Remember when I started, I begin with 100 HBD around 4 Feb 2023. Today is 24 Feb 2023. I netted about 45 HBD just by placing these trades.
Of course, there is something to reflect here. If you read this post up to now, I will let you in to my Cryptothesis.
It might seem a foolish thing to do to have sold my Hive at this price, if Hive shot up to 1.00 or something. But no, I have laid out a plan to fill my bags of Hive for use in this account (i.e. 10K in HP that bestows nice vote value), so I have no fear missing the rise of Hive if it happens.
My small swing trading of Hive and HBD is a seperate growth engine for my account. The seed fund was 100 HBD. Over time, I will DEFINETELY gain more HBD OR HIVE when I use this strategy. There is of course risk of being left with Hive when its worth-less, or HBD when Hive spikes.
But hey, the thing is that this is a second engine that started with 100 HBD (or however much Hive there was originally)! So anything more than that I started with is a win.
The essence of this is that I don't mind ending with HBD or HIVE, so I shall call it the "I don't mind HBD or HIVE" approach.
Let me rinse and repeat.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @thatkidsblack, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!