I have been doing slightly more active trading during the last few days. Talking openly about them might help some of my readers. I only have six years of trading experience and I have not worked in a bank, hedge fund or anything that comes close to a professional traders. In fact I have not had a "real job" in my life. I am a freelancer and a highschool dropout. I am very satisfied about being both of those things.

I am documenting some of my strategies when I write my articles and I'm sure some people make money based on them. Ultimately, the decision is upto the individual. When I do my research and read various reports or learn about trades, I take full responsibility of my trades. When I make money from my trades, it is not because I saw a post about it. When I loose money, it is not because I saw a post about it. It is always 100% my achievement and my failure. I expect the same from you.

Exited HIVE Too Early

It is easy to make decisions about past trades when you are in the future. Decision making itself is a task that take many mental resources and time. The best decision does not always provide the best bang per buck. The best car you can buy cost millions. The one that provide the best value may not even cost six figures.

HIVE Price Before Trade

HIVE Price After Trade

Dollar Cost Averaging is a bad way to optimize growth. What is great about it is the flexibility it gives the investor. DCA is tolerant of bad calls made in the market. After the first trade I made above, I made more trades selling HIVE at a higher price. Here is one of them:

Entry Points Are Ready

Timing the market is the most difficult part for me when making trades. I can do the research and figure out the long term trajectory. That is why 99% of my portfolio is either staked or in NFT (used for gaming). I earn interest while I wait for the prices to go up and I play the games to have fun and earn rewards. I wrote about HoloZing yesterday and Splinterlands has been my favorite blockchain game since the very beginning.

When $HIVE goes down in price, I have some trades ready to be executed. I have been selling some HIVE as prices are going up. None of these things are taking much of my time. If these trades do not executed, it will not mean any catastrophe for me. I have not tried grid trading bots. What I am doing is similar to a manual version of that on a DEX under my own terms.

DEC is Close to The Peg

We know exactly what brought DEC this close to $0.001 at this exact time. Rebellion Presale was one of the best things that happened to SPS DAO. 50% of the revenue goes to the DAO. $250,000 that was paid to Steem Monsters Corp. will be made back 20 times over (or maybe even more). @sps.dao.report covers what is in the treasury on a daily basis. Read the reports to have a better understanding of the SPS DAO that you are likely a part of already.

DEC Price May Go Down

This is why I am selling my DEC at the moment. I don't expect DEC to stay down for too long. I need to have DEC for Land Expansion and my expectation is that there will be a good entry point for DEC at a cheaper price that what we are seeing at the moment. Above is one of my several DEC sales. I don't even see a 10% upside to holding DEC due to the soft peg at $0.001 and the demand will not reach peak until Rebellion and Land are launched.

We know that Rebellion general sale will commence on December 5th and Land is supposed to be released before the end of the year. Land development resources may have been directed towards launching Rebellion. In other words, demand for DEC could be around 6 weeks away from the next peak. I'm going to see if I can make a few profitable trades in the meantime using the liquid portion of my portfolio.

Bridge Fees Are Expensive Again

When STEEM-Engine launched, we finally had a second layer on top of the social media blockchain. The fees for bridging your assets was 1% and this was a great deal considering the DEX itself was feeless. Eventually there were third party services that offered cheaper alternatives to the official Bridge. At spacial circumstances these Bridges would pay users for converting HIVE to SWAP.HIVE or vice versa. Lately I discovered that fees have risen so much to a point where using HIVE-Engine for deposits and withdrawals is a good option again.

https://uswap.app Can be Amazing!

I am only receiving a tiny discount over HIVE-Engine withdrawal. If I were to do the reverse by depositing HIVE, I will walk out with a 0.631% reward rather than a fee. @uswap and services like it do not wrap or unwrap assets. These services connect users from Layer 1 and Layer 2 to swap their assets. At times, the demand is not balanced and increase the fee for one side while paying rewards to those who are willing to provide liquidity for the swaps.

Recent Important News

I found the content covered to be extra valuable compared to similar videos published by Coin Bureau. Good information is necessary to make good decisions.

Happy Trading!

Posted Using InLeo Alpha