Just Bought A Bunch of Hive To Trade on the Internal Market
Now that I am full time back in the trading markets, I have been making some decisions on how I am putting my money to work. I am now managing the trading of a small family hedge fund and with that came my 2% fee on the fund intake. This money I put all into crypto. It was paid to me in BTC using Cash App, then I dispersed most of it into USDT on BSC that I am using as collateral supply for my own personal crypto credit line on AAVE, then a portion of it has come to Hive and HBD!
The HBD I have put into my savings to generate that 15% inflation yield that I will use as needed at the end of every month. I have been running it for a week now and trying to get things where I want it for trading and DEFI usage. I made the decision today to move 1000 USDT into HIVE for day trading on the internal exchange!
When I made the move using Simpleswap, which uses Binance mostly for Hive exchanges, I made the price pump! You're welcome, lol!
What this is going to do is give me about $1000 worth of HIVE to start trading with on the internal exchange so I can do my part in boosting the daily volume here! The main reason I decided to move this amount over is because, well, it's free to exchange! On AAVE on BSC, you have to pay gas and LP fees when you trade, this can start getting expensive if you don't realize it and account for it in your profit and loss percentages. The same goes for my leverage trading funds on ApolloX. Although the only gas fees I pay on that are my deposits and withdrawals, I have to deal with exchange fees, which can get expensive when you trade high leverage.
My goal is to build up to where I don't really have to trade on ApolloX anymore and I have enough volume moving through HIVE and AAVE that I can make a decent living in the crypto markets for myself while I use some great strategies in the stock market to make money for the family fund which will grow funds for the farm, my mom's retirement, and eventually mine and my sister's inheritance.
So I am playing it smart, but going to aggressively grow the fund by using a larger passive income dividend account that will be grown by the active traded account that I will be using a cash covered put sell options strategy to buy stocks and a covered call sell options strategy to sell the stocks, and collect contract premiums in-between. It's a great strategy, but you have to have the funds upfront to make it work.
So to wrap it up, I am back to the trading markets pretty much full time at this point, in both crypto and stocks. If you want to talk trading, come join the Coin Logic Discord server! I would love to build a community of traders that all work together for a common goal of gaining some edge and making money in these markets!
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I can't get a bunch, but will try to convert at least some of the less promising stuff I've got stashed around here & there!
The next days will show us if Bitcoin breaks out for real or not, I feel quite confident that it will...
We still need to break through some resistance on Bitcoin for me to turn super bullish. It's playing in a range at the moment.
Do what you can when you can is all I can say.
Maybe, but the volatility and dominance right now is really signaling a big move I feel! :-)
I don't trade on feelings anymore. I wrote a trading indicator that tells me to buy or sell based on certain conditions, so I trade based on my strategy using that and try and be as mechanical as possible. None of us can see the future. There is no crystal ball in this industry, so all I can do is go by the data that is given to me. From what I see, there is still a bunch of work needed by the bulls to break the current downtrend. I see us in the 52K-62K range for a bit. Needs to really get above 64K and hold to really start seeing a turn in the tides.
Just a term that is easy in a short comment. I stopped trying actively trade anything a bit into 2021, since then I've gotten it down to a handful of decisions each year, decisions that have to be correct due to me moving around a bit with no prospect for a work permit and so on right now.
For me its a big picture based on adoption, and for Hive adoption and survival through the worst of times. So far so good!
Next up is probably doing a few months in Kathmandu, and probably more than half a year in 25, perfect opportunity to publish a lot here :-)
!BBH !DOOK !INDEED
You just got DOOKed!
@pepetoken thinks your content is the shit.
They have 17/400 DOOK left to drop today.
Learn all about this shit in the toilet paper! 💩
@thelogicaldude! @pepetoken likes your content! so I just sent 1 BBH to your account on behalf of @pepetoken. (17/100)
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(3/10)
@thelogicaldude! @pepetoken Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @pepetoken.
Sending Love and Ecency Curation Vote!
Follow Eceny's curation trail to earn better APR on your own HP. : )
Sounds like you have some good trading plans that you are putting into practice.
I'm interested in the Hive plan:
So will you be using https://hivehub.dev/market which is linked to the Market choice in the drop down menu under our Hive balance in our PeakD wallet page? Or do you use some other market?
Also wondering if you will be trading manually or automatically with an existing bot or service or a custom bot you coded yourself?
Of course this may be proprietary info you don't care to share, and I could understand that! :)
I am using the market on @ecency mainly. I have occasional issues with the hivehub.dev market page at times , I never have problems with the Ecency market.
I am not using a bot, I like to still have control over the buy and sell button. I created a trading indicator for trading view that gives me buy and sell signals when certain conditions are met as well as signals for other conditions like moving average crossovers, take profit signals, etc. It also has built in support and resistance zones which is what I will most likely be using for Hive because I find it best to run more of a market making strategy due to the lower market liquidity. Way different than I trade with Bitcoin.
You can get the free version of my indicator on TradingView. Just go to community scripts and look for the Logical Trading Indicator V.1. I have a pro version available on https://thelogicaltrading.academy