I keep developing my trading game thanks to knowledge I gradually develop while on Leo Finance. See this for context.
Actually it is more than knowledge, as calmness and eradicating FOMO are new qualities that I develop in this trading game.
I mean at least now I have a plan, afterall this is cryptothesis where I am developing my crypto thesis where buying up cheaper Hive is part of my overall thesis.
Coming back to buying up cheaper Hive in the internal market, since I am looking to buy Hive a bit lower than 25 cents, as I have shared in my last post, I had to convert more fiat into my account into HBD ready to fire the shot when the price is reached.
For that, I am adopting my home run approach which I detailed here. The aim is pretty much to save on the on-ramp costs, and then wait on the side with the converted HBD.
The current state of the price action as shown below suggests that there was a recent sudden spike, which would have been perfect for my home run strategy! If the sell order was activated on that spike.
Nevertheless, I still managed to get hold of the HBD I need by selling Hive manually in a way that my cost of on-ramp is net negative. So now I am ready to set up my buy order at 25 cents, or whatever price I think could materialise or reasonable.
Better still, the 25 cent buy order is there to capture the sudden downward wick if it happens. If it doesn't, I still have my HBD.
In fact, much of these thoughts and strategy are facilitated by the fact that I have spare cash to set these up. I wouldn't have learn it if not for developing these thoughts while writing on Leo Finance.
Including this insight about how the monetary system works basically due to money that is borrowed/transacted. I can say what I am doing has a lot to do with developing such insights over time.
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, @peniel2010, @deflacion, @jacoalberts, @limonta, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
Posted Using LeoFinance Alpha