Stacking HIVE + Taking My Profits in Today's Bull Market

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I have slightly ventured back into my swing trading ways due to the changes in the market. I had focused my attention on passive income for few years and I have been very content on the results. Following an investing strategy as if it were a religion or an ideology to subscribe to is an unwise move that has tremendous opportunity cost. I am willing to trade some opportunity cost for the sake of convinced. Today's market was not one of them.

Buy Low - Sell High

I have been buying some HIVE with HBD as the prices were falling. I even sold some GLX and SPS for HIVE. This allowed me to create a small amount of liquid HIVE that is usable when a good trade or discount appear in the cryptosphere.

I do believe HIVE can be be worth above $100. What I don't even have to believe in is the certainty that path to $100 and above is going to be filled with a great many ups and downs. It is these ups and downs that allow smart traders to grow their stake in a trade via trading back and forth.

I may change these orders over time. I sold the HIVE almost at the market top and the goal of the entire trade is to have more HIVE at hand for a time HIVE is trading at a far higher price.

Stacking HIVE on HIVE-Engine + Diesel Pools

If you are in a hurry to get the best out of a trade that is at risk of disappearing, Swaps can save the day (at a cost). Due to low liquidity and trading volume on HIVE second layer trades, I opted for Swaps:

The next step is to be ready to get back into HIVE when the prices eventually fall. The MACD + RSI was indicating a fall in price at the time of the trade and it is exactly what transpired in the next few hours.

I was ready to see further dips in price and lower prices are still a possibility for HIVE. I will check out on these orders to repurchase HIVE and may change them based on how the market is acting.

This is a fully decentralized trade that anyone can utilize again and again during market volatility is high. It is possible to end up with less HIVE than started. Caution is a necessary and Technical Analysis skills will help. Nothing beats the real world experience and IMO the best way to learn is trading on your own with a position size that is big enough to hurt you; but small enough to not wreck your portfolio.

Happy Trading!

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9 comments
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Hive with its ups and downs allows quite a bit of trading if you don't have it powered up. Always good to take profits and maybe reinvest the returns, but you need to have the nerves and use the right market analytics to be successful (which I don't have).

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I don't really bother with trading that much because I only visit Hive a few times during the day but it's nice to see you do well with the trading. Is there any reason why you went for BUSD instead of HBD?

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BUSD had the cheaper price at the moment.
!PIZZA

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It's always good to take profit here and there. It's good that you sold at the top and you are earnestly for when you will be able to buy the bottom again.

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I'm making the sale a gradual process. I'm not 100% certain that bear market has come to and end. We may have one more bottom left.
!PIZZA

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