What is Thirds Rule???
Divide investment into THIRDS 1\3RDS 33%
Buy and Sell in THIRDS 1\3RDS 33%
Break each THIRDS 1\3RDS 33% into more THIRDS if necessary...
For example you have $30 USD to invest in Burst.
(don't just spend all $30 USD all at once)
Buy the first $10 USD at ANY current market\exchange price. 80satoshis
Next put a second $10 USD order at lower than current market\exchange price. 70satoshis
Last put a third $10 USD order at even lower than current market\exchange price. 60satoshis
Why buy in THIRDS 1\3RDS 33%???
Because you dont wont to risk paying more. The price could and most likely will drop to your second 2\3RDS 66% order if not your last 3\3RDS 99% order for example: 80sats, 70sats, 60sats
Why sell in THIRDS 1\3RDS 33%???
Because you dont want to risk not making profits. The price could and eventually will spike higher from the original price point that you bought at. After each THIRDS bought you want to sell higher for example: 85sats, 90sats, 95sats
Why break each THIRDS into more 1\3RDS? 2\3RDS? 3\3RDS?
Thirds Rule is a MEASUREMENT. (like a ruler or a formula)
This will allow you to minimize risk or loss.
Better to be in the positive and not being TOO GREEDY!!!
Please use Thirds Rule responsibly as it may also be applied to any other investments than Burst.
Thank you for your time!
Stay tuned for more basic tradings strategies each month!
FranksIn©
Good article. I trade futures with the same strategy.
Thanks, I trade GHS on Hashnest cloud mining platform.
FranksIn©
BURST now 104 satoshis from 60satoshis. Buy in Thirds and Sell in Thirds. $30.00 is not much I realize. It's the strategy to be able to demonstrate minimal loss. I am happy to look at any specific crypto-currency of your choice.
Kind regards,
Frank
Good strategy for the most part. I would say don't buy burstcoin in the first place. Speculate around useful projects, don't promote those who are not brining utility over simply BTC.
To be honest, have a look at BURTS historical charts. See the peaks and see the dips? Thats how I set Thirds Rule with enough wiggle room. Not going ALL in, but riding the wave as it WILL go up and down. If you end up holding just 1\3rd of that wave at the very end...YOU should of profitted from the 2\3rds and all that time will prove if BURST is a useful project worth promoting.
You can talk about trading techniques all you want but all you are doing is promoting a project with flawed fundamentals because you happen to hold some of its coins. Check out my essay on why projects like burst are dangerous:
https://steemit.com/cryptocurrency/@kyle.anderson/burst-my-bubble-an-opinion-on-the-dangerous-influx-of-altcoin-posts
BURST now 104 satoshis from 60satoshis. Buy in Thirds and Sell in Thirds. $30.00 is not much I realize. It's the strategy to be able to demonstrate minimal loss. I am happy to look at any specific crypto-currency of your choice.
Kind regards,
Frank
Who cares, I don't choose to trade scams. See my post above.