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RE: Indecision: Why I'm Not that Good at Day Trading Crypto

in #crypto8 years ago

Remember a couple of weeks ago when you awoke on a saturday morning with that high you felt when the price of steem went to the moon. How about that moment knowing that your steem power investment, if it could go up, meant that it could go down. I then realized that I had some liquid steem. Pushed half of it in SD. After a week or so, I doubled it. Took my profit and put it in steem power. Try to work your portfolio such that on one hand you win and on the other that you don't lose. Pick a direction then slightly hedge in the opposite direction. My position is long steem power, but I use SD to hedge. Steem power still has value, for curation rewards, wither the price of steem is up or down.

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Yeah, I've also been using SBD as a hedge. I generally built it up a bit and then buy STEEM when things are at a local low. This last time I ended up selling it on the market when someone pumped SBD to over $6. That was fun. :)