I usually have a busy Friday and look forward to Saturday to take it slower. Little did I know I'll be waking up to a nice surprise on Hive.
As I went through my morning routine at the laptop, which includes tasks both Hive and non-Hive related, at some point I reached the step in my routine to power up my daily HIVE. Although I don't always check the price of HIVE when I do it, somehow this time it popped into my eyes in the wallet that it was significantly up.
That deserved further investigation to see if any of my sell orders got triggered. And yep, they did. All my sell ordered below 30c got executed and, what was even better, the price was already below my completed order with the lowest price. That meant that I could buy back HIVE at any time and have a profit on all sell orders. And I did that, even though the price went further down from that point.
People could say that I am impatient on the way down and I don't wait for the full movement down. Analyzing after the fact, that is true, and I often do that, not maximizing the potential profit.
But I guess I have a decently long trading experience (now rather inactive), to know that in the past I waited too long wanting to increase the profit, and ended up with the market turning and losing compared to the time where I could have acted and, while not maximizing profit, ending up with more than with what I made by being greedy (sometimes a loss, other times a lower profit).
Some time ago, I would have regretted if I pulled the trigger early and could have made more by taking advantage of volatility or trend better. Nowadays, I am always happy when I make a profit (+123 HIVE is nice!), especially when I see I have chosen my limit orders price levels well, and when I make a profit while ending up with the same coin so that I can take advantage of future price pumps.
Speaking of them (price pumps), they are getting more frequent again... for those interested. But if you want to take advantage of them, unless you are awake and paying attention when they happen, the only way to do it effectively is to have limit orders. If you don't have experience using them and technical analysis, you can try with small amounts until you understand how this works.
While there is some level of predictability in the Hive pumps by Upbit whales, no one who isn't an insider can know for sure when they come or how high will the price reach (the latter may be an unknown to the initiators themselves, to some degree). That's why limit orders kept updated regularly are necessary. For example, I could "feel" the previous small pump coming last Sunday (or around that time), but nothing signaled me this one coming, which was bigger. Without limit orders, I would have missed it entirely.
What about you? Any interest in these intra-day price swings?
