STEEM Trading System (Dollar Cost Averaging Experiment) Day 2

Another day another dollar, another day to make STEEM ballers!

Welcome back to my trading experiment :) Glad you could join me today. The STEEM market seems to be slowly creeping up in price while BTC is staying in the low $7,300 range. We are still just below the Moving Average so we will continue to accumulate!

Trading strategy rules:

1. Use approximately 10% of the starting reserves (in BTC) per day to BUY STEEM when the price is BELOW a set value. In this case that will be the moving average (center line) on the Bollinger Bands using 1-Day candles on the chart. Each 10% chunk will be considered a "unit".
2. Sell ALL STEEM when the price is above the upper range of the Bollinger Bands (1-Day candles), or 10% per day when ABOVE the moving average (1 unit).
3. After 5 consecutive days of buying, reduce buy quantity in half (5% or 1/2 unit).
4. If price is within 10% of the ALL TIME LOW, and there is 50% (5 units) or less reserve BTC, then I am allowed to "go all-in".
5. "Buy below, sell above" is the golden rule.

The Moving Average (MA) is at 1667 Satoshis, so today I purchased 0.00136 BTC worth of STEEM at 1636 Sat, or approximately $10 worth. The price is slightly higher than it was yesterday.

Today's Trade:
2019/12/02 12:40:00
Buy 1 unit
Price: 0.00001636 BTC
Quantity: 82.92227865 STEEM
Total Cost (with fees): 0.00135999 BTC

Trade History:

Day 1) Buy 1 unit- Price: 0.00001611 BTC, Quantity: 84.20909241

Current Holdings:

BTC: 0.01095064 (8 units)
STEEM: 167.13137106 (2 units)

Thanks again for checking out my blog, have a fantastic rest of your day!