Good afternoon, Steemians
I figured that I would share my holdings in Poloniex with you guys. Why not? Maybe you have something I don't that I should have and maybe I have something you don't that you should have.
I've been actively trading the LTC/BTC ratio. I've been successful a few times and unsuccessful a few other times. I think being impatient is my biggest failure. However, 2 days ago, I had $492 in here and today I had $560. Now, I can't attribute that only to my trades, as all cryptos were doing well the past few days. I did, however, make a pretty good trade and I know that I made about $20 from it.
Any tips would be very welcome! I usually wait until I double or triple the cost of the fee and then trade back. Sometimes I trade at a loss to try to curb an even worse loss. I think that if I stay within BTC, LTC, and possibly BCH, I will be pretty safe because the ratios are always dipping and climbing.
What do you guys think?