Oh, I thought you were planning to do some kind of day trading. However, after reading about your strategy, it seems different but feasible, especially during these volatile times in the crypto space. Looking at the Hive charts gives one an idea of the patterns the coin is following. I hope you'll include some writing about your experience trading in the internal market and share your insights.
I'm curious because I don't find it easy to analyze Hive in terms of its price, so I gave up on it and simply focused on what I think I do better: posting and networking on the platform. :D
Regarding the authors I follow who consistently track their growth:
- libertycrypto27
- dbooster
- qwerrie
- vaynard86
Some of them track their progress weekly, while others do so monthly. Some focus on Hive's L1 tokens, while others venture into L2 tokens. It's pretty interesting to see how they are progressing over time.
I'm not very skilled in day trading, especially not in the current market conditions. It might look something like this: buying at 0.27 and selling at 0.32. That’s great—a profit of over 10%, which is quite significant. But the problem is that you might not be able to buy back the asset at those price levels after selling. The next purchase could end up being forced at 100-200-300% higher. I consider that to be not very profitable, to put it mildly.
In my opinion, in the current market situation, it makes sense to wait—maybe days, maybe weeks—to sell the planned volume with the goal of buying back at a lower price. That way, it’s both more profitable and less time-consuming, and you’ll save your nerves as well. 😊
At the moment, I convert all HBD payouts from posts directly into HIVE, at any price. This serves as a trading fund. I also receive daily rewards from Ecency, which contribute to this fund.
You're doing everything right. If something isn’t working, you should try doing it differently. It’s just foolish to keep doing the same thing, using the same methods, and expecting a different result. If something doesn’t work, you need to change your approach. I’ve been through day trading in 2020-2021, and I didn’t like it. I drew my conclusions and changed my methods.
Thank you for the list of authors—it’s very interesting!