A snapshot since I've been running this basic demonstration: Here's a simple way I trade steem dollars by capitalizing on the whale dumps and the entry of buyers. I simply follow the graph of the dump in red(traders/whales dumping, make a purchase then exit in the green(buyers driving it up). Let me show you here:
As you can see there was a 5 day pause between the 20th and the 25th when Steem Dollars didn't cooperate with my trading method but I exercised patience and this demo account went back to trading.
This is a continuation from my starting demo post here which I strongly encourage you to read: https://steemit.com/steemit/@bluehorseshoe/trading-for-fun-and-profit-steem-dollars-sbd-on-poloniex-an-entry-level-method-of-trading
Here's where my demo is at so far:
I started posting my most basic of trading methods for the sole purpose of helping any of my fellow steemians feel comfortable learning how to trade altcoins for fun and profit. Shhhhhhh.......................please don't share to the outside.
Trading is risky business and I do not guarantee future profits using any methods I share so please trade at your own risk.
If you have any questions please feel free to ask. I humbly ask for your upvote as an encouragement for me to feel I have an audience who would like to learn more here and follow me.
Thanks for sharing bluehorseshoe .I trade more on kraken myself but have started on poloniex.Love the name btw. Does bluehorseshoe still love Anacott steel?lol
Absolutely. Thank you for your comment. I trade primarily on poloniex and bittrex, cryptsy used to be my primary. Please shoot me any questions you have, I'm only sharing some of my trading techniques with fellow steemit members.
Good info thank you.
My pleasure and don't hesitate to ask if you have any questions.