Finally, Two Small HIVE Sell Orders Got Hit For Me During a Pump!
If you remember how last year ended or this one began, maybe many of us thought we would have so many opportunities this year to put even our liquid HIVE to work during these (often then) volatility days.
I made a little profit then, but not nearly as much as I could have made...
Since then, I think I missed one because my sell orders was a little too high and when I noticed it, it was on the descending path, and didn't want to sell (although in hindsight it was still profitable to do it then too), and then for a while I didn't want to adjust my sell orders because I thought the price would eventually go back above those levels and I would earn more... Except the bad market conditions continued, and I missed a few other opportunities, in the short term, which in this market, appear to be all we get, besides accumulating.
So, during last night two of my small sell orders finally got hit.
The smaller one is a ~24% gain in a few days since I bought at 0.189. From the moment I set the sell order, I had the intention to get back the same amount of HBD and keep the profit HIVE, and move the HBD to savings for my HBD goal, which I did.
The bigger 500 HIVE sell order also got hit at 0.235, and this one was purely for speculation purposes, to buy back lower, more HIVE. Initially I set a lower limit buy order and wanted to wait for the market to return to that level. But since I am still unsure where the price settles near term after yesterday's tariff news, I decided that taking a smaller profit is better than no profit from this particular trade.
So, I bought back HIVE with only 7.21% profit. My decision was prompted by the fact that BTC seemed to push higher, but well... right after I made my trade, the intra-day trend reversed. Of course, these are minor fluctuations, but for a trade like this, it can make a difference between 7% or 10% or 15% in one day depending on the decision you make. Either way, not great, but a profit is a profit on the second trade too.
Overall, that's some 54.3 HIVE profit made with around 595 HIVE involved, that's 9.12%. Could have been better or worse! Basically, the curation APR for the entire year with the same amount of HP. And it could have been nothing at all if no limit orders got hit.
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That is some nice profits. I haven't considered doing any of that, but I do have some Hive that I bought when prices were low. Maybe I should be doing that as well because its good profit regardless.
It is good profit, but it comes with some risk. It assumes the price goes down afterwards so you can buy lower, otherwise you will make losses, not profits. It isn't always as easy as it seems in hindsight.
I hope to come up and begin to enjoy the pump sometimes 😊
All it takes is buying low and selling high. As many experienced traders would tell you (I'm not a trader by heart myself), that's more difficult than it sounds, especially when emotions interfere.
Excellent, I was tempted to do so with previous pump, but I'm not good at that trading so just skipped
The previous pump missed my lowest sell order by quite a lot, because I didn't update them for a while. I'm glad I started updating them a few weeks days ago.
This could easily be worth 100$ or more in August/September. My point is, we don't tend to to really understand the value of those small profitable trade we make, until the market begins to move and it now becomes too difficult to buy lower.
I love the way you think! It's why I kept building up my HIVE holdings even as the price kept going down and down...
Exactly, because price can't go down forever. I think before price begins to switch up and becomes "unbuyable". This is the time.
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Well done. This time, it was a very narrow spike. I think there's more to come
Thanks. It was narrow, but I don't think the market is confident enough for bigger spikes without massive profit taking. If things loosen up economically, maybe then... I also think there's more to come until May, but let's see how easy things turn after this long beating.
Very nice trades man. Taking profit is always a good thing even if it's small, it's better than missing the whole damn thing. The market moves fast so locking in gains works for me too, but actually I'm full time hodler lol
Thanks!
It's true. That's why it works well with limit orders. You rarely catch them in real time.
hahaha indeed, rarely 🤣
9.12% profit is t bad at all..could have been better like you worse or worse..it s a win though
It was better than my last attempt, so yeah, I'm ok with that. Of course, 24% is even better, as I made on my small trade.
That is still a good profit to earn in the current state of the market
I agree. Any profit that compounds or sweeten the virtual losses in the portfolio is good.
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