Trading is usually not my cup of tea. I did not give it a try thinking that I wasn't lucky on that in the past. But the truth is when I started my journey first on Blockchain and Cryptocurrency, I started with 100% returns from my bitcoin investment. I bought BTC when the price was 5000$ and sold it when the price hit 10,000$ and booked a 100% profit.
Only then I found crypto treading interested and wanted to give it a try. After that, I did not try my luck so much because I have seen lots of loss in share market trading in the real world. But still, I couldn't control my temptations and I did some successful trading in the crypto markets.
In the past few weeks, I have been doing similar trading in the markets. I had a little steem on one of my exchange wallets and it was sleeping there for a long time. I thought I should get rid of it by selling it when the price was high. Due to some factors both Hive and Steem pumped to a decent price and it is still stable in that price range.
As the price was fluctuating, I wanted to try some trading. I did not have enough liquid hive so, I wanted to give Steem a try. Compared to Hive, Steem was having a better trading possibility. My intention was to sell my steem and get rid of it. But once I sold it, the market crashed and it went to a low price. I thought I would give it a try to do some trading and I again bought back Steem for the value that I had.
I thought having some extra is always good and was happy with Steem. Next time when the price again pumped to almost the same value as the previous one, I again sold it and was waiting patiently. To my surprise, the price again hit very low and reached the low value that I sold earlier for. I did the same thing again and again almost 4 times and made a decent profit. I'm not sure if this zig-zag movement would keep happening or not but I'm glad that I was able to make use of it.
I almost got 50 percent of the coins that I initially invested as just trading profits alone. This has given me good confidence in trading and I'm going to try this out frequently to see how my luck works.
Note: Just because I traded Steem, it doesn't mean that I'm in love with Steem. My thoughts on Steem are still the same.
Posted Using LeoFinance Beta
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