I am not a trader as well...
I think it's hard to decide on the profit margin as market conditions are unpredictable.
So the 12% margin is an arbitrary figure. I use a gut feel. :)
The core of the strategy boils down to these:
- Not touching the hodling stash of Hive, so I stay exposed to the market.
- Taking this as an extra "side hustle" to take advantage of the fluctuations of the prices.
- Only execute "buy-low and sell-high" trades (that means setting it up and leaving it to execute)
- Even if there is no trade, be happy with whatever is held on hand, be it USDT or HIVE.
The advantage this strategy is taking is that most of the time we are not there to take profits or buy the dips when price moves, so this does it automatically.
Since it is only a side hustle, it's easier to be patient.
Honestly, I have lost more through investing into staking.
I think this strategy could be easier, and more profitable than staking.
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If you have funds to spare, I would suggest adding liquidity to the diesel pools at Tribaldex. Returns on these pools vary, but after a month or two you can take LP Rewards (if offered by your chosen pool) and sell them for SWAP.HIVE which you an withdraw and repeat the cycle, or sell them for SWAP.HIVE to build your position some more before you withdraw and repeat that cycle.
Even if you start with 20 SWAP.HIVE and an equivalent value of another Layer 2 token, you will see returns quickly enough to want to add to your position in the diesel pool.
For me, this is even less stressful than trading. The only drawback is selling the LP Rewards to SWAP.HIVE since you would be receiving any number of tokens you don't really care about. The big thing here is to keep adding to the pool periodically as your time and resources permit (monthly, every 6 weeks, whenever you win a bet, etc.).
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