Let's give BitTrEx a shot
Autotrading starting with some SDB
The final result in a follow up blog post 2017/05/15 ~ 15:00 CEST:
Final results for The quadrupple profit trading challenge
Fitteen Dollaa
Yes, throwing a massive 15 Steem Backed Dollar into the game. And the goal being to double the dare, meaning to QuaDrupple it. When? Well after a week, after the payout for this post, as long as I can 'Edit' it. When I transfer it back, at may 15th, it should be at least 60 Steem (Backed) Dollar {SBD}. After that I may give Polonex a try.
That would be a massive 300% profit, I am aware of that. And normally I do not even do short term trading. But I a while ago I saw MeesterBoom going at it with a 'tenner', so I thought to my self, good example set needs a follow up. This is kind of outside my comfort zone. High risk trading often is more short term, while I am more the long term conservative settler. So, I'm wondering what will happen.
Profit over profit
First profit I am going for is 60%. In effect meaning that my assets worth will have gone from 15 to 25 Steem Backed Dollar value. Needs to be settled within a day. Because I like to keep ahead of the time limit I set on this one. Bittrex offers conditional trades, had used those at Bleutrade, but these are more efficient. There is a Bitcoin {SBD} price I want to receive for my SBD, and as soon as the price gets to a certain threshold trigger, the order will be placed.
In the meanwhile I will not have to look at Bittrex account. Just let it do it's thing. And in the meantime look at what my next step would be. For that I keep an eye on the Market Cap, mostly sorted on the trade volume in 24 hours. Right now I am thinking what I was thinking with this challenge, but hey am going to try it anyway. At least get my SBD out in the end, so if all else fails I will be back at 15 Steem Back Dollar at least.
What would you go for after the SBD is sold for BTC?
And then there is the famous reminder
Only put in what you are willing and able to lose. And your speculation might turn out as bad or as good as mine.
Have a good one!
UPDATE 10 - FINAL : 2017-05-15 14:44 CEST
The final result in a follow up blog post: Final results for The quadrupple profit trading challenge
UPDATE 9: 2017-05-15 10:01 CEST
This is my fore last update on this personal challenge. At current state, if I had to buy back SBD I would have a loss of 13%. And only a few hours to go. So, if I'm 'lucky' I'll end up with 13 SBD. That is if I would trade it back. Do not know yet. But as far as I can conclude anything, it is that I better find another hobby...
UPDATE 8: 2017-05-12 10:06 CEST
Managed to sell my Steem a day later than expected. Set a buy order for PivX. With three days to go I am still at about a 67% profit. Still in the plus but no where near the goal.
UPDATE 7: 2017-05-10 22:44 CEST
The Steem trade is still on hold. In the meantime my expected leverage has dropped a bit. Did not pay that much attention either. Fingers crossed that Steem soon will pick up again. Otherwise I will need to sell. Still on profit, but it is going getting less...
UPDATE 6: 2017-05-09 23:29 CEST
Well, changed my initial LTC autosell, just after that the price went up. Still, managed to stay at about 67% profit and about 5 more days to go. Set now for buying STEEM.
UPDATE 5: 2017-05-09 09:03 CEST
Yes, I am definitely out off my comfort zone. Still at 40% plus and I do remember now that I dislike doing this. Still have LTC set at just some above 33 USD. Aaaaand, moving on with the things of the day...
UPDATE 4: 2017-05-08 18:25 CEST
Decided to go for manual sell of BTC to LTC, just a minor loss in the end. Price already picking up again. And it is now set to sell to BTC again at just over 33 USD... Bit of ping pong leverage.
UPDATE 3: 2017-05-08 18:25 CEST
Well, made my first mistake. Wrong condition setting for BTC to LTC sell. Now I will have to take a small loss. And I expect for LTC to rise, but I now lost a couple of percent up front. Retry...
UPDATE 2: 2017-05-08 15:40 CEST
Decided to go for LTC, as I expect it to go up big time again, as soon as the far east wakes up.
UPDATE 1: 2017-05-08 15:19 CEST
Made my first auto sell at a 60% profit? Well, it looks like it...
Now I have BTC to sell, what next?
Conditional trading SBD for BTC
screenshot cc-by-sa @oaldamster
EDIT: added 1st update, text corrections, link added
EDIT 2/3: added 2nd update, text corrections
EDIT 4: changed to last update first. Added update 3
EDIT 5: made a title update and added update 4
EDIT 6: update 5
EDIT 7: update 6
EDIT 8: update 7
EDIT 9: update 8
EDIT 10: update 9
EDIT 11: final update