You are viewing a single comment's thread from:
RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 1/31/19
I am also. It is growing @luegenbaron. It is appearing slowly but it is coming.
Each month, the numbers look a little better. Hopefully some of the smaller accounts continue to take advantage of the low price of STEEM and add to their stakes. It is an opportune time in my opinion.
I am watching the price to see an entry point to add some more myself.
Same!
Planning on doing my first real investition.. :)
Just don't know how to hit the right point.
There is no right point. It is impossible to target it exactly.
I will tell you a method that a friend of mine who is a very successful stock investor uses.
He uses a 1/3 approach when he sees a stock move into the range where he is interested. He knows he is not going to peg the bottom so he doesnt even try.
He simply breaks his buying up into thirds. When it enters his range, he will buy 1/3. Then if the stock moves down, he will buy another third. And then he will do the same with the final third.
If it moves the other way after the first buy, he does the same on the way up. Thus he hit the bottom on 1/3 his buy, and go in as the reversal took place.
I already have a couple buy in this range so I can afford to look for a bit better pricing. I will be patient with it. That said, anything under 30 cents is attractive and eye catching if one is knowledgeable about what is taking place here.
Yea.. Im doing something similar already.
Was powering down and selling all my Liquid steem at peeks.
Then buying in again at lows, trying to multiple my stake.
And I made 100€ out of 50€.. Worth in steem.
But I need to drive to austria soon to put some more Euros into a btc atm.. ;)
And then I was planning on doing exactly what you said.
I had the chance to buy at 0,22.
But me, dumb student, feared that it would also drop under 0.15
And with my little cash it makes a biig difference where I buy in..