Sold some Hive for profits today
If you are following my blogs, you would have seen that I frequently share my trading experiences with everyone in the form of articles. Whenever there is time to purchase, I purchase some Hive and whenever it is time to sell Hive, I do sell Hive to book some profits. Most of the time I go with the market and that usually becomes a good thing. Today again I was able to sell some Hive and book my profits.
To start with the market is looking very good and all the credits go to BTC. Though I don't have any BTC holdings with me, I still admire BTC and one day I want to purchase and hold some BTC for the long term. I keep thinking about this for a very long time but I have not had the chance to purchase any BTC so far. Hopefully, someday it would decorate my portfolio. Currently, Hive is covering most of the space in my portfolio. Most of my investments are in Hive and Hive-based coins and tokens.
If you look at the above trend, we can easily find a good trading opportunity over there. I was able to purchase some Hive with all the liquid HBD that I had. I bought Hive when the price was 34 cents and today I noticed that the price was going over 37 cents yesterday. I thought I shouldn't be too greedy and placed a sell order at 37 cents. To my surprise, after my sell order was filled, the price of Hive went over 39 cents. If I had sold it for 39 cents at least it would be a straight 5 cents profit per Hive. But I'm still happy about what happened. I did not want to be greedy. The market is always unpredictable and things can turn in any direction. As long as the opportunity was right in front of my eyes to close a deal, I did it.
I would imagine this as watching the market go down and then recover back but what if I had not bought any Hive or sold any Hive? Now selling Hive at this price is also something similar. It is more like I did not do any trading and I had been holding my HBD as it is. Good to see a few cents profit at least. If the same trend happens quite a few times in the market, we can keep going with the swing trading.
Be ready for profit booking
This is something that I would like to tell myself. I shouldn't be very greedy and sell all my liquid Hive holdings. These days I make sure I have enough liquid Hive with me when the market pumps. Imagine another opportunity where the price of Hive hits 60 cents. I would like to keep some Hive in liquid. When the price of Hive goes over 60 cents, I would be interested to sell a lot of Hive. There is a high chance that correction can happen again to bring the price of Hive back to 50 cents. I would again become another trading opportunity.
I'm sure many people are ready to do this and the price of Hive crossing 60 cents can be a little hard for this very reason if it crosses 1$, I'm sure there would be lots of people trying to book their profits. I did buy Hive when the price was 90 cents aiming to sell Hive for 1 dollar again which never happened after that. This time I'm going to be a little extra careful. I would like to be careful with buying and selling the game and would try to sell and buy game.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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I would never sell any Hive below 1$. But I am also no trader. Hive Hodler 🙌🏻✊🏻
That would be a nice profit buying at that dip and selling when it came back up. Especially if you invest it back in to make even more as well.
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Hi @bala41288
This is a good strategy that you followed. You always share the helpful ideas to make the most in crypto space. Thanks
It looks like you've got all your ducks in a row when it comes to pulling the trigger and taking profits. It's also wise to keep some of your powder dry in the form of liquid tokens that you can trade with when the right time comes. Very wise indeed.
Yesterday I bought some Hive for $150 at a price of 0.35. Today, the price of Hive has gone up to 0.39. This isn't a great profit, but I've learned not to be greedy. The last time I used leverage, I lost $4000 in one night. That's why I don't want to lose again.😌
Oh wow 4000$ is definitely huge. Yeah we shouldn't be greedy while trading
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If we had not bought the #hive, what would you have done with the sale? Still you made a great profit. I keep an eye on your every post as there is something good to learn from it.
I would have held it and would wait for the next opportunity.