What is Thirds Rule???
Divide investment into THIRDS 1\3RDS 33%
Buy and Sell in THIRDS 1\3RDS 33%
Break each THIRDS 1\3RDS 33% into more THIRDS if necessary...
For example you have $300 USD to invest in Steem Dollars. (SBD)
(don't just spend all $300 USD all at once)
Buy the first $100 USD at ANY current market\exchange price. 0.0011
Next put a second $100 USD order at lower than current market\exchange price. 0.0010
Last put a third $100 USD order at even lower than current market\exchange price. 0.0009
Why buy in THIRDS 1\3RDS 33%???
Because you dont wont to risk paying more. The price could and most likely will drop to your second 2\3RDS 66% order if not your last 3\3RDS 99% order for example: 0.0011 , 0.0010 , 0.0009
Why sell in THIRDS 1\3RDS 33%???
Because you dont want to risk not making profits. The price could and eventually will spike higher from the original price point that you bought at. After each THIRDS bought you want to sell higher for example: 0.0012 , 0.0013 , 0.0014
Why break each THIRDS into more 1\3RDS? 2\3RDS? 3\3RDS?
Thirds Rule is a MEASUREMENT. (like a ruler or a formula)
This will allow you to minimize risk or loss.
Better to be in the positive and not being TOO GREEDY!!!
Please use Thirds Rule responsibly as it may also be applied to any other investments than Steem Dollars. (SBD)
Thank you for your time!
Stay tuned for more basic tradings strategies each month!
FranksIn©