It's funny how things work out sometimes, and how you can so quickly go from an emotional high to a downright low, almost inevitably not all that long after you "hit your high". As a trader, you quickly learn to try and keep an even balance, and not let big wins "go to your head" (or bad beats either, for that matter).
From the perspective of a steemian, that would be the shock, awe, excitement, and "HIGH" many of us experienced after seeing some of our STEEMIT post payouts jump 3 fold (or more in some cases) after the HF19 hard fork went live. There was proverbial "dancing in the streets"!
Having the good fortune of experiencing these feelings before, I already knew what's coming next... It's the inevitable "hangover" you feel after that amazing time you had partying all night long. And speaking of hangovers, has some great ideas on how to relieve some of those "morning after" pains in her post "Quick and Easy HANGOVER CURES and PREVENTION". Of course, we're talking a different type of "hangover" here, but then again, a delicious plate of bacon can probably go a long way to "fix one's mood"! lol
AFTER THE BIG WIN...
More than ever, you've gotta stay humble, lest the "powers that be" in the universe often (and usually sooner than later) slam you back down on your head, put you back in your place, and remind you how little you really know. It's also easy to change your expectations after such events, which is directly correlated to the "ego" and "hubris" that quickly materializes after hittin' one out of the park! It is human nature after all, and the passions of man never change.
Of course, such behavior does often lead to some really great opportunities while the masses are busy plowing their heads up their keesters, especially for those astute enough to understand and appreciate these dynamics. It's what makes markets after all. As Warren Buffett once said, "Be fearful when others are greedy, and greedy when others are fearful".
YOU WRITE TOO MUCH!
Okay, so some of you may recall the post I wrote about 2 months ago, "DON'T CONVERT SBD to STEEM, BUY IT ON THE STEEMIT MARKET!" Many fellow steemians were grateful for the insights presented in that post, and I was happy to be able to share the information and enlighten others to some of the more fascinating "dynamics" of the STEEM blockchain. However, in the process, I ALSO missed another HUGELY CRITICAL point that was literally STARING ME IN THE FACE! And this mistake has literally cost me HUNDREDS of STEEM DOLLARS in the past 2 months since I first wrote that post!
GET TO IT, SO WHAT'S THE INSIGHT?!
The same logic that applies to "DON'T CONVERT SBD to STEEM" when SBD is trading over $1 USD also applies to POWERING UP your posts! I don't know how in the world I missed the connection, but it took this post by to WAKE ME THE F UP!, "Ausbitbank Witness Update 20/6/17 (HF19 in 3 hours!)", with the following statement:
- Do not use the internal convert option in your wallet for SBD's at this time - you will get a better deal on exchanges.
← CHECK, got that one covered! 👍
- You should also avoid doing 100% Steem Power posts at this time, you will make more money if you use the 50/50 option and then trade the SBD you get for Steem.
← SAY WHAT???????!!!!!!!!! 😖
💡💡💡 DING DING DING 💡💡💡, DUH! For each $100 I received on a "Powered UP" post payout, I was receiving about $100 worth of STEEM. HOWEVER, all at once I woke up and realized that (screw me!) had I been doing 50%/50% while SBD was still over $2 USD, I would have received 50% STEEM, and 50% SBD, worth over $150 USD (or a 50% higher profit per post). DOHHHHHHHHHHH!!!
Boy did I feel like an idiot. And hopefully no one else was following me in doing Power Ups, because that would have made me feel even worse. Regardless, as you can probably imagine, it did kick down my mood at least a few notches. Luckily, it wasn't anything that a good dose of Metallica, Megadeth, Iron Maiden, and Deftones couldn't cure.
FINALLY...
I was going to add a bunch more to this post about some other things to watch out for, especially since HF19 regarding Whaleshares and randowhale. I was also going to introduce my new "WhaleBoT" for those in the Whaleshares discord chat that automatically alerts you to changes in Whaleshare prices:
WhaleBoT: WhaleShares are currently trading at 5.50 BTS, or 1.62 USD [vp=66.86%]
However, as this post already seems to be getting a bit too long, I think it's probably best if I save that for a "Part 2" of this post!
If you missed my post on using the STEEMIT Market instead of "CONVERT" to exchange SBD to STEEM, here it is: DON'T CONVERT SBD to STEEM, BUY IT ON THE STEEMIT MARKET!
And for those of you who still need those "hangover cures", cuz my head still hurts, and that plate of bacon stills looks downright more frickin' awesome and delicious than ever...!

Link: Quick and Easy HANGOVER CURES and PREVENTION
As always, I appreciate your upvote, your follow and all your comments!