Are you holding a bag of STEEM?
If you answered YES and reading this post, please be patient as I try to explain and NOT try to come off spreading FUD (Fear Uncertainty Doubt).
If you answered NO and wanting to buy STEEM around this high level...
"thirds rule strategy"
BUY in THIRDS and NOT ALL AT ONCE!
THESE FIGURES, NUMBERS, AND DOLLAR AMOUNTS are just examples to illustrate strategy. Please adjust your own actual figures, numbers, and dollar amounts to your specific totals.
So for example:
If you have 1 BTC and let's just say $1600 for each bitcoin which comes out to be a total of $1600.
You can buy a 1/3rd of STEEM at current level $1 (533 STEEM) which equals $533 or .333BTC
You can now set a buy order for a 1/3rd of STEEM at a lower level: for example $.75 cents (710 STEEM) which equals $533 or .333BTC
You can finally set a buy order for 1/3rd of STEEM at an even lower level: for example $.50 cents (1066 STEEM) which equals $533 or .333BTC
This completes the BUY in THIRDS.
Now that you have all that done!
Let's start the SELL in THIRDS.
You should have 533 STEEM that you paid at current level of $1 for a total of 533 STEEM.
Using "thirds rule strategy" and dividing 533 STEEM by 3 you will have 177 STEEM
177 STEEM can set to sell order at let's say $1.25 since you originally paid $1 each.
177 STEEM can set to sell order at let's say $1.50 since you originally paid $1 each.
177 STEEN can set to sell order at let's say $1.75 since you originally paid $1 each.
Now you can adjust your own amounts if you like, I just made it somewhat easy to comprehend for newcomers.
The purpose of this allows you to be covered on both ends...UP and DOWN...
So if the price of STEEM goes UP!
You WIN!
So if the price of STEEM goes DOWN!
You WIN!
Does NOT matter...
You simply Rinse and Repeat.
Buy in Thirds
Sell in Thirds
"thirds rule strategy" is like a measurement
Now for the people who are holding a bag of STEEM already. Thank you for your patience and allow me to start.
Same concept.
Take your total bag and divide it up by 3.
You may now SELL your first 1/3rd bag at current level $1, that way you should of GUARANTEED a profit selling at the current high level. You can simply do what I described above and REBUY back that amount of STEEM you sold at $1, but at lower levels. (for example $.75 cents, $.50 cents, $.25 cents)
Any left over balance you simply can withdraw and SAVE IT, SPEND IT, or REINVEST IT.
It's your GUARANTEED profit so TAKE IT and don't be TOO greedy.
Now you may began to SELL your second 1/3rd bag at a higher level sell orders. (for example $1.25 $1.50 $1.75)
That way if the price goes UP or DOWN, you WIN! Does NOT matter...
What about your last 1/3rd bag???
Well...I should not have to tell you to store it in safe place for MOON traveling. (I don't mind being stuck with my last third bag, because you NEVER know.) ($4.00 STEEM PERHAPS AGAIN?) ($8.00 STEEM DOUBLE IT?) ($100 STEEM THINKING BIGGER?) :)))
If you don't catch my drift, just let me know in the comments below or if you have any further questions or concerns.
Please use "thirds rule strategy" RESPONSIBLY.
Thank you for your time.
Frank III