Trading, NOT SELLING STEEM | UPDATE II: The pump is over, ready to test 7600-7400 support
So after the action yesterday the pump on steem is over for the time being, as you can see Bittrex went from 60 BTC Volume to just 11.
Nowadays the Pump and dump of our asset is happening on binance, bittrex only follows the action and what you see there (in Bittrex) is mainly the normal users trading their posting earned steem.
The other day someone asked me what I thought of @ned selling his steem, and my reply was: It belongs to him, I think what he has sold he has done in a fashion that has not hurt substantially the price. (I might be wrong, but I dont see why would he want to hurt his company).
If he sold at a higher price, now he can enter back with a humungus profit and even drive the price up to make his company more profitable and benefit us all on the process.
So we are back to pre pump price levels, and the next support is sitting in 7200 satoshis....
- Would that be the bottom ?
- We shall see in the next hours/days.
I don't know much about trading, but this is interesting and I bet that it can be very good if you do it right and at the right moment.
I would like to learn more about this so I can make more steem, any recommendations?
If you like to learn the first step is to read a lot, find a simulation platform were you can trade fake money so you have fake loses.
Read a lot, ask questions (pertinent questions like what this term means, how do you calculate that).
Folow webinars, watch youtube videos, take a course...
Find a method that suits you and stick to your plan.
Never trade money you need...
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