Day trading Steem + Steemit participation: Week #1

Hello all. Today ill talk about day trading and my first week on steemit. I made my "Introduceyourself" post 1 week ago. I wanted to write this as a check point for myself and others who may be following me.

So far I have really enjoyed my experience here on steemit. I have found some users to be very helpful and post helpful content. I have also seen users that post basically garbage and beg for upvotes. It can be hard to be seen due to the volume of new posts making your new content old news in 10 minutes. I have also noticed that everyone wants to promote their own posts and want people to read them but, they don't want to read and upvote others content. I really think there needs to be more category choices. Some tags that are necessary wont get seen because there is no listing for them on steemit and probably no one searching those tags.

In my first week i wrote 4 articles. One of them was dedicated to a local fishing group in my state that I am involved in and their progress as a community. I wanted to write one per day but i put in about 13 hour days for work and commute and sometimes I'm just to tired to pump out an article before bed.

I have helped 2 people sign up for steemit so far, 1 of them I know will be active because he has TONS to write about and its on a hot topic. I hope to spread the word and get a few more.

I invested in about $15 USD of steem power mostly out of curiosity. I plan on slowly building up my steem power as needed. Maybe $5 per paycheck for now. I'm still building my confidence in steemit so i don't want to get crazy with it.

I have also invested about $50 USD into Etherium. I sent to Binance and now I am actively day trading steem with about $35 of it. Now I know that $35 dollars is not enough to day trade with but I was impressed with my ability to start with about 8 Steem and turn it into over 11 steem in one day by Hawk-eyeing the market. If I would have played it just a little better It would have come out to about 13 steem.

The markets can be hard to understand as a beginner. I'm choosing steem because I have noticed good stability in its price. It seems to often fluctuate from about $2 USD up to around $5 USD every couple of days. This is troublesome for steemit users when they see their rewards go down. Some may be confused and think this is because of a downvote which can cause a little bit of panic and second guessing the steemit platform.

I for one get excited when steem drops in price because it gives me an opportunity to buy steem at a relative low price and then wait a few hours or over night for it to rebound. My first day trying this method I had good success which has put me in an upward trend and a position to earn even more from my original investment. If I don't have to put more bill money into it that's fine by me. I probably will add about $15 every two weeks to my binance account so I can trade with more volume.

Ok now I haven't had just pure success. after my initial successful trade, I did panic sell at a loss. This was because I thought the dip had started, I was wrong. After it jumped up about 10 cents I thought it was going to climb even more so I bought on a small dip in an effort to shave an extra cent or two. It proceeded to climb up another couple of cents and then dropped about 15 cents before I could sell at any kind of a profit. I'm still waiting for the price of steem to jump to about $3.20 and I will dump and start all over.

I am starting with very low money amounts because I want to get my feet good and wet before risking larger amounts of money.

I'm excited to be meeting other people from my state and surrounding areas.

All in all I'm enjoying my experience here at steemit. I don't have much to show yet but there it is. I will try to post one of these every week or so or as interesting improvements arrive.

To sign up for coinbase click here ---> https://www.coinbase.com/join/5ae154b149d3f30338232b5f
By signing up on Coinbase by using this referral link, Coinbase will reward me with $10 toward my wallet.
If you invest $100 or more we will both receive the reward. Thanks!

To sign up for Binance click here ---> https://www.binance.com/?ref=29200125
By signing up for Binance with this referral link, I will receive a 20% commission on your first trade with Binance! Thanks!

to view my other posts please visit @dustin.hutson

Thanks for reading and steem on!