SPI trading crypto markets | Example and Results | Side Hustle

Hello SPIers. Im always playing about with things, setting up trades to exit at a later date, testing out new defi platforms and other stuff. Today I thought I would share the results of the most recent trade I have completed to show you guys the sorta stuff I get up to with your money, how I plan and execute it. Most trades I do are long-term trades but from time to time, maybe 10 times a year I will get involved with short-term trades if the risk is what I consider low.

Trading for SPI
In general, I dont do it. Im ok with risk, this is not a problem but im not ok with losing other people's money so when I do trade, it's very low risk. 90% of the trades I do are basically a reaction to seeing crypto we hold jump 20%+ in a day. I can watch tokens jump 20-30% in a day and not react but if it happens 2-4 days in a row, im likely to sell some for a stable token with the hope of buying back more at a later date when the price corrects and drops 15-20%.

In general, I dont do it. I see lots of chances but I understand that things have to go wrong only once to wipe all our past profits. It's all a numbers game and I've just been lucky so far.

Trade #1

I completed this trade yesterday which im happy about. If I waited until the day, the profit would have been better but c'est la vie and we get out with a profit.

The platform used was EMP. Not going to go into the mechanics of EMP but put simply, it's a farm token that is pegged to ETH at 4000 EMP to 1 ETH.

The opportunity came when the EMP token dropped off its peg to 0.82 (1 being peg). I found out a huge whale dumped tons of EMP onto the market, this was when BTC was floating around $30k maybe 2 months back. I know the EMP team and their community are very committed to EMP and had a feeling they would regain the peg over time.

The trade was to buy into their EMP/ETH LP token. The trade was funded from BUSD we have sitting in our Metamask wallet. I bought 25 EMP/ETH LP tokens at the cost of $32.75 each for an investment of $818.75. I staked the LP token cause why not earn some harvest while waiting.

The exit came yesterday and the profit was mainly driven by ETH's recent surge in price. I sold the 25 LP tokens at $42.27 each.

The result was a profit of $238 representing a gain of 29% in 2ish months. Not too bad and better than earning 8% from Celsius, cefi platforms.

FYI, EMP still has not regained its peg but hey, 29%. If that's not enough, what is? and no point in being greedy and adding more risk. I understand to you, EMP might sound risky but I've invested time into researching EMP, a couple of hours a week is used up to stay ontop of it, through their discord and youtube channel. Im a silent observer 😉 I see the team behind and I know they have a mission and point to prove, they are all self-made guys, most of them millionaires and they seem to walk and walk. I feel they are a safe bet.

Trade #2

Remember back maybe 2 weeks ago when the price of HIVE mooned 30% in a day? It was on the 29th, I just saw I wrote it on my whiteboard. I actually did it over 2 days, so on the 28th, I converted some HIVE into HBD when it was around $0.55 and then the next day again when HIVE was around $0.65. My average conversion rate was $0.58 because I went a little harder on day one. In total, we converted 4244 HIVE into 2500 HBD.

The plan was to wait for HIVE to drop back down to 40 cents and lock in around 2000 HIVE profit. HIVE today is $0.43 so we are in profit of 1569 HIVE but i think it'll be lower in a few months and that the 2500 HBD is now part of our main HBD saving wallet earning 20%.

The exit for this will come when HIVE is around $0.20. This is not a short-term trade, this is very much a medium-term trade that will take maybe 6-24 months to play out. The risk is low because we're earning 20% on a stable token and in the case that HIVE goes on a run and moons to $1, we'll have that earned HBD interest to cushion the blow.

There are 2 examples of the sort of things I do. The EMP one is a reaction to ETH mooning the past few days and the HIVE one was a reaction to it mooning 30% in 1 day. Both very low risk and decent reward.

The ones i dont do

I have been very tempted yesterday and today to sell 10 ETH from our EMP holdings and converted them to BUSD and then sit and wait for the price of ETH to drop to $1200-1300 and try to grab a 1-1.5 ETH profit but I think the risk is too high and ETH could hover around these prices for a long time while $15,000 would be sat idle not earning nothing. The risk is not worth the reward. I did do this from my personal account as I honestly believe this recent wave of green days is being pushed mostly by ETH and once the buzz is gone, we'll get right back into a bear market but that is not a risk I can take with SPI's funds. What we have (i think) in the markets with all this recent activity is a bull trap, it's the glimmer of hope things are turning around. I could be wrong but I've wagered 5 figures that ETH will drop to $1200-1300 within the next month are so. If I need to wait 4-5 months, I dont care. Do you notice how I said wagered? I dont do that with SPI funds, I have to resist it.

There you have it, that's how it's done. I can say with my hand on my heart and typing with 1 hand that I have never lost money on a trade for SPI. Been lucky so far, all I'll say is time is your friend. Crypto is very volatile so if you wait long enough, you usually get what you wish for.

Thank you for taking the time to check out today post. Have a great day

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