Saturday Savers Club Progress week 20 - A nice week of HBD:HIVE trading

Its week 20 (18/05/24) of my savings focus for 2024 with the Saturday Savers Club which is a great Hive community initiative run by @shanibeer writing as @sally-saver on the @eddie-earner account.

My goals for this year are:

• Primary goal - to increase my HP by 7500, to 18500 HP,
• Secondary goal - to increase my HP delegation to @eds-vote by 1000 HP, to 3000 HP (because I want to accumulate more of the EDS token).

I will also be continuing to increase my holding of investment tokens, and delegating HP to a number of good community curation accounts as well.

This weeks pic - My wife and I went for a nice walk on saturday afternoon along the Water of Leith (a river here in Edinburgh). Part way along that river is the folly above. It was constructed in the Victorian days (19th century) but paying homage to Greek/Roman architecture. Its pretty impressive to see.

Weekly Investment Focus

• HBD:HIVE trading went pretty well this week with 41 trades going through. This only happened because I have extended my trading range in the low $0.30s to align with the recent low price of HIVE. I'll continue to add funds in this range in order to take advantage, and increase my trading gains,
• I added a little more funds to the PWR:SWAP.HIVE liquidity pool this weekend. This is currently paying a nice APR, daily in PWR. I'm keen to keep increasing PWR, which is an investment token that should start paying out dividends/drips later in 2024 (hopefully). Using the pool option feels like a nice way of having a passive PWR growth (even if small).

Weekly Stats

Weekly commentary

• HP Gain: I gained +52 HP during the week. My posting activity dropped this last week and my HIVE gains along with it. I'll need to try and get back to posting more frequently,
• HP Passive: 18.88 of my HP gain this week came from curation (not really passive) and HP APR. This is my highest ever amount and formed 36% of my HP gain this week. Its great to see this figure continuing to increase and making quite a nice impact to my weekly income, especially on weeks where I havent been as active,
• HP goal: My HP total now stands at 12612 HP and I need a further 5888 HP to hit my primary goal of 18500 HP. At 32 weeks to go, that requires 181 per week (an increase of 4 HP). Its looking doubtful as to whether I'll hit my 18.5K HP target this year - but I'll keep pushing for it,
• HP delegation to @eds-vote: My HP delegation to @eds-vote increased by only +1HP to 2184 HP - I forgot to delegate more last weekend, so I'll delegate an additional catch-up amount this weekend to make up for it. I need to delegate another 816 to hit my secondary target to raise my total delegation to 3000 HP. That will require an average of 25 HP delegated per week to hit it, which I should achieve (in any case, I will do what needs to be done to hit it by the end of the year),
• HP delegation to curation accounts: I didnt add to my @qurator HP delegation this past week - like above, I forgot !, So again, I will add a catch-up amount with this weekends delegation. My goal is to have a total of 250 HP delegated to that account,
• HP delegation to curation accounts: The main aim of these community delegations is to support these great curation accounts that have certainly helped me along the way to where I am now, but I'm also getting nice daily drips of HIVE as a result from @ocdb, @qurator and @curangel as they pass on their curation income to delegators, which is a nice little bonus !
  I tend to reinvest those HIVE drips from the curation accounts back into my HBD:HIVE trading fund, giving a nice little synergy to growing another income stream. Its a shame to say, but pinmapple is going to stop in early June, which I will miss very much. I will remove my delegation to it at that point, and add what is there to one of the other accounts - but I will keep supporting it with that delegation until it stops,
• LEO (which includes LP): I gained 30 LEO this week, which is a little lower than my 12 week rolling average (of 33 LEO per week), but still a nice amount. That comes from my Inelo posting and curation activity, my HP delegation to @leo-voter and also my LP delegation to @india-leo.
• HP delegation to @leo-voter: I added 1 HP (!) to my delegation to @leo-voter this week (actually it was due to HP APR growth). I do intend to add to it further later in the year (after my curation account and @eds-vote delegation targets have been completed) but am monitoring it anyway because its an important part of my LEO growth strategy,
• EDS: I gained +2.66 EDS which is a little higher than normal. My 2184 HP delegation to @eds-vote brought in +1.9 EDS this week. The rest of the gain seen came from the mining lottery for holding EDSMMs (I have 146 of those) and the weekly drip from holding 7 EDSD (which was 0.04 EDS this week). I selected increasing my delegation to @eds-vote as my secondary goal as I'm really keen to keep accumulating EDS, and focusing on the HP delegation works well with my primary goal of increasing my HP total,
• HBD:HIVE Trading: I had 41 trades go through for a total gain of around 41 HIVE, which was certainly a lot better than I was expecting (I was expecting around half as much at best). There had been some nice volatility with the price going up and down a number of times. I always set my trades up in advance, and as such, I'm then ready for when the price moves (because the trades go through automatically - no need for me to be online and watching the price constantly). Its great to see this working well, and gives me the incentive to keep focusing on it and adding to my trading fund, which helps to increase the profit per trade.

Plan for the coming week

• Regular Posting: Regular posting (daily) is the key to HP growth. I've been a bit lax this week, but I'll see if I can get back to more regular posting this coming week,
• Posting via Inleo: I'm continuing to post mostly using Inleo due to the extra LEO this will generate. Its making a difference, as is having Premium,
• Curation: To be active in HIVE Blog curation to help with HIVE curation rewards. I try to keep my voting mana between 80 to 90%,
• Undelegated HP: To continue to increase undelegated HP in order to improve HIVE curation rewards,
• HBD:HIVE trading: To continue with HBD:HIVE trading. I'm going to keep adding more funds to my trading capital from post payouts over the coming weeks. HBD:HIVE trading has been working well for me, so I may as well take advantage of that and try to increase the profits on my trades - increasing my trading capital will help to make that happen,
• HP delegation to @eds-vote: This weeks delegation of 10% of my weekly HP income to @eds-vote will add a further 9 HP,
• HP delegation to curation accounts: This weeks delegation of 10% of my weekly HP income to community curation accounts will add a further 9 HP to my @qurator delegation.

Summary

I had a really good week considering I hadnt been as active compared to other weeks. HBD:HIVE trading certainly made the week for me, and is demonstrating that it is very worth while - so I will be continuing to focus on it for the near future.

My Tribe Token Investment Project

My experiment with 8 different tribe tokens on my alt account @hoosieboy is moving along nicely. The experiment is designed to grow semi-passively via staking, curation, posting and rebalancing - in a way where the methods should work together and add constructively. Everything gets re-invested back into curation accounts for the same 8 tribe tokens, so it also provides a positive boost to those tribes.

I'm due another rebalance. There has been quite a bit of turbulence in the layer-2 markets, hence is been a bit up and down of late. The last rebalance incurred a very small loss in value, but the overall number of tokens continued to increase, which is the main focus at this point in time. You can check out my latest rebalance post on my @hoosieboy alt account here.

And as a reminder:

• This weeks Savers of the Week post went live on friday (here). The awards for those selected are quite nice ! We are looking for inciteful content that shows how you are saving, growing and investing. Each of the 4 nominees gets 15% of the notification post payout and 5 HSBIs - so it can work out as a nice little boost to all selected ! So make sure you are creating your weekly savings posts, and tagging them in the comments of the weekly post from susie-saver on the @eddie-earner account - you've got a very good chance of getting selected !

Interested in the Saturday Savers Club ? Check out their latest posts here.

Posted Using InLeo Alpha