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Wall Street ChadsWall Street Chadsby0x776B58E98bcB5d9f5eA7a00dE6FEC714f15a6A8f0x776B…6A8f

Trade ICX using Limit Orders to compound sales within the week.

Voting ended almost 4 years agoSucceeded

Proposal: Purchase 0.5 ETH of ICX token. I’ve used this token to trade in the volatility of the market and learned about it from Dave the Wave who has a subscriber channel on trading with the volatility of the market via altcoins. This token sees large daily % swings up and down as it tracks with BTC and ETH price, and long term should trade in the $20-$100 range. Currently at 78 cents.

What is ICX? You can read about it here https://coinmarketcap.com/currencies/icon/ But more notably see the major % swings as it follows along BTC and ETH price wise. It is a great token to buy and sell through limit orders.

Technical Analysis available via Davthewave. https://twitter.com/davthewave/status/1508545441990062080?s=20&t=0o1kEiA-OiZM9G840QpF0g

This proposal is simple. Purchase 0.5ETH of ICX and immediately set a limit sale for 5% higher than purchased. Once limit is hit and ICX is sold, put in a limit buy order using all proceeds of the first sale to repurchase ICX at the original purchase price. Once repurchased immediately set a limit sale for 5% higher. This process will repeat until the position is closed in a week. To close the position in one week will occur in 1 of 2 ways. Either we have sold ICX and the price has not dropped back down to our original purchase price and one week has transpired (therefore time limit to buy more has expired), or we set a final limit sale of 5% higher than purchased and let it sit until the limit order is hit.

For a token with volatility like this one, it’s an easy way to compound 5% gains on a repeatable basis (we could have 10+ buy and sells in a week that compound each time with this one).

The Corp Will Prosper!

Off-Chain Vote

For
155 WSC87.1%
Against
11 WSC6.2%
Abstain
12 WSC6.7%
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Timeline

Apr 24, 2022Proposal created
Apr 24, 2022Proposal vote started
May 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated