Thursday, October 18, 2018

A quick update on trading



A quick update on trading
By Brian C Woosley on October 17, 2018
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Hello everyone,

As you may have noticed, the last several days of trading on the currency exchange have been difficult due to several unexpected updates made by Token.Store over the weekend.

Specifically, the exchange had significantly reduced the number of buy and sell orders t hat were being shown...

... which has made it difficult for us to move forward with our trading strategy of buying and selling within a specific range to drive the trading volume and coin price upward.

This limitation made it difficult for everyone to trade and earn large trading bonuses.

 

Good news

I’m happy to announce that after contacting the owner of Token.Store this limitation has now been removed...

...  and you are now able to more easily view and trade in the target range so that you can earn larger trading bonuses.

 

Our recommended trading strategy

To earn bonus coins and larger cash advances from trading (which is launching today) y ou should remember to only trade in the target range listed near the top of your trade history page:

A quick update on trading

We recommend following these two (2) simple tips to ensure you are earning as much as possible:

1)      When SELLING coins, only place Limit orders

A.  Enter a price that’s within the target range:

                A quick update on trading

B.  For the expiration time, I suggest setting an amount at 500 or below so that you don’t have to cancel your orders as the trade range adjusts throughout the day:

A quick update on trading

2)      When BUYING coins, only take (accept) sell orders that are priced in the target range:

a.       You accept sell orders by clicking on an order (where the price is listed in red text) and then clicking “Are you sure?” to complete the order:

A quick update on trading

And that’s it!

By only placing Limit Orders when selling...

... and only accepting Limit Orders when buying...

... of course always ensuring the price on your buys and sells are within the target range...

... ALL your trades will count towards your trading volume, bonuses and will grow your cash advances.

 

A note ab out ‘fails’ 

A.  One reason that many orders fail is that someone already accepted it before you.

Therefore, before taking (accepting) sell orders, I would refresh your browser, which helps ensure the orders are still available (and you’ll get less fails).  

B.  In addition, one thing we’re all noticing is that when the Account Activity section of the exchange says a transaction has failed...

A quick update on trading

... it quite often did not actually fail.  

If you click the word “failed” in the above, it will show you the transaction on the blockchain, where quite often you will see that it did, indeed, succeed:

A quick update on trading


C.  We will be speaking with the owner of Token.Store to communicate all other issues you’re seeing in the hopes that they will fix those issues quickly.


Gas prices

To avoid paying unnecessary gas prices (transaction fees) from the top of Token.Store be sure to set your GAS PRICE to the “recommended” setting and not higher:

A quick update on trading

&nbs p;

Remaining on Token.Store

As discussed in recent announcements, we’ve been working for many weeks to list the empowr coin on new exchanges other than Token.Store.

We had planned to launch and announce our new partnership this week.

However, with our new trading strategy now in place, it’s critical that we are all able to accept sell orders that are within our designated trading range to keep the price within the target range. This is a capability that very few exchanges other than Token.Store presently offer.

For that reason, it appears that we should keep Token.Store as our main exchange for now.

If this exchange doesn’t improve quickly, as we continue to succeed at growing the empowr coin price and trading volu me, we will then be able to branch out to more exchanges. If any don’t offer the functionality we need, they would be more willing to provide it to our community when they see our improved trading volume.

We understand that there are many issues with the Token.Store exchange, and now that we must stay there for a longer period of time, we will be working more closely with them to fix issues we’re all facing...

... and work with them to add new functionality that will help save you time when trading on the exchange.

For example, we will ask them to automatically import the target range into Token.Store so you don’t have to keep an eye on it.  The idea is to give us the ability to simply add the range to the price field with a single click of a check box.

 

Strategy for setting our target range

So, how often should we modify the target range for the coin?

After consultation with Carlos and May Ram, we believe the right time is when 75% (or more) of trades are happening within the target range.

Unfortunately, Token.Store’s move to not show all orders made it near-impossible to trade within the range over the last few days, and our trading volume was damaged as a result. 

As a result, let’s lower the target range now, and then we’ll move forward again after 75% of trading is happening within the target range.

Please visit your Trading Hi story page to see the new target range.

Again, the good news is that Token.Store has reversed that move, and we’re all now able to see the Limit Orders and trade within the target range.

Happy trading to everyone – and if you haven’t started earning your trading bonuses yet, be sure to speak with a Success Coach so that they can guide you through the process.

Any questions? I’m here for you.

 

Your President (only for the next 5 days, before your new President Carlos starts),
-Brian

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