Couple days ago I had an idea:
For people who want to bring back UST (later with better market mechanism) and believe in the future of terra:
I went on an exchange.
Bought UST with 25% of my trading amount.
Sold it higher, made a profit. Let the price of UST went down again.
Bought again, now even more UST with 25% of my trading amount.
Sold it higher, made a larger profit.
When It does not go down for a while to my previous buy levels I will buy at a higher price than the first buys.
When it drops I buy UST at a lower level with 25% of the remaining amount, sell it higher …
When it drops even further I buy UST at a lower level with 25% of the remaining amount, sell it higher.
For me it was important to use a precise percentage number like 25%. And I use it on the remaining amount, so that I will never run out of money.
When I keep doing this, I will gain more and more UST. I can trade with it or leave the profit in UST in my wallet. When many traders do this we will decrease the supply of UST on the market and the price will slowly but steadly go to 1$.
What do you think about this approach?