Dynamic-Xchange | DXSynergy Articles - Pick Digots for Success
| How to Pick Digots for Success and Fun |
Pick Digots for Success
by George C
One of the first questions those new (and, sometimes, not so new) to the complexities of the DXSystem ask is: how do I pick the right digots to buy?
In this article, you will find a digot picking strategy that has worked for many. Keep in mind, however, that digot selection is not an exact science. It is also a bit of an art. Use these suggestions as a place to start. Then, as you gain experience, develop your own strategy and style.
First of all, purchase digots only in the currency of the portfolio you are working with. For example, if one of your portfolios is USD based, then purchase only USD based digots for that portfolio.
The exception to this is the digot ANT. Since it is based on DXGold as a currency AND DXGold is pegged to the US Dollar, it can be picked for a USD based portfolio.
The reason to pick digots of all the same currency for a particular portfolio is to avoid having your End Of Session credits to Reserve Balance reduced, as a result of currency fluctuations.
From here, my general rules for digot picking are as follows (in the actual order I use them):
Better than average gains, but NOT the TOP gainer, over the last 30 to 50 sessions (so the digots still have room for growth) I use free services such as:
http://www.richmansworld.net/dd/
to find digots that fit this criteria. The DXChangers site is easier to use, because you can easily sort for just the specific currency- based digots you want to look at. For example, if you only want to look at USD based digots, it is easy to view just these.
After sorting the digot list so the highest gainers in the last 30 days are at the top, pick digots in the upper 60-90% of the chart to look at more closely. From these--
Look for digots with a lower than 10% premium/ buy price % (called the premium percentage). The lower the better. Picking only digots with a below 10% premium percentage keeps the Credit Line in your DXIO account lower and contributes to a higher DXDA.
For example, if two digots you are looking at have the exact same Buy Price, but one has a lower premium percentage, pick the one with the lower premium percentage - you will pay less for it.
After sorting for 30 day gains and a lower than 10% premium percentage, go to--
Look for higher than average activity level, but not THE highest (again, to give room for growth) For this, you may have to go to the DXIO site itself to get the latest activity statistics OR consult the DXChangers site later in the session.
I personally don't usually buy any digot over a .30 -.35 or so buy price - while some may argue there is nothing "wrong" with buying digots with a higher buy price, this is simply a personal quirk.
Notice the above criteria do NOT include just looking for the lowest priced digots OR the digot with the lowest premium percentage -- it just happens to turn out that way sometimes.
Some days there are NO digots that meet these three standards (in which case I do not buy any) and some days I fudge a little bit but most days (almost all) I follow these selection criteria strictly, and my TDV has seen steady gains (higher than those of others) as a result.
I do purchase digots from my End Of Session credits in Reserve Balance as many days as I find digots that meet -- or are very close to -- the above criteria.
| 
