a reply to: seasonal
I am in the guessing game like us all... just trying to minimize the loss by letting the fibonacci sequences that all trading charts seemingly follow
is what I am all about.
I don't hold the term MOONING in my mind or decision making. My thought on coins like this are long haul holds once I take my initial investment out.
If I were investing thousands upon thousands I would care more, but most of these buys are essentially buying a few coins instead of a few drinks for
friends and what not. I personally will never miss these tiny buys if they go belly up, mostly because I already took 100%.
Now when the Altcoins spike up 200, 300, 400% and up, there's only one way for it to go, and that's down. I pull out those type of gains to lock in
profits... I never care how much I may have missed out on if I had stayed... I am simply adding to locked gains to minimize losses on the short end of
Swing trading is the best style for crypto. I am letting these gains spike up for 4 days or so and watching closely for resistance. As soon as I see
the resistance and think it will turn, I am out... not all the way, but pulling profits. Next, the profits are moved to one of the stable protocol
coins if I feel there will be a while for the profited coin to stabilize. if I feel I can get in soon on that profited coin on the low end and ride
another bounce, then I wait for it to drop around 20-30% and start buying more coins in hopes I caught the low end.
The reason the wave trading is important, is because fees for trading crypto are essentially non existent as compared to brokerage firms taking $7 for
even a .50 trade. To not ride the waves to the best of our abilities is essentially throwing money away. If I buy 1,000 coins at $1... say it jumps
up to $1.20. The 1,000 is now $1,200. I only ditch partial shares, as I don't have a vested interest in the coin... some people choose to ditch them
all short term. Well, say you ditched them all for the short term. Hold the $1,200 and try to get back in as close to $1 as possible... preferably
lower. When you get back in, you will be buying $1,200 coins at $1.
The number of coins owned is more important than the value of the coin. the value of the coin is always a secondary function to how many coins one
We're learning as we go here. If anyone is telling us they know they path that will unravel with this is straight up lying. As long as we stay away
from the people that indicate they are right, we are in good shape.
These charts very rarely go flat... if its flat its not currently trading.