Re: rpietila Wall Observer - the Quality TA Thread ;)

As it hits 140 tomorrow I will remember to think of the shameless shill that only you could come up with Shocked

Professional way to invest
- Adjust positions to have portfolio that performs in all scenarios
- Lay back and watch (haven't done a BTC trade in almost a year)
- Adjust when major things happen

Headless chicken way
- Haphazard portfolio allocation based on no analysis nor plan
- Wishing that something would go up instead of accepting whatever comes
- Selling at capitulation, buying at mania.

What harm am I doing and to which group? Cheesy

Not many bears around. Must feel bad to sell at 170, at the most oversold point in history.

Don't be ignorant, it is simply not done yet, a bounce was expected after the brutal crash and we may trade at this level (max $250) for few more days before the next knife fall.

Whether there will be a new lowest or not does not matter. Panic sell is never a good idea cause you could almost always sell later at better price when there's a rebound. Those sold at 170 could easily sell at 210 now, and that's more than 20% difference.