Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 03/02/2017, 07:40:55 UTC
back to $1000

good bye triple digits  Wink Cheesy Cheesy Cheesy

There has been a very long red candle on Stamp half an hour ago. Did you see that? we got back to the triple digits but the price bounced back without problems. I'd say, yeah  Smiley

this red candle was exactly what i meant when i was considering a stop loss in my previous post.  a stop loss to close to the actual price could get triggered but if afterwards price climbs back so fast it is possible that you wake up just to learn that your coins are gone for a cheaper price and price continues to rally.

i guess i better just don´t fuck around at all with any of my coins. after all those years i learned that for me this is the safest strategy. especially in an uptrend. bitcoin is a beast and even though there is only one dimension that the price can move (up/down) there seems to a myriad of ways for an unskilled noob like me to lose coins when trading this roller coaster.

missing the sell@top/buy the dips opportunities is easier to handle than actually lose some of my beloved shiny holy coins.  i keep watching, that is entertaining enough.

That is why you do not employ any of those leveraging tools, or margin or anything like that....  it is too risky, unless you are going to be really actively involved and you employ a bunch of off set strategies that cause you to win big for every 5 times that you end up losing... hahahahaha

stick to really simple and small and non leveraged (and later, you can increase the amounts, once you get a decent feeling for it)