Post
Topic
Board Trading Discussion
Re: My Daytrading Diary (from 0.0354 to the moon!)
by
Pursuer
on 21/11/2017, 09:17:12 UTC
This was going good, until someone put a massive pile of ripple for sale just after I bought it. This is going to take a year before I can get rid of those.

it is a big mistake to do this though.
keeping the investment funds idle for a long time (a year as you said or even 1 month) is nearly just as bad as losing money in a bad investment. you are imprisoning your funds which you could have used to make profit elsewhere.
sometimes you need to take a small loss and accept it in order to be able to make bigger profit.

and I am saying this generally, as an advice. not just about Ripple, it may get pumped tomorrow for all I know. but this general advice is something that will help you maximize your profit most of the times when you are trading altcoins.