Re: [ANN][POWR][UPDATE] *** POWER LEDGER TOKEN SALE STARTS FRIDAY 8TH SEPTEMBER ***

Again, very interesting comments here! I now feel tempted to buy-in regardless of my fear. Im really not a pro or anything near it, so I just want to accumulate some knowledge here: what makes you think that it wont retrace more than the current price? Even with those new points of view, I stick to: nobody can predict the market! POWR could go way higher, but at the same time if speculators start to cash out weak hands will follow and can cause a crash. When and if this is goint to happen? Nobody can tell. But I've learned to respect the market the hard way. I will just see where it goes by putting tranches of my investment in there, day by day, and see where we are heading.

I've learned to respect the market too, through getting rekt many times, thus "becoming a pro at something is failing at it from every angle and knowing how not to make the same mistakes, or minimize them". Past market history isn't always accurate, however past experience and pattern recognition of momentum and wealth preservation solutions come into play and are strict.

Example. Buy in now, all in. Start to sell a little as it goes up IF you are afraid of the loss. Now you have profit and some reserve to buy a dip. Be brave and sell the dip to buy back lower (or lose your shirt), sell half once a decent profit is reached so you feel safe, etc. There are many ways to not get rekt, stop losses, scaled orders of small profit, etc. etc. Opportunities like this are infrequent and this is not a group pump or parabolic 2 day climb/drop, I actually feel extremely safe both playing this markets swings AND hodling if I was new again.

*Sometimes 'timing the market, is time in the market. I'd rather have my money in and be prepared/insured to pull out on a stop loss vs being on the side lines watching lost profit if I was in.

EDIT: We are consolidating as I type this, there's your dip, I don't think we'll see this again until we pass $1, anything can happen from there but the news/PR/buzz/blogs/YouTubeVideosetc. are going to hype it like fuck from there imo like any milestone.

Thanks again for this nice input. I just entered and bought myself a first batch of POWR. I didnt go all in though. I will buy small batches every day to minimize the risk. I have a lot to learn on my way to become a good trader as it seems (but I already knew that before). Lets see how far we can go here, I'm very curious how this whole thing will develop.

EDIT: Just realized that if I waited 10 Minutes I would have some more POWR now, guess thats how it goes! Excited what its like tomorrow!

Happy for you. You're human, you WILL have fear/greed/whatifs/fackkkkkk/yayyyyyyyy rollercoasters from here. Learn to embrace them and never trade on emotion. Pretend you're a computer. Once it goes up and you're in profit set a stop loss when you go to sleep OR be ok with the swings and always remember TSE (Time Shifts Everything - zoom out on charts - don't be stuck on 1min candles look at others vs this one moment in time). *Also, there is only so much TA you can do, this eco-system is very news/spec/rumor/hype driven, so charting stuff often goes left due to random variable change along the oscillations...

EDIT: If it falls more, that's when you buy more as it goes down and oscillates back up so you DCA by the time it upswings again. I just grabbed more and am waiting kinda hoping it dips a bit more from here before liftoff.

EDIT 2: Really strong support at 105, doubt we're going lower, let's see how this reversal goes.

Wise words here, especially in regards to the cryptomarket I totally agree. I would say that this space is totally unpredictable, maybe daytrader can predict with TA to a certain degree, but also this can sometimes go south in this market.
About the stop-loss orders, I think I will hold for some time anyways and can live with the swings. One thing I am always wondering though: is there also an ordertype for buying at a certain price? For example if I want to go to sleep and but am scared that the price is going to moon overnight so I set an order to buy at a certain price level? Maybe its a really silly question, but as you have been so nice with me, maybe you can answer it. I made the mistake once (when trying this) to place a limit order at a way higher price than it was currently trading. As soon as I placed it, I ended up buying the coins for that price. Felt kinda dumb afterwards...

On Bittrex ORDER TYPE set it to CONDITIONAL - then click CONDITION and you have options there to buy/sell at or below/above whatever price

. Certain exchanges offer certain features others don't. HITBTC has one of the best order systems but their exchange is extremely fragile and small liquidity on most coins so it's overkill until they step their shit up. I WISH bittrex had the HITBTC features or even BITFINEX where you can hide orders, do stop limits, scaled orders on auto, not really sure why bittrex isn't focusing on this stuff but they're so huge I guess for them maintaining systems and userbase growth is paramount so I doubt we'll see a change any time soon.

EDIT: Also this is on a few other exchanges that are big, bittrex leads, Binance is at half. When this coin makes its way to other major exchanges (I think they will add it fast as they are losing on trading commission and this coin has proved itself safe re what exchanges look for), it's going to open you up to those exchanges markets and features. I would advise that you get comfy with at least 3 exchanges slowly so you can have a better birds eye view of the market. I tend to keep tabs/windows open for all exchanges I have positions in or coins in, sometimes one exchange leads by enough time that you have an advantage to make your trades on the secondary exchange as it follows tit for tat most times with a small delay... that and you can make better overall decisions should you ever get into hyper trading for max gains on the days swings.