Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
it seems that I am making way more money with $850 to $1,000 increments than I was making with smaller increments,
I would suggest that your touchy-feely analysis is just plain wrong.
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you seem to be pointing out that you have been taking some breaks from trading
Yes. The 'breaks' are motivated not by time matters, but rather that in a bull market any such trading will tend to make you fiat-rich and crypto-poor. Accordingly, I trade only when I want fiat. Of course, this last two weeks being a rather large episode, I need to plan a way to gracefully wind it down.
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when my increments are larger, I seem to end up leaving less money on the table when the price out runs me
You've not seen much of my sell side. Price does not outrun me.
O.k. Fair enough with your touchy feely response.
I do understand that taking a break could pay off, when the price seems rather bullish, but certainly it seems that if you are taking a break you are going from one extreme to another, and perhaps we are using the different words to describe a similar strategy, because to you taking a break may be that you spread your sell orders out to $1k or something like that and you do no set any of your buy orders until you are clear that there is an actual dip... which may almost result in a very similar outcome as mine.
