Post
Topic
Board Altcoin Discussion
Re: [FRK] Franko Investment?
by
webr3
on 17/07/2013, 17:03:13 UTC
Read your own words:

I've tried loads of alts recently, I've been burned, dumped on, etc


But fine, maybe FRK will do another 1000% in next 3 days.

I've not been burned with every coin, and FRK is one of the few I've not been dumped on.

So far in the last week or two:
CAP: acquired, didn't get dumped on
FRK: didn't get dumped on, can hardly even acquire
IFC: Major dumped on
ELC: Major dumped on
PXC: dumped on more than i could buy
MEM: dumped on but not too bad
FLO: dumped on but not too bad
GLD: dumped on massively
RYC: dumped on massively
NRB: dumped on, managed to dump it back, about to be dumped again it looks like.

You managed to take losses on 9 different coins? You may need to revise your trading strategy. Buy low before the pumps, not once they are pumping as there is usually a follow up correction (hint franko is now pumped and not low). And how the hell did you lose money in PXC which is pretty much always in a gradual uptrend? Did you panic buy one of the spikes?

I tend to acquire 1-5% of economies over 24-48 hours, on and off market, the way i figure it is if I can take a huge proportion, and raise the price a bit, and it keeps coming, then people are dumping on me.

I didn't say I took a loss on them all, up a little on some, managed to break even on some, loss on others, up over all - primarily thanks to FRK and CAP. I did make a couple of really stupid moves though, like checking if RYC or ELC were even active!

Still though, up overall, and over the last couple of years I can't complain 6 figures of profit easily.