Quote from: nelson4lov on October 09, 2019, 07:56:01 AM

Quote from: yangongear on October 07, 2019, 03:02:43 PM

The problem is, not all of us here have ability to do that, I mean who can make a decision about when prices have decreased to sell, and when prices have stabilized and can be bought. I used to experience that feeling when I bought BTC at $ 2k8 in 2017 when it went up to $ 4k I sold when it was profitable, but it continued raising to $ 19k in December 2017.

You see, That's the problem. OP's strategy might be working but you should know that no strategy will work 100% of time. But I love his strategy. You just sell at a higher low and buy back and a lower low. Then small recovery and boom, You're in profits. But then, what if your predictions are wrong This time and it was a shakeout.

It's a reasonable worry, for sure. That is why its very important that you approach trading in a very structured manner. You need a strategy that has been thoroughly backtestested and forward tested, with a very good hit ratio. That minimizes risks of failed trades, which will happen once in a while, but if your hit ratio is good, the fails will produce insignificant loses compared to the wins you get. On the latest bitcoin drop (Sep 24th), I closed a trade with 26% profit in BTC. Sold BTC at around 10,300 on September 6th (when my strategy signaled the sale) on took profit on the 24th, when the price dipped to current 8k levels. By the way, my strategy is open-source, so anyone may use it You can find it here: https://github.com/Superalgos/Strategy-BTC-WeakHandsBuster