Great plan ...lock in your loss
And then miss the movement ....you have now created an extremely high risk strategy ...if the market zigs instead of your hoped for zag you will cop it ..
I have tried this in the past and have eaten crow on occasion
The market is a harsh mistress and loves smashing "SMART" people into the ground.....lolz
Good luck with that
And then miss the movement ....you have now created an extremely high risk strategy ...if the market zigs instead of your hoped for zag you will cop it ..
I have tried this in the past and have eaten crow on occasion
The market is a harsh mistress and loves smashing "SMART" people into the ground.....lolz
Good luck with that
I'll assume you're speaking towards me. Not sure if you're insinuating I'm "SMART"? I never said I was smart, quite the contrary, I'm probably pretty dumb when it comes to investing/trading. And yes, what I did appears risky, but it doesn't seem that risky to me. You may have also missed the point where I plan to buy back in if it goes back up instead of down.
Believe me, it's a much better feeling to be defeated by the market for 10BTC then beeing scammed by some shitbag here for the same amount. So just take it easy and don't gamble too much.
I'll keep this mind, thanks. After the market moves (either to ~$500 or ~$300) I think I will be done for a while. The last few months have been fun and interesting, but very time consuming and even stressful at times.
I meant what i said ...Einstien may have been a terrible trader ...its more about control and paitience than anything else
I think your strategy is high risk and it would have been better to sit on your coinz ..now you are sitting and waiting with your heart pounding in your temple ...to be honest there is no right or wrong and only HIGH-MED-LOW risk strategys (BTW crypto @ this satge of its development is never low risk )
To your credit you took the loss..good luck with what ever eventuates