Quote from: blueforever on June 05, 2014, 10:19:58 PM

I'm going to hold as well. The thing with technicals is maybe something changes and before it hits .01 or whatever it is, and technical trader start buying back in. Then suddenly we're sitting here waiting for the .01 that never comes because we have no idea. Then the tech trader comes back and says, oh ya, at .013 the dick-in-hand pattern emerged so I went all-in. Too bad all you suckers that were waiting for .01.

As a trader I don't sweat it.... did I make a decent profit when I sold? Yes? Good. Mission accomplished. So what if I sold a little early. If I have to buy back in later for more expensive, I'm more concerned about getting in at the right time to relatively safely increase my BTC , than I am worried about "losing" or reducing quantities of other coins due to having sold early as a safety precaution.

If I'm selling to buy back in, I make damn sure it's a real "high" that we will come down from, not just a temporary stopping level. Then I don't try and wait for the bottom. I buy back in fairly quickly when it's significantly cheaper than I sold it for. If I think there is a bottom somewhere, I'll buy back in a ways before it gets there. I'm satisfied with smaller, safer gains. This keeps me from being a sucker (as often). Basically greed will make one a sucker more often than not I've found.

I play the market with any coin I think I can profit from. But, I would never sell high to buy back low unless I had good reason to believe the coin may have long term promise and is not in a long term down trend, etc. For instance I would never try to accumulate LTC in such a fashion, but DRK, certainly. Ultimately my goal is to accumulate BTC though, not DRK... so I will always be selling at the highs and buying back in (whether higher or lower). That may change as this project matures, but so far I still have significant doubts, just due to the odds of success being small, even with great tech.

True I may do much better just buying and holding, it's possible, but I feel like it's more of a gamble for me to do that. I feel safe moving in and out of the market frequently and constantly re-evaluating my positions. I guess if you feel more confident in DRKs future, compared to BTCs, then it might feel more risky to lose DRKs by selling. I love DRK, but I must admit I'm much more confident and comfortable holding and accumulating BTC.