An Effective Buying & Selling Strategy: Laddering; A Tutorial on How to Cast a Ladder
SUMMARY
Here is a very detailed tutorial on how to ladder in your buys and sells. It is an effective de-risking technique that can help eliminate buyer's and seller's remorse. How often have you bought all coins in a single transaction and almost always see the price creep below your buy level? As price goes lower and deeper, the emotional and pyschological pain causes the well known buy high sell low syndrome. This laddering technique can help avoid such horrible situations.
The below chart is a completed ladder buy entry for STEEM. The video explains the didactic details. In summary, the ladder consists of 10 buy rungs. Each rung has a dedicated amount of coins to buy. This type of scaling in of buys allows one to be emotionally calm, serene and disciplined. I strongly recommend you watch the video to its entirety.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
the first time you told me to ladder in i bought all at ones, i later understood what you meant. i think you should add this to the footer of every post you make. Thanks
The ladder tutorial link is at end of every post. Thanks for suggestion!
What if someone ladders into a coin or stock, and it just continues to crash. I get the benefits of laddering, but the risk of buying something that is in correction and free falling is that in some cases, it never recovers.
Using patterns and EW, and Cycles I identify the most probable phase that would be the terminal end of a correction.
I also ladder my ladders. This way even if the first ladder was wrong, you have funds to cast another ladder.
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Ladder is power!
This is fantastic! I always hear you mentioning to "ladder in" and "ladder out". This is exactly what I needed to see. Thank you so much for this information. You are a true asset.
HitBTC market just opened a new order type that they call "Scaled" ordering. Essentially, it is an automated laddering system with parameters that you can adjust, set, and forget. Very Useful addition on a trading platform.
Read about it here:
https://blog.hitbtc.com/introducing-scaled-orders-on-hitbtc/
Thank you haejin for sharing your wealth of knowledge! In a short time I have already learned so much from you that I can apply to my knowledge and research of crypto. I look forward to reading/watching your other posts. I came to you linked from another investor column, now I am also a big fan of Steem and Steemit. Can't wait to see where it goes.
Great instruction and approach to dealing with the volatility and sometimes remorse with large positions. Nicely done and explained!
It’s awesome! Thank you for your very helpful information.
This is amazing stuff. Thanks for sharing. Do all ladders have the same weight in terms of number of coins?