An Effective Buying & Selling Strategy: Laddering; A Tutorial on How to Cast a Ladder
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.
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
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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.**