1/30/2018 The Market View and Trading Outlook (actual info)

naegling11 (60) 6 years ago

I concur, just got to ride it out, oh well.

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pawsdog (55) 6 years ago

Part of the game is to sit on the sidelines sometimes and wait.. I typically prefer to buy into an uptrend as opposed to being a salmon swimming against the stream getting picked off by hungry bears..

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naegling11 (60) 6 years ago

Nice analogy. It seems like lately there has also been a correlation between down days in the market affecting cryptos but who knows, the markets are something you have way more knowledge than myself about.

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pawsdog (55) 6 years ago

I've been at it since the late 90's.. but I paid my tuition "losses" with traditional stocks in my 20's.. before I decided to dedicate myself to "learning" as opposed to trying to gamble.. I make a living at it now.. Some days are good, some are bad.. but the most important thing is defense, defense.. always protect the capital... take when you can.. sit out when you can't..

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shadow3scalpel (61) 6 years ago

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bethwheatcraft (68) 6 years ago

This all still just looks like squiggly lines and bears and bulls are still just animals to me, but I am sure if I stick with it long enough I will understand it!

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pawsdog (55) 6 years ago

It is a language in and of itself that is for sure... lol

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tombort (50) 6 years ago

Friends are for help each other! So stick with us and don't feel a barrier to ask any question about trading. We are here to help you out!

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ervinneb (61) 6 years ago

If the 10,300 holds again - I will be kind of shocked ! I expect a very solid overnight move towards 8000. Another scenario is a higher low at 10,800 before we dive

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pawsdog (55) 6 years ago (edited)

I could see the second scenario for sure.. 10,800 (previous support) is going to be a lot of resistance now...Hope may take us there, but I'm not thinking past it.. I'm gonna hold with my stops at $10,400 from the 9900 buy and walk away there...market is to uncertain... Nothing out there worth HODLING at the moment.. NBT is fixed at a $1 so it works well in a storm.

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ervinneb (61) 6 years ago

Good trade ! I have a question, when you jump in at 9900 long, where are your stops ? 9400 ?

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pawsdog (55) 6 years ago (edited)

I usually always go 5% (bullish), closer if I'm not sure or bearish.. On that trade I was at 9625 about 2.75%... Why lose more in a bear.. but have to take chances here and there, but keep the mindset you may lose..

Stopped out.. at 10,400... oh well..

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ervinneb (61) 6 years ago

Prepare for the worse and expect the best, right :)

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pawsdog (55) 6 years ago

I tend to expect the worst.. lol..

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ervinneb (61) 6 years ago

I am preparing for the worst and expecting the best :) The worst in crypto is someone to steal your money. When i hit 1000 followers I will reveal the reason I end up on Steemit, lol

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