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RE: ByteCoin (BCN/USD) Target $0.0065 (441% Profit Potential); BCN/BTC Target 0.00000265 BTC (15.46X Profit Potential)
Any updates on ETH? I'm considering taking my profits as I went in on X5 leverage 2 days ago. Do you see more upward potential?
Thanks in advance :-)
Be sensible, take your leveraged profits, humbly and gratefully, and move to a holding position. ETH about to pop, like everything else. You know what happens to the pigs.
Thanks for your advice. Since I'm at my computer and since the price is consolidating I'm thinking of following the stop-loss route. I got in at $331. I'll be selling if it hit $342. If prices go nowhere before I sleep, I'll just close and get in Dash which is a coin I can't shut up about.
I think we are going to be at $400 or right around there in a hurry. That is excellent advice though @solisrex. You've made money on the leverage, and yes you can catch some more. But remember the practice profit taking in a way in which you will always be happy with your choices. You can do as he said, take your profits from the bigger gamble of leverage, and move into a traditional hold position to cash our the big gamble, and continue to profit with the extended upswing that's coming. I would hold leveraged positions at this point ONLY if I were going to watch it all the way up, and not go to bed, or take off for 4 hours somewhere. Just my opinion of course!
$400 does seem very likely. Gladly I took the stop-loss route and not only held but added to my position. Guess I'll be getting off the rocket around $390.
I don't know if the 1Day scale Triangle pattern will get triggered. If that happens I'll be so glad. For the time being I'm waiting for $390-ish level.
My #5 trade nugget is that leverage/margin is a sure fire way to bring an account to zero or negative where you owe the broker money. Here is the link on my nuggets:
https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences
Yes I agree with you. Margin is like playing with fire ... especially in the high volatile Cryptomarkets