Markets in the Red Today - Some Thoughts and Tips about Crypto Hodling/Trading!
Hey guys! I haven't really posted in a while so here's a post a short one for you all!
As the titles suggests, markets are in the red today... apart from Steem! We're still a bit in the green in 24h after a massive spike (now an equally large dip). By the time I've finished writing this, we're in the red :(
Is this a bear trap or has it all just been a bull trap???
I honestly think that this is just a small cooling off period before more bullishness in the market! In fact, I'll be buying 3 more ETH when it breaks $600 and 5 more if it breaks $500 to probably buy more COSS!
However, don't forget to take profits
This was my mistake. I felt on top of the world when my portfolio went x100 in less than 6 months but I only withdrew about 3 times my initial investment... before things started going to shit. Since then I've withdrawn around 10 times my initial investment altogether, which is not bad but could of been a lot better if I wasn't so greedy.
I recommend taking out your capital asap and withdrawing a bit every time you go up a bit, like withdraw 1-2% of total every time you go up 50% from last target or something, set objective targets or else you're never gonna take profits and you'll get burnt like I did...
A take profit schedule is a great idea to actually realise the profits you made. Gr8 post m8, good to c you're bullish on COSS
Thanks! Hopefully with the help of your bot we can get some more from our FSA :)
It would be nice to hold on and wait until it goes back up to the top and then straight on up from there; and then sell, and then take out half and wait until the bottom comes again, if it ever will now, and then buy back in and do it all over again. I have to buy in small amounts each month, and do a bit of trading when I feel confident...
Yeah, that's the dream! Sadly, we don't really know when the top or bottom is since we're not time travellers haha, but by selling and buying bits at a time, we can always try to profit :)
It may have stabilised right now and so if it has then I'm going to buy in. I just want to make sure it doesn't go down any more. I have the feeling it is going to go up huge, some time today...
I have same feeling, I'm probably gonna buy a little bit soon (like in a few mins) then and if it does keep dropping, I'll have more money to buy more!
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Nice post @cryptoeater
Thank's for sharing
Greeting from Indonesian ☺️
Thanks!
Greetings from Australia!!!!