You are viewing a single comment's thread from:
RE: TRADE TIPS from a man with his finger on the crypto-pulse
Thanks for share this info my friend! You and other users make great Steemit!
I hope yo have a beautiful day! Cheers!
Thanks for share this info my friend! You and other users make great Steemit!
I hope yo have a beautiful day! Cheers!
Nice... Sam ! :)
Thank you my friend for always being a great supporter :)
Thank you Tincho for being a very positive and friendly person. A great asset to my FB group and to Steemit. Hope you have a beautiful day too :)
haha its my pleaseure! Now I'm going to sleep, here are 12am. Good day for you, and good night for me! haha
Sleep well :)
Nice!. I'm a long time stock and option trader (amateur though). I have about 16 years of trading off and on. I've recently added cryptos to my arsenal. I traded Ether up last year until it rolled over. But I started back on it at $8 as that was a key bottom pattern. In and out of BTC too. Tonight I'm in Dash but will stop at $93...Always know you're stops or I promise you will be out of the game before too long. (that's my tip from experience).
Thanks for the tip! Still lost on the majority of trading terminology, (only been at it for about 6 months, but the desire has been in my heart for years) my presumption is that you're stating to always know when to trade out?
Yes. Every trade must have a stop where your thesis is wrong and a target where you take profit. And, that profit should be 2x or more your stop. And, IMO no trade should be more than 3% of your account at risk (entry to stop). Following these rules will keep you from going broke. Every trader has a series of bad trades. Keep the losses small.
Many thanks for all your wisdom here. I really appreciate you taking the time to share what you have learned. And yes you are so very right of course. Though I have not been good at sticking to the no more than 3% rule however!
Apparently I entered at a time when Ethereum & Dash were growing uncharacteristically fast, so basically got lucky with my main investments and put the rewards back out into the field when they stopped growing.
Only time will tell how I did with my choices :)
Good picks and I concur.. " So if the current price is lower than my buy price, I hold." That's the best thing you said Sammy. All love :)
Thanks bro. Love a good simple system. I'll let you know in a year if it works :)