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RE: you're gonna follow me how?

in #funny7 years ago

Completely agree with that.

There's one main problem I find though (and it's a pretty big one) - the markets are open 24/7 every day of the year! Moves typically last longer than a day...maybe weeks or months even, and if you buy/sell every day, fees and slippage would eat your profits. Still trying to figure out a solution....intend to write a bot, but haven't do so yet! Maybe I will just retire from it... or, and I'm thinking if we get a downturn lasting several months (or even years), I would be happy in some ways, as I could take a break, even if my portolio drops a lot in value! :/

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very true. totally forgot about the 24/7 for crypto. ugh. that's really stressful, I'm sure. Probably feels like you ALWAYS have to be looking at it vs at least as a day trader with regular stocks you can cut it off at 8 (well, it's 8 for market close for me, eastern time zone).

Yup.. Also, I find it's worse when you're in crypto but looking to sell at a top, because there are just too many panicky spikes down which make placing stop sell orders a bad idea, I find! Slightly better if you waiting for a break upwards, as stop-buy orders are less prone to this problem. Haven't been using either recently though... I've been going by things like Sunday midday UCT you can expect a sell off, whereas Saturday used to be the one day that could be relied on for upward and not downward movement.. haha :D

yeah, it's ridiculously volatile.

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