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RE: STEEM Technical Analysis Shows Very Oversold Condition
That's why you have to ladder in, even with BTFD. Because we do not know how deep it is going to be.
But I'm more interested in what is going to happened to alts if BTC goes down.
Even with laddering, with something characterized as "imminent" and "dead ahead", I would have probably added in about every 4 days or so, which would still have left me 397.79 of my initial 1000.
That is something that should be improved imminently. 👊
Never ever buy into failure or 'ladder in' a falling stock. That's why 90% of traders lose all their money, doing exactly the opposite to what professionals do.
But isn't this guy a professional?
I'm sure I'm not in a position to comment, lowly minnow that I am :-)