Came here through another YouTube user I follow . . Marc De Mesel. Fantastic job of explaining simple concepts for newer traders. Keep posting here on Steemit. You will get more recognition based on the quality and content of your posts.
I am at about 12% loss and only have LTC and ETH, so it seems, time to sell and cut my losses now? And perhaps wait for market to drop, as you have been expecting and buy then to try to break even? Thanks in advance
It's got an easy place to put a stop so losses should be small. I bought in the 20s and 30s usd price and sure I'd get out at 55 if I knew the exact endpoints and have re bought lower but it's still going up.
Uptrending is hard to define. It depends where you start the chart. Over the last month it's downtrending, over the last week it's uptrending, over the last 6 months it's uptrending. Over the last 3 months it's in a sideways channel, and recently bounced off of support.
Very valuable as always. I have a few questions where I'd love to get your insights:
What view do you usually use to define uptrend (daily, hourly, 30 min etc)?
If setting say 3% down as stop loss, I find that even as the trend moves nicely up, there's often a random trade that closes 3% down, which ejects me, even though it is actually moving up to my say 10% up target. How do you manage that?
What do you usually use as sale trigger, 3% down / 10% up? Or do you set it case by case?
Thank you!!!
Came here through another YouTube user I follow . . Marc De Mesel. Fantastic job of explaining simple concepts for newer traders. Keep posting here on Steemit. You will get more recognition based on the quality and content of your posts.
So true. I just lost my week of profits betting on downtrend. I'm so angry at myself...thank you for this reminder.
Basics. Great video!
So, this just looks simple.
I am at about 12% loss and only have LTC and ETH, so it seems, time to sell and cut my losses now? And perhaps wait for market to drop, as you have been expecting and buy then to try to break even? Thanks in advance
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STOPI am very bullish on litecoin right now. https://steemit.com/litecoin/@tornadojoe/epic-buy-signal-on-a-soon-to-be-hot-crypto
It's got an easy place to put a stop so losses should be small. I bought in the 20s and 30s usd price and sure I'd get out at 55 if I knew the exact endpoints and have re bought lower but it's still going up.
Uptrending is hard to define. It depends where you start the chart. Over the last month it's downtrending, over the last week it's uptrending, over the last 6 months it's uptrending. Over the last 3 months it's in a sideways channel, and recently bounced off of support.
Very valuable as always. I have a few questions where I'd love to get your insights:
Thank you!!!