Though it is a good method to leave room for action on both sides. It just sucks to watch price go the "wrong" way and be unable to trade against it.
Topic: Avoiding newb mistake #1 (Read 939 times)
I generally agree, but never say never. One year ago (minus three days, to be exact), all-out was a very good position.
Though it is a good method to leave room for action on both sides. It just sucks to watch price go the "wrong" way and be unable to trade against it.
Though it is a good method to leave room for action on both sides. It just sucks to watch price go the "wrong" way and be unable to trade against it.
How is that a newbe mistake? Its just one strategy among others.
This has been mentioned before but the current rally makes it all the more important to put it out there. Don't ever sell ALL your coins! As a counter point I personally recommend keeping some fiat available at all times as well. Obviously there are times to make big moves like when I put half my remaining fiat on the exchange into coins at $5.80. Since then I've continued to buy and will continue to do so in accordance with my pre-determined dollar cost averaging plan. However you never want to be 100% all in or out.
Thoughts?
Thoughts?
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