Topic: Profits for this cycle - have you taken them yet? (Read 2800 times)

thefunkybits

legendary

Activity: 1218

Merit: 1000

Quote from: damnek on March 22, 2014, 11:38:37 AM

From the past I've learned that at this point it's wise to lock in gains before it's too late and you end up chasing the rally.

This is exactly what im doing. I used to get mad if i didnt catch the absolute bottom but im learning to take profits and be happy with them. Especially this late in the capitulation, its just not worth it to possibly reap more profits

damnek

hero member

Activity: 614

Merit: 500

Curious what the other traders here are doing. Today I bought back the rest of the bitcoins I was short, and looking to buy more with the proceeds if further capitulation occurs. Not to brag, but I've more than doubled the number of bitcoins in my account if I were to go all in now. From the past I've learned that at this point it's wise to lock in gains before it's too late and you end up chasing the rally.

Bitcoin Forum>Economy>Economics>Speculation

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