Where will this end guys.
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The end of one trend is the beginning of another. Be prepared with your plan (and backup plan B).
That's what I am trying todo right now.
I cant get my shit straight after all those ups and downs the last few weeks. The first 3 trades went great, but not im less confident about stepping in at this price.
I'm not the luckiest guy around, so I have to take my time and try to learn not to get burned too badly. I use stop loss points to prevent serious hurts, others do not.
The thing is, if you listen to the chatter here it will make matters worse instead of better. It took me about four months of lurking to identify who I thought were the real bulls and bears. Then it has taken me another 3 or 4 to identify those who intentionally spout dis-information, mis-information, and then there are the out-liars to contend with.
If you are new to any type of trading, just take baby steps and make a plan that you can stick to. Perhaps it would be best not to put all of your fiat on an exchange right away.
Regardless of the dogma spouted here about 'buy and hold', you can't increase your holdings without risk. Buy and hold is good if you don't care about an increase. Trading may let you increase your holdings without putting more fiat at risk.
On the other hand, what the hell to I know. I'm just a troll with an internet connection.
True, true and true.
I'm new on these forums, and it's pretty obvious who knows his shit, and who does not.
But being in the forex trading for nearly 4 years made confident enough of buys, placing sl and tp's. This BTC thing is just completely new for me, and others. If you actually hodl BTC's you just wait it out. Let the storm pass, it's gone through a stress test twice this month. It's obvious that it stabalizes after a week orso. The question ofcourse is, will this happen in the future, and where exactly will it stop. For all I know it could go up to a staggering $1800,- and do a YOLO 2 days later going down to $800 again.
at 2 pm it's at 699,- at 10 pm it's nearly hitting $800. Just mind blowing to me, still.
