I was telling the relative about bitcoin and the placement of my various sell orders that were being filled, and I remember saying the location of an order because it was in my head, and then I would tell the relative that the order had filled, and said that I could relax because the next order was not until ______. The orders kept getting filled, which was quite surprising to me, but I was not in a place where I could reset the buy orders .. and I kept thinking that it was NOT really a BIG deal because the BTC price kept going in one direction, but I also knew that the backwards reaction could end up being violent, at some time too... so I was kind of keeping in my head where the buy orders would be set in the event that I were to be able to set them.
You are aware that places like Kraken have advanced orders? For example when your sell order is hit, you can automatically have a limit buy order placed.
I have seen that function/feature on an exchange or two, so I do know about the possibility to set orders up like that, but I am really disinclined to employ such mechanism because of the way that I do it that sometimes will also involve some tweaking and reconsidering here or there, and currently, with my current approach, I am NOT really too worried about catching small swings anyhow.
I recall one time I was locked out of an exchange for a long time (maybe a couple of months), and nearly all of my buy orders and sell orders had executed.. like 30% up and 30% down from the place when I got locked out.. Fucking crazy, but I ended up making out pretty good on that because when I regained access to my account the BTC price was still largely in the middle of the range and in the place in which I had started out when I got locked out of my account.
That lock out experience kind of taught me that it does not really matter very much if I reset my orders or not or just take a break from trading while the BTC price goes running all over the place during my lack of interaction.
[...]I am back to where I was 3 years ago both mentally and financially when I started DCA'ing BTC .[...]
Applying some TA, extrapolating into the future, you will be just in time for the next cycle ATH.
Wow. That is kind of a scary thought to read that sentence from mindrust again in isolation and to consider spending 3 years in BTC and for him to have had concluded that he had learned that he had not gotten anything meaningful from the whole experience or bettered his financial or mental position in some kind of meaningful way.