ladder style
I won't be able to mention ladders (in the JJG/Jbreher sense) without secretly or openly laughing at the memory of Globb0's words - brainwashed ladder drone. Which reminds me, I really owe an sMerit there, and now I have one, so I'll comply.
I don't recall the significance of such a comment. Maybe I missed it?
Here it is. Oops, I'm laughing again.
By the way, I checked in with my mom in regards to some of her BTC details a few days ago, and I was surprised in a few regards.
She is actually one of the few peeps who actually did something that is in the neighborhood of what I suggested, and that was to at least put some money into BTC and to dollar cost average and to only sell small amounts on the way up in order to be prepared for further possible UP.
So, she largely has been following my suggestions, but her revelations to me a few days ago, showed me that peeps are going to do what they are going to do, and peeps got their own minds and they are going to experiment to some degree.
-snip-
You brainwashed your mum!
Fuck. She will be rich but she can never enjoy it now she is a ladder drone.
Ok... I guess I did see that one, and it seems that I was not as struck by it's humor, as you. Go figure.
For a bit of a factual clarification
(and I hope that I don't ruin any significance of the joke for you), in essence, even though I got my mom to invest into BTC, and she takes some of my suggestions, she really has been employing variations of my methodology that gravitates a whole hell of a lot more towards HODLing.. and playing around with a few shit coins, here and there, in order to "entertain" herself.
So, I really don't consider her to be following my lead very much beyond the initial choice to get into bitcoin and then to hold through a few of the downward bad periods.... which may have even caused her to be way more profitable in terms of percentage that she profited from what she had put in.
In the end, whatever she is doing is working for her, and from time to time, she does ask me some questions and seems to account for what I am suggesting to be good strategies....
Oh, with regard to laddering specifically in a way that I employ it, I think that she tried some variation of such laddering in 2015 (and maybe even extending into 2016), and sometime in 2016, she told me that she was abandoning a laddering kind of an approach because it was not working for her.
I never really sold any btc, except for the occasional, insignificant, small expense. I've always replaced the spent corn asap, and often at a lower price too
Which means I'm basically still in DCA accumulation phase, albeit with irregular frequency, when there is excess fiat that begs promotion to 'real money' status (btc).
I think that it is good to kind of know where you are at, and it also seems that at a certain point, more emotion gets taken out of the feeling of a need to have to accumulate more BTC, like when you largely feel that you have enough... though you likely won't complain if you are able to accumulate more, but you are not really so anxious about a kind of feeling that you need to accumulate more in order to feel comfortable with your overall balancing.
Your ladder concept, however, works very well for me in trading atm. I just extended the concept so I have 2 parallel ladders, one going up (long) and one going down (short). I do tweak a lot, especially to get out of trouble during stormy weather, so I often cut both ladders when I'm in the green and I feel the exposition is making me sweat too much.
I get the sense that you have a decent grasp of what you are doing to prepare for either price direction, so I am glad that you attempt to share some of these concepts, and there are likely some folks who would prefer to employ some variation of an approach that is closer to yours than to mine.. because I am just a bit reluctant, if not hostile to employing shorts, whereby you seem to have found decently prudent ways to make them work to hedge your BTC price direction bets.
Now is such a time. I would be happy to be left with only the long open, but I would like a much lower entry point, so I'm still dancing on two ladders until the corn either makes my long side shine (I'll happily close both ladders, possibly after enlarging the short to match the long) or takes a small nosedive (I'll cash out the short and increase the long a bit, averaging down).
Yep... exactly... she could go in either direction and has been teasing quite a bit in recent days regarding which way she is going to go...
In that regard, from about early December to late March, we seemed to have had experienced a decent amount of boredom, with price swings staying within a pretty small range, but in recent weeks, our BTC price swings have been quite stupendous and interesting and surely good for traders to have opportunities that come more forcefully through periods of decently high levels of volatility. Surely our BTC volatility could settle down in the coming months, but there is no real way to figure out whether it will settle down and/or for how long, if it were to.