thats the difference.
i dont set a loss preventive.
I set my sell number, and walk away.
anything else, would be a loss.
(anything i say, im afraid will be taken like im....Mooning. lol)
but im confident it'll go to my sell number. (has every time)
I do the same with other coins, but not as high. (lower btc value overall)
looking at the exchange charts.
IE: i see where the wave hit. depending on the coin... i look at chart 6months back.(year if i can) whats the high/low. (also using the buy/sell numbers from before for myself ..as my memory sux)
if the high was 100 and the low was 60... my numbers are 90 and 66 (10% each way)
obviously, its rough. and each persons would be different.
if im more into the coin... i might push higher...
if its a more 'stable' coin. my numbers would be tighter.
but ALWAYS inside of the waves. (like a surfer! lol)
what kills you the most. Greed.
(and its subtle)
hm.. if i just wait a bit more, my numbers will be a bit higher....ill make a bit more...ill then bam. its dumping.
i've learned that lesson. i still have panic moments... thats when i walk away lol. omg i just bought at 990 and its dropping..... wait. its ok. its pennies...
my 'panic sell' at that point...is setting the sell at 1000 ish. 990 * .002 =991.98 (exchange fee. then withdrawal fee if you go that way) so i look at 1000 as even.
then walk away.
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background:
I started with MEC gifted to me. $5
got me hooked. lol.
i bought a Falcon (27mh/s scrypt) lost there. some gridseed pillboxes. 8 something on btc (plugged in first one, and it smoked...) still have the rest.
(my fault)
then..lets see...i think i built a computer rig with some Radeon 270's then 280's (vertcoin!) before they switched.
So, i was far under profit. lol.
started exchange more...and did alot better. (enough that i thought i would try again at mining: S5 antminer. i broke even on that one! i was amazed.
(i didnt expect to when i bought it)
Did mined Verge/gld and dnote with the falcon btw.
Did well enough that i bought 2 L3++, which are doing well. (already paid for, just in HEAT) lol. its frigging cold here.
I have them both 'listed' to rent. which is interesting.
(i'd share the link here, but that seems so.....cheesy)
pm me for that and i guess ill give it out that way.
as Verge rose, i sold off some here and there. mining more...and so on. (pity i sold a bit too much, when it was alot lower lol) but i still have a nice chunk.
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*edit I GO a bit wacked here. so I delete
How do you calculate the buy and the sell number? (If not secret)