Love the article Luc, have to say this is probably the hardest thing I find to implement. I have just 1 thing I'd like to clear up with you if thats okay .
You say :
Taking small profits, reloading on new lows, taking some quick profits again, reloading.. and so on.. and loving it.. All the while knowing that those bounces are getting to be higher and higher percentages the lower this coin works its way down.
https://www.coinigy.com/s/i/59f25779dff23/
In this graph I know that my first 2 buys were way too early and my 3rd buy I should have participated in the bounce like you explain here but my question is about 4th buy here. Should I be going in for bigger size with this since it is now 15% under original base? Should my buys 1 -4 be getting progressively bigger or should I only layer like this when there is a pure panic? Sorry if that is long winded, know you're super busy with everything so no worries or pressure to respond. Thanks man.
As the price goes lower, you will be able to get even more coins for the same amount of money. So I will always at the very least keep buying more with the same amount of capital.. But I always go bigger as I layer.. so if you bought 40s and paticipated in the bounce, maybe selling some 42s .. then I would likely buy 38s with the same amount you bought 40s earlier.. but if it continues lower without a bounce, then I get in bigger, and bigger layering.. Im not sure if that makes sense to you.. So my first buys are usually the same, but im always hoping that it will continue lower without a bounce.. I want a real panic.. so if I get the opportunity to get a second buy or a third, they get bigger and bigger.. but usually I only get the one buy and then a bounce, and I profit but am a little disappointed.
Thanks alot for the reply! Yes I think that makes sense. Will keep reading over it to remind myself thanks.
https://www.coinigy.com/s/i/59f459759e0b4/
In this example. I bought 100 DNT at 940. Now if this continues to drop, I have another buy order of 100 DNT at 775 & plan to participate in the bounce & get out. Since there isn't a pure panic, I buy the same amount of DNT as I did previously. Is that correct? Thanks a bunch Luc!
As I get it, this looks like martingaling... Isn't that dangerous in the long run?
Hey luc for small account building trades on the smaller volume coins, do you apply your same method? (Buy cracked base method)
Good q similar to mine. Also want to know if we should we continue with the original base and consider all under there a safe zone to buy(good distance under the crack) or after a bounce should we start again with the new base formed.