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RE: Daytrading keeps me sane, while I wait for those Big Trades

in #trading7 years ago (edited)

Again @quickfingersluck great video! To the point and excatly what people need. I am one of those guys who got impatient and dived a little too deep a little too soon, the alts just continued to go down, I should have waited and gotten much better positions.

I understand that now, but I will not panick and sell I will wait for them to bounce back. I have started my crypto journey with $450 and went down to $280 because of all horrible decisions/scam coins/bad trades that were influence by me being a noob and believing horrible youtubers and their coin pumps. Your youtube challenge was like a God sent gift.

I managed to get to $1300 by day trading and learning to take good positions in just two weeks. Now I dropped to ~$1000 because I bought too soon and have been impatient(I also could have made much more, but I didnt hold enough, but I believe I took profit where I should have). I might have been lucky, but I learnt a lot along the way and I still managed to 4x my capital after all the newbie shenanigans of trying to guess the next hype coin. Now I know I need to be much more patient and understand that winning just a few % instead of 20% is much more important than having a chance to lose. Safe trades all day!

Again can't thank you enough @quickfingersluc !

At the end I would like to share my bases with Luc and the community.

strat_big_dip.png

I have looked at the START chart. The first thick yellow base was cracked at around july8th and didn't bounce back for quite a while, and along the way smaller bases were built,cracked and recovered and in the end the price bounced back to the thick yellow base.

Now we have the same situation where the second yellow base is cracked all the price has not bounced back to it yet.

Is this a good position to take and wait for the price to go up to the base? From history it seems it might take a week or two? But the % is huge. What do you guys think?