Scarlet thanks for your reply regarding XRP on the other thread, I decided to sell and break even. Holding it was getting too uncomfortable for me.
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Scarlet thanks for your reply regarding XRP on the other thread, I decided to sell and break even. Holding it was getting too uncomfortable for me.
Hey, the way I see it, we are here to make money....and it doesn't help to not help. The more everyone understands about the way markets work, the more everyone wins. haejin has been an indispensable resource for me when it comes to recognizing that the EW patterns seem to be very solid with Crypto markets. So I got to studying up more on that. You can learn quickly, but remember, the strongest lessons are usually taught by the strongest failures. The information on the web is so diluted that it is a rare treasure to find people who not only know what they're talking about, but also want to help others. That's haejin. And you know as far as profiting more and losing less, for me it just really takes time watching and learning. EW theory has beaten any other I've used in this market, credit to haejin. I watch many indicators, but mostly because I do attempt to find the very peaks and valleys sometimes. It's risky, and I would recommend always laddering in and out of positions like you see demonstrated on this blog. The peace of mind is priceless. What can I say, I'm a gambler! Really though, I usually ladder everything, sometimes I just see the indicators screaming to hang on a little longer, and I don't mind tempting fate while I'm watching live and can bail on it in the blink of an eye. If I'm away, no way am I gonna try and guess a number and a specific time, that's damn near impossible.
Here's an example of what I'm looking at, and how I'm attempting to determine the right time to go in on something like STEEM that has been forming the cup and handle for a year now....
(1HR)
(1D)
I know, it's a lot.
Thanks again! Yes my first 3 crypto trades were all massive failures, but I know it was completely due to the mindset I had going into them.
The next 2 were mildly successful thanks to haejin's help, they would have been great successes if I knew when to hop off the wave rather than ride it almost all the way back down (like with XRP).
Anyway I do feel like I am slowing getting the hang of things!
Well said! Nice!