Hi Luc! Thanks for all that you share. I have a question again.
Cryptocurrency: AMP
Bought at: 0.00012 @ 07/07 with intention to sell at 0.000145
However, AMP dropped again and I didn't buy. Now that the new base is 0.00010, do i need to sell there and take a loss, or can I be confident it will reach back up to the first base but take some time? See coinigy pic below.
Thanks again Luck
AMP got killed on this dive.. wow.. ok so you see the geen arrows are my buys.. and i havnt sold anything yet... except that first quick trade at the top.. Now the x x x s are gaps in the chart where the price didnt return to its base.. thats very rare, but it signifies a huge bounce coming.. thats why i didnt sell and kept buying.. but I am not in big, and this drop is due to the market as a whole droping, so im not too worried.. I wish i could give you more info, but i cant predict the future, i can only tell you what im doing,.. if you are feeling nervous, then you can sell at break even or for a small loss when you see a bounce, and just make it up on the next trade..
Thanks again Luc! You inspire confidence
Shit! I just checked AMP today and saw that it didn't go according to plan :/
What did u do with the position? Did you get out with a loss or you are still stuck with them?
And my question is, do you think trading the big coins this kind of situation is less likely to happen? I mean if at the beggining I stick to the big market caps coins, and stay with your system, I have even less risk for something like AMP to happen, right?
Forgive for my ignorance if it sounds stupid to you.
Oh, I traded out of AMP a long time ago.. There was only one spot that it surprised me with less of a bounce than expected.. But every panic drop since has been great trading.. Anyway it has been a while since I traded it, but I will likely trade it again ..
And does your system work better the bigger the coin and community behind is?