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.
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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)