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?