RE: RE: Adventure in trading // 19k hive Power Up!
You are viewing a single comment's thread from:

RE: Adventure in trading // 19k hive Power Up!

Words
152
Reading
1 min
Listen
Play
1M

It's quite difficult for me to describe my strategy because I think a big part of it is based on intuition and experience.
I've been in the market for around 10 years now, so I feel like I've developed a pretty good sense of how the market behaves.
I try to be patient and wait for the right moment. I usually buy only when the market is falling — basically, I buy the dip.
I divide my position into four entries. If my first entry turns out to be too early and the price keeps dropping, I add to the position with my second entry, lowering my average entry price. I can repeat this up to four times.
In the worst-case scenario, I simply wait. I don't use a stop-loss, so liquidation is basically the final limit of the position.
Most of the time, I trade privacy coins, mainly Monero and Zcash.

@rozioo: It's quite difficult | Ecency