Wow, today was a bloodbath for many altcoins. The same thing happens everytime BTC makes a quick rally. Some of my larger investment coins of mine got hit hard. ETC was amoung the worst along with XEM.
Whats important is to keep calm and whatever you do DONT PANIC SELL!. It is easy to get caught in this frame of mind, but stay strong don't give in. These will always correct and come back strong.
I decided to take advantage (because red candles mean SALE in my book) and bought some more ETC and some RDD. I have a very strong position I think now with ETC so any future movements should really help increase my portfolio worth.
I have been looking very hard at the USDT/BTC pair but don't feel confident enough yet.
I also just joined The Rational Invester to help fast track my learning on trading. Unfortunately, the school is full at the moment so I only took the silver membership but that's good enough for me to learn at a nice pace for now. When spots are available again for the school I will at least have a little more knowledge going into it.
Good News
Yesterday I posted my sell orders which were BAY/AMP/ETC/PIVX. So the good news is BAY and AMP both hit.
[BAY]
[AMP]
Purchased Today
[ETC]
Whenever I see big red candles it is like a sale day to me and I try to take advantage where I can. ETC is one I firmly believe will do well in the future. I decided to buy another 50.
[RDD]
I purchased some Reddcoin a while ago after really liking the project and thought it had a great future. I will admit I sold though to take a very nice profit. Today it was too tempting at the low price so I bought another 0.2 worth.
Bloody but Won the Fight
Today with all the alts or most taking a dump, lol, My portfolio got as low as 6.09 btc, but with the 2 sell orders executing for BAY and AMP coupled with the 2 buys I made of ETC and RDD, I ended up circling back to the previous days total of 6.25 btc. Considering nearly all alts are a negative % for the last 24 hours I think that's good going and I am confident this will swing into a good rise tomorrow.
click for larger image
Tomorrow is another day :)
HAPPY HUNTING!