Originally Posted by
Ben-e-boy
These are genuine questions...
1. Why would you buy and hold in high volitility markets?. Buy and hold is for blue chip stocks.
I dont buy and hold volitility.
2. What are your buy strategies?
I have 5 separate indicators on my charts, and all 5 need to meet a certain criteria to buy. ( Thants just a technical strategy, relevant for this conversation /crypto)
3. What is your exit strategy?
A pre determined % lower than my buy price as an instant stop loss if if I truely mess up my analysis, then a trailing stop or trend reversal indication. These are lines in the sand too. If it hits the stop. Too bad so sad I'm out. You can always buy back in if you want.
4. Post some actual charts? I cant believe you guys don't do any form of technical analysis for currency trading.. that's mental.
Edit....
5. Do you feel anything when you see a dramatic drop in price?
yes. Depending on what it is. It is either crisis or opportunity
6. Are you prepared to come out with $0.
only on the speculative high risk high return trades as that is basically gambling and needs to be treated as such. Other "safer" trades, no. I'm not interested in $0
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