If you look at the chart above, you might think that it is a text book case of a 'buy low, sell high' swing trade. A perfect example of a fictional trade.
The truth is that this chart is of an actual 30 day trade I made just yesterday. I timed it perfectly getting into the market and getting out of the market, so I had to brag-blog about it.
The Perfect Wave
The chart shows the entire trading history of #GoChain, an Ethereum clone, that has only been on the market since June 10th or thereabouts.
- The red arrow on the chart points to the exact points I got into #GoChain and when I got out. Those aren't approximations, they are exact trading points. Including that sweet peak.
- The green arrow on the right points out that I made bigger gains because I was trading in Ethereum than I would have if I bought it with FIAT. I put that in there because some of my friends who read this are noobs and aren't used to think in terms of bitcoin gains.
Yes, it was the perfect wave.
I got in at the absolute low and got out right on the actual peak just before it crashed / corrected. I sat there watching the market fall away just minutes after my sell off.
It was a surreal moment. Like in those doomsday movies where a giant hole opens up and swallows the city just when you get onto the helicopter and it takes off. It was epic to watch.
So why did I trade? For two reasons really.
Reason #1 - Gains in a Bear market
While I like #GoChain, I knew it was going to correct. The graph had gone parabolic ( unsustainably steep ) the day before, so decided to get out and buy back in later.
After all, why waste money and sit there watching a coin your HODLing fall in value? That's plain dumb. Especially when your gut tells you it will.
To be honest, I wanted to see if I could time the top.
Reason #2 - Lympo Shareholder Dividends
A month earlier, I did exactly the same thing ( though not timed as perfectly ) with my #TopPick for 2018, #Lympo. I sold it for 6x gains after 30 days as well. Just before it corrected.
As GoChain was peaking and Lympo was at the other end of the trading cycle ( I.e. in a big dip ), I traded out of GoChain to get a position in Lympo. Which is selling for peanuts at the moment.
The other big reason for buying back into Lympo is that they are offering a shareholder dividend at the moment, so I would get an airdrop of extra coins for my trouble.
The Bear Market
The reason I wrote this post is because there seems to be a lot of 'bear market blues' and crying going on in the crypto space at the moment. While telegram groups are either complaining about 'no moon' or deserted altogether, I find that all to be a waste of time.
Opportunities are there.
My GoChain and Lympo trades may not be moonshots, but I'll take 5x in a depressed market anyday.
Thanks for watching,
Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia
Www.Skyflowers.co ( see "botany" tab for the plant research )
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DISCLAIMER: This article and all information on this channel & all content is offered purely for educational & entertainment purposes. Always do your own research when investing money and seek the help of a registered financial advisor.
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Thanks for the post, skyflowers.
I hope you don't mind if I test out some sentiment analysis on your post. This is an experimental bot running on a small % of posts, and if reaction is positive I'll increase that ratio and add features.
Your post had an average negative sentiment of -0.036, an average positive sentiment of 0.1, and an average normalized sentiment of 0.06400000000000002
The most positive sentence in your post had a normalized positivity score of 0.615:
"Yes, it was the perfect wave."
The most negative sentence in your post had a normalized negativity score of -0.729:
"What a mistake!"