I am normally laddered into the market and have done this quite successfully over the years, but I am still setting buybacks too low, looking for a bit of extra gain. For instance on Hive, I moved my buys down, as I thought it would dip further. If I hadn't, I would have reclaimed about 100% of my sells at a 305 discount and then had a chance to sell another 60% up again. Instead, I bought nothing, so sold nothing. It is a double sting, and will compound.
On HIVE, the accumulation zone is clearly visible from 2022 to 2024.
I have been accumulating :)
Such a short phrase speaks volumes about the person who wrote it. 😊
On the other hand, you now realize that you didn’t buy at lower prices. But if the price had dropped and you hadn’t placed buy orders there, you would regret it even more while sitting in a drawdown on your deposit since you would have bought at higher prices.
Your approach is quite reasonable and rational, and there’s no need to regret trying to buy lower. The market cannot be predicted... If BTC crashes by 40% tomorrow, HIVE will return to the $0.2 zone, and you’ll have the chance to buy more. Meanwhile, those chasing FOMO and neglecting risk management will be stuck in a drawdown, selling at minimum prices while trying to buy back even lower.