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RE: Getting lucky - 777

in #investing7 years ago

This is the current process. Getting away isn't the problem but the same problems are there when I return so I have to make inroads at some point. What I have decided upon is to pick a few long term coins, and increase them a little at a time and step back.

The getting blotto is of course on the cards but having sex? I am married so that is not. :D

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Oh Bullshit, Just cause your married is no excuse, I've been defacto 20 years + and we get Blotto and Bonk like there is no tomorrow all the time.

Seriously though Mate, it seems like it is the constant trading pressure that is causing you grief and stressing you out, constantly risking while trying to get ahead and such.

Have you considered splitting your portfolio into a hodl and trading partition ? Something to play with that isn't all totally a win or lose and something solid in the background that you can just sit on and know is sort of safe with some solid Crypto's ? You know 50-50 or 25-75, something like that which lets you get exposure to the risk while having a backup as well.

It might be something that satiates your risk appetite while also satisfying your risk aversion as well. Take say 25 % off the top of your current gains and go hard with that, trading to your hearts content risking the lot but keeping the other 75% held down for six months at a time and then Rea-assessing the whole lot then.
I've made some great short term gains trading the daily and weekly swings myself with cryptos but found the best overall gains are to be made by buying and holding relatively long term in Alts that actually have a future. Doesn't stop me trading ETH or BTC for this and that and back again, but overall just sitting has been much more rewarding, well except for that 2K lisk trade and that 1K Pot trade and ........ Oh never mind.

This is the approach I have moved to and moving further to slowly.

I am very new to this whole blockchain crypto world so it was good to get in there and play, but now, I have finally learned how to use a desktop wallet so have put some aside.

I still have to figure out what would be good to hold long term but I have some eth and eos and will try to add some btc in time.

I am calmer about it already.