Hi Luc,
First of all I wanted to thank you for everything you do. From your videos to your posts and replies, you have been kind, motivational, and extremely educational — thank you!
If you have the time to get to them, I wanted to ask a few questions — feel free to answer any or none of them!
Firstly, how patient are you if a chart is moving against you, and when do you decide to cut losses? Say a base cracks and you start buying in below the base, but the price just keeps on dropping (maybe negative news is about to be released and insiders are selling, who knows). At what point do you say enough is enough?
Secondly, do you primarily trade ***/BTC pairs, or ***/USDT pairs? I've been mainly trading the former as I don't particularly trust Tether, but I'm not sure which type tends to give better charts to trade.
Also, how do you sleep if you are in a big position overnight?
Finally, I started trading on Coinigy with tiny positions in order to practice your method, and was wondering whether I am doing it right. Here are the trades I am in now, with bases drawn in (all buys are 0.01btc):
Am I doing this right?
Thank you so much for all your help, and don't feel the need to answer all of the above — I realize your time is valuable!
Well your bases look good, but you were pretty quick to get in below the base.. you really want a panic under the base, as a result of breaking the base.. In OK for example you bought 9s after you called 10s a base.. thats only 10% chance for profit.. I hope that was a nibble, so that you have plenty more funds to buy bigger lower.. but atleast you did draw a good base and should be safe.
It wasn't just a nibble, it was essentially nonexistent — right now I am trading tiny size just to try and learn. Thank you for your reply!