Hi - just a quick question and request for validation of my understanding. I'm trying to figure out if I'm missing some important piece of the puzzle - Luc seems to be saying this - identify the bases, and if the base 'cracks' and there's reason to believe there's buying support, you buy it all the way down if you can, selling for higher as it rises. Or in other words, buy low and sell high. Is that accurate?
I'm wondering if I'm looking at the wrong charts - I've been looking daily when I get home from work (granted not long), but I haven't seen any of the types of dips in the videos. Are people literally waiting for crashes like we had a couple of weeks ago? Or am I not looking in the right places? If I'm just not being patient enough, I guess that's ok but Luc seems to keep himself busy trading ( I know, stocks too) - so where/how are all of these opportunities ? Seems to me you enter a few limit orders and you're done, no?
It basically seems as simple as this - If you believe that an coin/stock/xxxxx will rise in the longer term, wait until it heads South (assuming it's not caused by an valid issue unique to the coin/stock/other) and then buy low, sell high. Rinse, lather, repeat. Is this it or did I miss a bunch of videos?
With so many different coins you're sure to find some Panic sells that rebound in the very same day without waiting days and days for major crashes. If you go to the market watch sort them by price change you'll see the ones that dropped by a hefty amount and then you can check them to see if they're legitimate Panic drops or not. Although the more major crashes you see on the hourly charts are tradable with larger amounts of money. If you have time to stare at the computer for a good length of time you can try Trading the 5-minute chart you'll see smaller opportunities of let's say around 5% - 15% that you can trade with smaller dollar amounts. Checking the daily volume and the live trades sizes will give you an idea of of what size trades you can order and expect to be filled before the price Direction reverses. Waiting for assets you think will go up over the long-term to go down and buying low is not the method taught here. Rather what is is identifying Panic sells in the charts whether they be quality assets or not is kind of irrelevant on the short-term.