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RE: "No one man can make a market"

in #trading7 years ago

Fantastic article! It really goes over how you trade very well!

What I haven't seen yet is your mindset for where exactly you set your buys and sells. We know how the strategy works, but when it comes to you personally, there must be a lot of thought behind where you position your limit orders.

For example, say the old support/base is at 4,000... would you think, "just to be safe i'm going to place my limit sell at 3990"... 10 points of range to give the order time to execute. Things like that.

We see how the dips go down enough to hit gaps, and how the bounces try to meet old support, but to not miss perfect times to buy and sell, how do you dictate the exact prices for your limit orders (buys and sells) given different situations?

Thank you so much for your insight Luc!

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@quickfingersluc I also wanted to ask if you think its better to trade lower price markets for bigger returns. ETH > BTC, LTC > ETH, Altcoins > LTC.. ect. as long as we can back check the consistency of the gap filling and it trades high volume.