Quote:
Originally Posted by jscott
also known as , holding
not rocket science
|
holding is risky...blockhain is the future but I would not bet on the current coins for long term...also if you are not actively growing your investment you are leaving money on the table...there are ways to do it that do not involve a lot of risk...unlike margin trading that is extremely risky...
you must calculate the risk you are taking, be realistic with your positions and time your entry and exit carefully...stop losses being the foundation of low risk and calculated investment...you must game it so that the odds are in your favor:
1) set your winnings always x2 higher than your stop loss...for example, shitcoin x is 100 usd at the time of my entry in to the position...my stop loss is at 99, my sell order is at 102...2:1 is minimum...losses in % cost more than wins...if shitcoin x goes down 50% while I am holding, it has to rise 100% for me to be at 0 again...wise entries + calculated positions = win most of the time...
2) always remember that prices are "3D"....for example trading BTC for ETH but is ETH up against the dollar or not in relation to BTC? if you understand the real price of 2 coins you will make more...
3) make easy money on the total swings...for example everything is down now, great time to dump BTC because other shitcoins have lost more %-wise and people tend to buy and sell the same coins over and over...shitcoins will see greater gains that BTC %-wise
4) arbitrage is your friend...I have made money on some exchanges by not even leaving the exchange at all...for example shitcoinA vs shitoinB is one price BUT shitoin A or B vs USDT is a different story...no risk easy money and you pretty much do not care whether it is a bit up or down, you just make money anyway...not to mention inter-exchange price differences...forget the big exchanges (mostly) and the top 20 coins for this...the money is in shitcoin/shitexchange arbitrage...
5) time of day...on most mornings in my country the price of shitcoins is lower than in the afternoon in regards to the USD...it also tanks during the night on most nights...the action seems to mostly begin at around 11 am my local time for reasons not yet clear to me....also a spike of action happens at 6am my time but its not as often as the ones above...this is all to be taken with a grain of salt...but it does help me time my moves...
6) predictive linguistics <--- my new favorite thing...i got the idea from halfpasthuman.com..I am not plugging them I could not care less how they do, the guy is a nutcase but the idea is pure gold and I have developers working on this for free...
quote:
Predictive Linguistics is the process of using computer software to aggregate vast amounts of written text from the internet by categories delineated by emotional content of the words and using the result to make forecasts based on the emotional 'tone' changes within the larger population
now I am going to step it up a notch and introduce "gravity" for certain news sources and people and see what kind of edge it will give me for predicting rises and falls in certain shitcoins...
I doubled my shit with just trading in a bear market since the new year...made much much more with arbitrage...cashed out maybe 2 weeks ago waiting for futures to expire and I am holding off because I feel another dip may be coming...