SUMMARY
It seems many just "hate" Spread Coin (SPR). In my "Trading Nuggets"!, this is my #1 Criteria:
Buying what everyone hates alone can bring a double digit annual return because it largely prevents you from herding which is a profit killer and causes buy high sell low instances. This is closely linked to the #16 Nugget borrowed from the Oracle of Omaha: Be fearful when others are greedy and greedy when others are fearful.
The above are the reasons why I've laddered into Spreadcoin (SPR). The below chart contains the Technical Analysis to support my selection of SPR as a high impact trade. The large red C wave marks the bottom of the sizable A,B,C correction SPR has completed. A confirmation of a trend turn is an impulse set of waves and those are labeled with parenthesis white roman numerals i,ii,iii,iv,v. Elliott Wave states that after five waves, there is a requisite a,b,c retracement, except in this case, it looks to be a,b,c,d,e triangle. If so, and once complete, another set of impulse waves should at least take SPR to $0.60 or so. STOP is set at $0.2821.
Please review these Tutorials on Laddering! and Buy/Sell Setups!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
I got this one at 7k before learning about the ladder techniques. But I set a sell ladder from from 9 - 15 k on 5 different inputs. Is that OK?
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I downloaded the sample of Prechter and Frost's book on Kindle. It's pretty fascinating so far. I'll probably go ahead and buy it in paperback.
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these nuggets are great! saving that to my desktop
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Excellent educational reinforcement @haejin !
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i love your list of rules to follow for trading good ones!
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I wish you MASSIVE profits!
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This wonderful post has received a bellyrub 2.15 % upvote from @bellyrub. Please make sure to vote for my pops as a witness @zeartul,Here
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