You wait for a bus all quarter and 2 come along at once ...

in crypto •  4 years ago  (edited)

Alanis Morissette had a hit song out in 90s of the past century called. "Ironic".

It is like rain on your wedding day.
Free ride, when you 've already paid.
Good advice, that you just cannot take
Who would have thought, it figures?

Stoploss_n.png


People had been waiting for BTC to do $10,000 and then it comes along and jumps to $11,000 in short order. It just goes to show that analysts are often wrong and pollsters don't get it always. Markets are inherently chaotic and therefore your approach to them have to be:
a)thoroughly consistent, rational and objective [to you] &
b) totally subjective.
Any hope of wresting universally objective 'ethos' from the patterns of your 'charts and plays' is farfetched. Speculation is a species of gambling. We set stop losses and it seems we didn't need them after all. The predicted massive sell down never came. Slight evidence of pump-n-dump schemes afoot. Still good to have had some stop losses in place. Wish you well out there, regardless.
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