So the past eight hours have been quite the thrill ride. I'm sure many people are much lighter crypto wallets than they did yesterday, myself included.
However, being the trader I you know I had to make some kind of moves amidst this sell-off
Be Prepared and Ready
I had about $2k USD Tether sitting in my binance account. Waiting to be traded and that is exactly what I did when we got that two hour bounce in ETH, BTC, LTC, NEO etc. Unfortunately that was not nearly enough as I plowed it all into ETH for a trade.
Point is....
I was in a position to act and that is half the battle. Many people think I'm nuts for keeping capital on the sideline, but its for these moments. I plan to put that capital to work again when I see an opportunity
This is something I teach and preach. You must be in a position to act but also have your sights set. In my videos and my charting posts I point out upside and downside targets.
You should always know both for prudent investing. If you are getting info that only gives one side, then find a source giving you the other side.
Anyway, I made a video of the trade and some rambling about charts (and a little frustration)
Learn to Invest Like The Cat
Best Regards,
Do you think we should sell all of our SBD now?
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Your post very very empowerment the childhood of Mahatma
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It usually is a good idea to keep some cash on the sidelines, unless you're an all-in type of person.
If you are that type - I can't repeat this enough - you'd better HODL and be prepared to wait years. That's exactly how the Bitcoin "insta" millionaires did it.
On the fear that this is a new bear market, I'm girding myself to regard my HODLings of STEEM as "abstract money" that will make no difference to my standard of living for a long time. If it is a new bear market, if Bitcoin and the rest are going through a reprise of '14, I'll fire up a dollar-cost averaging plan - like I should have done in '15 and '16.
Resteemed.
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Exactly! Great plan. Have a similar point of view for my long-term crypto holdings.
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Totally agree on my to lodge some of that rainy day fund in the morning. Should have got on it yesterday. Were in this for the long haul folks..
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I'm deleting my comments.
Being down voted by Content censoring whales sucks
and hurts minnows who only earn 0.01 per post/comment anyhow
This whale BS will kill STEEM imho
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Well done post @scaredycatguide . You deserve for getting Upvote from me. I appreciate on it and like it so much . Waiting for your latest post. Keep your good work and steeming on. Let's walk to my blog. I have a latest post. Your upvote is high motivation for me. Almost all Steemians do their best on this site. Keep steeming and earning.
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Useful article man. Keep sharing with us your thought about crypto invest. Thanks to you. Well done @scaredycatguide
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Good post
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I think now it is very profitable to buy coins!And after the correction there will be a rocket!;)
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Could be, but I still see another leg down. Then it will be time to buy buy buy :-)
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Awesome post ! on my way to check out the video !😀👍👍👍
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Karen! Hope all has been well :-)
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Covering all your bases can't hurt. If your not in it, no chance to gain.
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What are some good sources? There have been youtubers that don't know anything they're talking about!
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