RE: "No one man can make a market"

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"No one man can make a market"

in trading •  7 years ago 

I'm finding it a bit challenging to catch the bounces using position trading; this current drop of ours being a prime example. I set a bunch of buy order to trigger at this 'unrealistic price' but I think they were still a bit too conservative, as they all triggered pretty early into the drop. I'm now left holding the bag on 'suddenly expensive' coins as I watch the drop fall further. Granted, the chart is nearly back to where I bought in and as I'm in BTC, I'm not worried about having to hold on a bit longer than expected, but it does leave me without capital to play future bounces until I can make myself whole again.

I think once I settle, I'm going to lean a bit more on alerts, or at the very least, split up my advance buy orders a bit more so that I'm covered against any overnight, sudden sales. Setting all my buy orders in advance has left me out of the game for both of September's surprises; I think I've finally learned my lesson there.

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