RE: Litecoin (LTC) Corrective Pathway Very Similar to Bitcoin (BTC)

I picked up 10 to hold under 200. In ADA from .38, XLN from .20. ICON from $6. Doing very well, even with this major correction over the past month. What are you in?

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summertooth (72) 7 years ago

Just hold those bad boys man. You will be sick if you sell and try to pinpoint a lower price that may never happen. Patience my friend, the market will rise again.

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3 votes

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azoreanblaze (34) 7 years ago

lol... I agree summertooth.

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1 vote

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jason7282 (61) 7 years ago

I'm trying, all these predictions are driving me crazy lol

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summertooth (72) 7 years ago

I know, it's maddening. And I've been there (a lot!), you figure, hey this guy says it will most likely go down in price before it rises so I should sell then buy back when it drops and I'll have EVEN MORE when it rises. I have done this, and it didn't drop much, then it rocketed up without me. So not only did I sell at too low a price, now I didn't even have any more to sell at the higher price, and if I buy back in I'll have less...and it may not even go up anymore!!!!!
If you really want to try to day trade to catch the wave try it with a SMALL PERCENTAGE of your position. Say 10-20%. See how you do, and that way if it backfires you still have 80% of your position in the bag.
There are sooooooooo many predictions, you will go nuts trying to follow all of them. I would say just try to get a sense of the long term for the coins you have, that way if it drops and you get nervous you know that it will rise again.
Hope this helps man.

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5 votes

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knownow (25) 7 years ago

Yes,.been there and done that repeatedly. Crypto is great for day traders if you know what the heck you are doing. Stick with swing trading or long term.

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realraj (25) 7 years ago

Hahahaha, You are exactly right, been there and done that. Sold it thinking it will go low to buy more and next thing you know you end up buying for more.

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