2022-04-13 09:17:49
I want to give you guys some
tips about
dipbuys + taking profits on them.
Usually when BTC + Market is dipping I start placing buyorders for altcoins that have legit FA, are popular and have shown stength before. Always DCA into them.
Sometimes you see a small 10-15% pump after you buy the altcoin at support. At that moment you have to ask yourself: Am I happy with this quick 10-15% profit to secure them while markets might go deeper?
If
yes, sell the coins and place
new buyorders where you had them first (at the support area).
Because often after the pump, I see the altcoin drop again to make a double/triple bottom on lower timeframes, so your buyorders get filled
again. If price goes up again, you could take profits again and start over. Or you could hold this time if you believe it could go higher shortterm. You have to decide for yourself. No one is going to do this for you.
Dont marry your bags. Buy them and take profits on them. We’re here for the money. Don’t always wait for me to tell you: TAKE PROFITS! If you bought a dip with $1000 and your bag is now worth $1100 in 5-30 minutes. Why not secure the $100 profit and buy the next dip with $1100 for example?
He who does not honour small things, is not worthy of great things.
1.0K views06:17
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