@Ix21, has a very high score at the moment, stay long.
Ix21
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Any updates sir?
GunMoney
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What I don't like about BICO, no token cap. I am a big fan of GODS right now. Not only because this is an actual de-fi game people love but also because the strength in the chart.
GunMoney
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So the million dollar question, how long to hold for? I'd like to ride it out for a couple weeks but this market can turn on a dime, overnight, what's your strategy?
@GunMoney, My strategy is yours once you make a healthy donation! Otherwise it remains a closely guarded secret. There's no great mystery. Tell me, why do you think price action will top out in a couple of weeks? I'm not a day trader, not even a swing trader... normally 10-15 trades per year tops.
GunMoney
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@without_worries, 2 weeks seems to be the amount of time most alt's rally for. FIL from March 14 to March 31, 2021. ETC from end of April to May 5, 2021, at least for big pumps. Just used to so many tokens reverse hard on profit taking lately trying to gauge the strength and possible duration of this move. That balance of holding long enough but not holding too long still a battle
without_worries
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@GunMoney, I understand. This is why a strategy is so important. Timing the market is impossible yet so many try. Like the JASMY idea recently published, 220% return in 5 days. On day 2 I think it was, someone was messaging, will it go back to base so I can buy in? That was when it was 30% up. They hung back waiting for the collapse. You simply can’t time the market.
Here’s a snippet of my thinking:
Start with 10k, make 25%, close the trade and start over with a new idea. By trade 22 you have converted 10k into 1m. Yes it is possible. With the JASMY return by trade 5 say, you’ve brought the 1M target forward to 18 trades not 22! 95% of traders cannot do this, emotions take over. But Elon said Dogecoin is legal tender now! XRP is going to $500! Bitcoin will replace central banks! That’s how 95% of the market hand over their money to the 5%, to which I owe a heartfelt thanks. So I publish ideas as a way of showing my appreciation ;)