Watching here closely, for LTC to break through resistance and out of a wedge. 42 low end range of last purchase worked out well, at this point I wouldn't recommend chasing the chikun as it were, but wait for confirmation of breakouts on the wedge. I like LTCUSD at 48 by the end of the day.
@sifeij, Profits are best taken while they are profits. You have to be your own judge of how much you're willing to be greedy for man. I always take profits when I feel comfortable with what I'm made, I'm out here to make several transactions a day to make money and not just hold for the long haul, but that is my style. Ultimately my strategy is my own, find where you feel comfortable.
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@speracado, well said. I also like to lock in some profit as well....most of time though, way too early. that would work on a bear market, for a bull market, I left too much profit on the table a lot of times.
speracado
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@sifeij, Sure, it would be great to make 1,000 rather than 400 right? But, you got the 400 safely and didn't have to sit panicking if a sell of came. I like security and setting specific short-term goals, my longer term goals I don't trade though, they sit! 1-3% multiple times per day will always beat buy and hold.
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@speracado, Very true. That's why I am looking into to get a trading bot :) since I have to work during the day. I wonder if you are using one. I heard Haas bot is good. What's your thoughts?
haasonline.com
speracado
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@sifeij, I haven't used a bot, but let me know if you find success with one! They are interesting tools.
CovidScamIsAnIQTest
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@speracado, Will do.
Have a great day. Thank you for sharing your opinion. It's highly appreciated.