Yokoj

XRP, trade wins / invest losses strategy

KRAKEN:XRPUSD   XRP / U.S. Dollar
We need to break out of this dangerous trend line ... However stay emotionless and look at the chart, I believe that the break out will come soon in the next couple hours, or minutes. To the expected region.
However in the long-short term I see Ripple diving to the 0.25 USD region, to the august 2018 low, I actually also believe 0.15 USD is a easy target so reach . However in the long-term I see Ripple reaching at least 8USD, and in very long-term I see it going to 1000USD. So think long-term.
I personally do not use Stop losses, because if my position drops 80% I just buy more and trade with another amount until we reach a higher price then my previous position. And then I sell, because I this is as an asset that I trade and invest in, if the asset you are trading is also an asset in which you see value in the long-term, it makes it much easier and you can properly look at the charts with out being blinded by emotions, you accept your current losses as you believe in the long term, they will be in profit again.
Anyways, this is peculiar way of doing it, but if you can afford temporary losses that you don't cash out and you see value in the long-term, then by all means try this strategy.
In the end, you will have no negative trades !!
Learn before earn, and happy trading !
Please share your thoughts, as I am always interested in where others see XRP going :)
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