I Upvoted and gave some steem on your comment on haejin post but have no idea what happened. Lot of flagging there. just wanted to thank you for all your hard work here and on the cryptocompare forums.
really appreciated. I am not a trader, but appreciate the opportunity to trade with 30% of my portfolio to hopefully buy in and get more. You and others have really helped me understand the cycle better and keeping 70% in no matter what stops me from freaking out.
Thank you for the upvote and steem. Happy to try and help any time. Your strategy is the exact one that I use. 70% in coins that I hodl long term and 30% that I use for trading. I do not day trade, instead I try and switch between coins once I know that they are definitely on the 3rd impulsive wave. It is called Arbitrage trading and with a bit of TA knowledge gives good returns with out all of the normal stress involved with trading.
That sounds interesting. Curious what percentage have you been right in identifying coins that are on 3rd impulse wave. one wouldhave great returns doing this💫. Any tips or resources you suggest checking out
Purely off the charts. I dont try to catch the bottom of a correction. I wait until the bottom is in and the first and second impulse waves are in as confirmation that a new 5 wave impulse is in progress. Wave 2 corrections are a couple of days at the most so I will ladder in when I think the terminal end of wave two is approaching. As soon as wave 3 of 3 is complete I am happy to sell out and move onto the next coin. If no coins are at the right stage I will sell 1/3 of my coins just below where I believe the top of wave 3 should be. If it keeps going up I will let he balance ride. Once it turns to wave 4 I will sell the balance. I am happy to sit on cash untill the next opportunity comes along. I have never yet had to wait to long
Wow that is so interesting.