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RE: BTFD?

in #btc7 years ago

Last night there were several alt-coins that triggered swing trade buys. OmiseGo, NEO, LTC to name a few. But there was no post and for the simple reason, Bitcoin -0.32% is the herd leader right now and that buy signal failed. This is where having a broader perspective of market conditions kept us out of potential losing swing trades. My focus is on Bitcoin -0.32% right now and until Bitcoin -0.32% signals I'm staying, neutral, though we may take this opportunity to add to a few coins for the long term, by slowly entering into the market with small positions. If I want to buy $450 of OMG I'm coming in with $150 positions. I use this for an example so those with smaller accounts understand size does not matter the strategy is the same. Bad habits with small accounts lead to really bad habits with big ones!!!

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Yeah, market leader, but not exactly the first to signal. Nice risk/money management tip too!