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RE: BTC hits $3,500!!! lets go over some charts, and discuss Simple & Safe trading
Luc,
Thanks for your videos - they are a revelation and very informational.
I have some questions:
- In your videos, after a crack, you would buy a position and leave it to bounce back over the next 2-3 days and then sell high (say with 20% gain). Is there any reason that you don't try to sell within 12 hours, albeit with a lower bounce (say with 7% gain)? Wouldn't the latter have the benefit of freeing up your capital so you can make more trades each day (quantity vs quality)?
What is the optimal amount of time to wait after the bounce to allow the bounce to fully develop and reach the top?
- After the bounce from a crack, how do you decide how much to sell and in what increments?
I don't know where you've seen it, but Luc says he likes to participate in each bounce, so he should have some sells there. It's true that it frees up the capital, but there aren't that many opportunities in position trading, I don't think it's a problem for him.
There is no set time, it can be fast, it can be a few days, or a week.
I don't think he has set percentages. He mentioned that he layers in the sells in profit, as well as sometimes leaving 20% of profits to run after the trade.