Not sure what I did. I read the rules. I dont believe i violated any of them. But my question was immediately deletes.
TL:DR
DOGE swings 5-8% both directions about twice a week.
Is there any negatives to selling when up 5%. Reguying all back with the 5% profit when it drops 5%?
Seems to go up and down like this very consistently.
Asked a question and immediately was removed
byu/TheKillerPink indogecoin
Posted by TheKillerPink
3 Comments
Trading is risky and nobody wants you to sell EVER.
I leverage Doge against itself into small long positions that pay out in Doge. I slowly DCA and when up well over fees I take the Doge into my stack and start slowly buying again. Issue I had with trading for USDT is if you are wrong about tops and sell early left with fixed dollars wah wah waah. Trading Doge margined futures, when I exit there is more Doge for the move up. Things got easier with fomo when I started trading to accumlate more Doge instead of fiat or USDT.
Lol
Don’t EVER go all in or all out. Because chances are real good you’ll get shut out and be unable to buy/sell back.
Trade parcels of no more than 10% of your trading stock. And keep any coins you don’t intend selling in your own wallets (search here for ‘text wallet’ and have a read) and never on an exchange or any other third party.
Decide how much of a change you want to trade at. Don’t forget to allow for fees on both sides of a trade pair. And sell or buy parcels one at a time so you can chase the market without running out of either coins or cash.
Your coins will get progressively cheaper, and end up owing you absolutely nothing. At which point who cares what prices do, right?