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| Topic | Stock Topic 30 |
| Forceful_Dragon 06/14/21 11:33:10 AM #383: | ChainLTTP posted... Anyone swing trading crypto is a madman (unless you're friends with Elon Musk and know when he is about to do some sweet market manipulation) I don't know if you would call what i'm doing "swing trading", but I average my price down on significant enough dips, and then get out once I can realize a 2 or 3% gain (after factoring in binance fees). I keep half of my profits in USD and I leave half of the profit in the token i'm trading with. And then I look for a good moment to get right back in, and repeat. By realizing a portion of my gains in the token I stand to gain more than just the 2-3% when the token goes up over time. But I also don't Moonroof all my eggs into a single basket so when I gain 2% it's not an overall 2%, just 2% of that specific chunk of my investment. But repeat it enough times... I've seen an 80% ROI so far since March 23rd, which I know is absolutely not sustainable, but it's nice for now. And even if the crypto world crashes around me I'll have realized enough of the gains in USD that i'll be in the black and I have funds ready to move into a big crash should one occur. --- ... Copied to Clipboard! |
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