Ride winners, cut losers, manage risk and keep mind and spirit clear to do the prior three. Riding winners implies being a trend follower. Profit presupposes the existence of trend.
GF can use an exponential trailing moving average as an exit if price breaks below and/or closes below the average as a sell signal. Use a very fast moving average to daytrade and give back little. Use a very slow one to increase the odds of holding long term. But very long term moving averages give lots and lots of profits back to ride out the noise. Short ones dont, but you can get shaken out very easily in an overall long term uptrend. Exponential averages include all price action. In this way, they are more 'natural' than simple moving averages. Exponential functions occur naturally in life as well. I like that too.
Can you tell Ive done this for a bit, over 30 years to be exact. I run money now as a PM for a conservative investment manager, was a prop trader, hedge fund manager prior.
No cocaine ever but yes, markets are rigged and it is a ponzi. TLDR: The end game of free money is constrained by inflation in things you cant print (insert Powell brrrrrrr meme here - look it up). Were kinda finally here...now....after a quarter century/30yrs of free money moral hazard. Mirrors, interestingly, the move away from sede Christ.
I understand GF's money management (risk management). Take out the initial investment and play with house money. Let it ride. A good strategy. Nice to see him naturally do this. How slow a moving average are you going to use to follow the trend. Since its house money, you might consider a really slow one to ride the trend and see where it goes. You might get lucky and be onto a big trend. You have no original investment (nothing?) to lose.
I could write another 5000 words on this without breaking a sweat. But I'll leave it here.
This is your Wilson Combat Texas combatives friend G. I wsh you all the best on the trade/investment.
I got in pretty early. Took my invest back out rather quickly. Cashed out a while later, but then went back in when the trend firmed up . I have sat on this since. I'm about 38x up now. It's crazy. I'm not at life changing money yet, but who knows.
I'm going to start cycling some gains from other crypto into this on the dips. We'll see.
So the rug was pulled. It's pretty much all gone in the time I took a shower. I still won, but won a few hundreds bucks vs a few thousand.
Ride winners, cut losers, manage risk and keep mind and spirit clear to do the prior three. Riding winners implies being a trend follower. Profit presupposes the existence of trend.
GF can use an exponential trailing moving average as an exit if price breaks below and/or closes below the average as a sell signal. Use a very fast moving average to daytrade and give back little. Use a very slow one to increase the odds of holding long term. But very long term moving averages give lots and lots of profits back to ride out the noise. Short ones dont, but you can get shaken out very easily in an overall long term uptrend. Exponential averages include all price action. In this way, they are more 'natural' than simple moving averages. Exponential functions occur naturally in life as well. I like that too.
Can you tell Ive done this for a bit, over 30 years to be exact. I run money now as a PM for a conservative investment manager, was a prop trader, hedge fund manager prior.
No cocaine ever but yes, markets are rigged and it is a ponzi. TLDR: The end game of free money is constrained by inflation in things you cant print (insert Powell brrrrrrr meme here - look it up). Were kinda finally here...now....after a quarter century/30yrs of free money moral hazard. Mirrors, interestingly, the move away from sede Christ.
I understand GF's money management (risk management). Take out the initial investment and play with house money. Let it ride. A good strategy. Nice to see him naturally do this. How slow a moving average are you going to use to follow the trend. Since its house money, you might consider a really slow one to ride the trend and see where it goes. You might get lucky and be onto a big trend. You have no original investment (nothing?) to lose.
I could write another 5000 words on this without breaking a sweat. But I'll leave it here.
This is your Wilson Combat Texas combatives friend G. I wsh you all the best on the trade/investment.
I got in pretty early. Took my invest back out rather quickly. Cashed out a while later, but then went back in when the trend firmed up . I have sat on this since. I'm about 38x up now. It's crazy. I'm not at life changing money yet, but who knows.
I'm going to start cycling some gains from other crypto into this on the dips. We'll see.
Excellent. Good for you.