How do you do it?

Burnblaze
Burnblaze

Been investing since late August, started with $800, got up to $1200 then down to $300 as I'm typing this. Not that worried since I have recovered from $300 to my starting amount twice before but the thing is in the long run I'm not making any profit. For example, most people would be at $1200 then $1500 then $2000 then $5000 then $10000, etc.

But nooooooo for me its just been a wild fucking roller coaster ride the past 3 months.

WHY CANT I JUST MAKE PROFIT???

All urls found in this thread:
https://etherdelta.com/#0x7b22938ca841aa392c93dbb7f4c42178e3d65e88-ETH
JunkTop
JunkTop

Just hold. Seriously, it's not that hard.

Fuzzy_Logic
Fuzzy_Logic

Post your portfolio

I bet it's a shitstorm of meme coins

Just buy bitcoin

Dreamworx
Dreamworx

@JunkTop
Its just the fucking etherdelta PnDs can make me so much money, I'm just not doing it correctly.

SOMEONE MENTOR ME!

Stark_Naked
Stark_Naked

@Burnblaze
Are you chasing pumps?

Harmless_Venom
Harmless_Venom

@Burnblaze
you buy the wrong coins and day trade improperly (if you even do)

MPmaster
MPmaster

@Stark_Naked
Yes and no, Ive learned to create my own pumps but the problem I always seem to run into is that I never sell in time and I just end up lower than I was.

girlDog
girlDog

Let me guess
"BUY BCH ITS 2500$!!"
Better go all in :D
"BUY CHAINLINK THE NEXT BTC!!"
better go all in :D

lostmypassword
lostmypassword

@Burnblaze
went from $500 to $1200 to $200 to $1500 back to $200 to $2500 to $1500 to $3400 and currently at $2800 over the course of 6 months fuck this game.

hairygrape
hairygrape

@JunkTop
Ding dong
@Dreamworx
What you're doing incorrectly is buying pump & dumps. They are designed to take your money. Don't be a mark.
@MPmaster
Also a terrible idea. You can't swing the market with $300. It's like trying to stop a wave with your hands in the ocean.

Poker_Star
Poker_Star

Bump
I'm holding but also would like to learn day trading.

Emberburn
Emberburn

@lostmypassword
Story of my crypto life

Emberfire
Emberfire

@Burnblaze
maybe you flip too much. dont buy the hype. if you are not good at trading you might just buy and hold. if you can afford it - put small money every month into the big guys (BTC/ETH/MONERO)

you can also take a small portion of that money and put it in more riskier investments like OMG/LINK/REQ/ and what not. and then just hold.

LuckyDusty
LuckyDusty

The only, only way to reliably make in crypto is to find an undervalued coin, invest, set your stop loss at 10%, and set your target sell price. Then wait.

You can never chase a pump if you want to stay profitable.

Sometimes, you can join a multi-day or multi-week rise like how Bitcoin gained for a month, but there is a lot more competition now for altcoins, so they don't moon as hard or as long anymore.

RumChicken
RumChicken

@hairygrape
So what should I do? I'm currently holding https://etherdelta.com/#0x7b22938ca841aa392c93dbb7f4c42178e3d65e88-ETH

Do I sell at a loss? Wait? Or what?

Ignoramus
Ignoramus

@LuckyDusty
I think Astro is an undervalued coin desu but im probably so wrong

Spazyfool
Spazyfool

@Burnblaze
user move on, once you made profit sell and go for another coin. If you want to day trade go for a coin and put low buy order and high sell order once it's filled do the same

Lord_Tryzalot
Lord_Tryzalot

@RumChicken
That's beyond my pay grade

viagrandad
viagrandad

@girlDog
he's right on chainlink though

cum2soon
cum2soon

@Lord_Tryzalot
what? its a simple question.

iluvmen
iluvmen

funnel what you can into promising cryptos.
hold.
repeat for a few years.
reap profits.
dont chase pump and dumps. let them come to you if you get lucky on some shitcoin.
consider everything you put in lost.
stop buying shit you dont need and throw it in crypto.
eventually you win.

Carnalpleasure
Carnalpleasure

@RumChicken
@iluvmen

but what should I do now? Sell this shitcoin im holding?

Burnblaze
Burnblaze

@RumChicken

consider it lost and hold.
hold for about 2 years.
dont bother looking for a exit unless you happen to see a pump happen.
put your mind at ease and dont watch the market for a few weeks here and there.

invest in something else move on. wait. hodl.

Crazy_Nice
Crazy_Nice

@Burnblaze
git gud.

girlDog
girlDog

@Burnblaze
simple. stop buying high and selling low.

StonedTime
StonedTime

If you experience such large draw-downs, you do not do any risk management *at all*.

Let's say you bought a token on ED a couple of days ago and they went up 100%. Did you sell 25 - 50%? of your position? No, you hoped it would do another 300%. And then it went down again.

Look up each and every ICO coin of the last 6m - DNT, ZRX, GNT, PPT... They all had a short spike where guys like me sold and you bought.

It's not that hard - pick one of the new ED coins, see if it goes up. If it does, pounce and once it reaches 50 - 100%, sell one part of your coins. Next 100%, sell again a part, so you have all your principal back. Let the rest run, even if it goes down, most coins will go back and higher later.

Went from $10K to $50K like that.

AwesomeTucker
AwesomeTucker

@Burnblaze
You're suffering from FOMO and FUD I suspect. Ignore the hype and pumps. If you're gonna day trade, just wait for a dip, buy, set a stop loss of 10% and a take profit of X%. And stop going all in.

Fried_Sushi
Fried_Sushi

@StonedTime
Well try doing this next thx

What do you mean by pounce and how do I choose which coin to pick when they list a bunch of new ones?

LuckyDusty
LuckyDusty

@Burnblaze

I'm a CFD newfag and i've noticed that holding is the best thing to do, i invested in germany 30 topkek and it went down by 60%, instead of panicking and selling i've holded out and it got back to 30%.

Hoping for a comeback, i can't really do much unless i put more money from the bank on the broker.

whereismyname
whereismyname

@Burnblaze
in the long run
3 months
gunna need more patience than that. and in such volatile markets you have to expect an extreme variance.

Booteefool
Booteefool

@girlDog
this

Gigastrength
Gigastrength

Spend hours researching coins that I thought had massive potential and upcoming news, token-burn, etc.
chose BAT & FUN
Go in on BAT when I think it looks low a few weeks before Mercury.
Go in on FUN hard before Token Burn and Binance comp.
JUST fuck my shit up & fuck this retarded market. Good projects get the shaft while some chink scamcoin blows the fuck up. I really should just go down to the casino and put it all on red.

haveahappyday
haveahappyday

@Gigastrength
Fun is launching beta versions of its platform in December. Hold onto them user.

lostmypassword
lostmypassword

faggot different amounts of money mean different strategies, with 800$ just ride the fomo and dont try to moon mission learn when to pull the fucking chute before the moon mission explodes slowly build up capital

Skullbone
Skullbone

@lostmypassword
This. Massively.

ZeroReborn
ZeroReborn

@Burnblaze

Moving your money too much. Generally takes >3 months for a solid coin to bloom properly.

Spazyfool
Spazyfool

@Burnblaze
stop picking shitcoins, go all in good icos
start with 5k late august
now 21k
only bear market till now

Raving_Cute
Raving_Cute

You joined during a bear market.
If you would have joined mars that would be 20x

Nude_Bikergirl
Nude_Bikergirl

@haveahappyday
I have been buying every new dip that has come along. I'm at 100k FUN now. In NULS and HST too, so if either do get a good pump in them I might even try to bump that up to 250k.

MPmaster
MPmaster

@RumChicken
Haha holy shit dude, just wait until it gets on Poloniex. You're impatience will lose you your money otherwise.

Spamalot
Spamalot

@Nude_Bikergirl
I'm only at 10k FUN, might try to acquire a little more before the platform launches. I think it is a solid ERC20 token that provides not only a service, but also fixes problems with online gambling. I think it is worth while for sure.

idontknow
idontknow

@Spamalot
I might be taking a thorough JUSTing, but no one can ever say I didn't have FUN!

PackManBrainlure
PackManBrainlure

@idontknow
Don't worry user

We will be the ones laughing when we /make it/

RavySnake
RavySnake

@PackManBrainlure
Going to have to start work on some decent gloating memes i suppose.

Spazyfool
Spazyfool

Don't just hold, especially if you bought in during a pump. Cut losses asap (eg. if the Hype cycle is in decline), never ride the train all the way down

Spamalot
Spamalot

RISK MANAGEMENT.

If you're down 10% you need to make 11% to get back. The more you're down, the more you need to make up... 50% down = 100% profit needed

STOP HOLDING

Dreamworx
Dreamworx

@Fried_Sushi
I know your problem, you're fucking stupid.

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