Well, most of your post I agree with. Learned a new term FOMO. thanks. But I don't agree with you on using the profits made on gainers to buy some more losers. That may just make you stock more and more losers. And if those loser coins go for a massive correction you are gone or at least sit back and wait for the doom day to be over.
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By losers he means coins that have to go up and are on a downside, so that are cheap and will make a massive profit when going up. Technical analysis is used to spot these.
also thats why the alt portfolio needs to be large enaugh. For sure you cant bet a 100% on TA but if among some massiv gainers you will have some shitcoins then you will barely notice that and sort them out on your next portfolio review if you decide not to wait any longer.
You made a right point @barsic. Shitcoins profit should be taken asap but dont invest all the earnings in a bearish coin until it has started to make a bullish trend
Thanks for your response. I do understand what he meant by and that's why I made an opinion. But many a times buying more and more of a bearish item results in huge losses as the coin may even break the resistance and go further below. Thanks.
If you can't bear 30% corrections, you don't deserve 1000+% gains.
Well said @hashbox. I do bear corrections. My point was different. Anyways thanks for the response. Love.
That's what TA is for. To find the coins that are ready to explode up. Which in this market is almost guaranteed to go up. Set your stop losses. Reassess your coins and make a decision based on anaylasis. Not to blindly pick some random coins. Or shoot from the hips.
I agree with you. Just wanted to add a point here. In cryptomania fundamental analysis is equally important. Thanks.