Quote:
Originally Posted by OneHungLo
Just stop. I've been trading stocks and options for 25 years. You will not convince me you're using buy orders and stop losses to get .5% here and there. There's no way in hell every time your buy orders get picked up they never reverse, they only go up and you sell for your 1/2%
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yes but you have not been trading crypto...an experienced trader does not comment a market he does not know...even though I have been trading for only 6 months you have not spent months watching BTC price action but I have...2-3% changes happen sometimes 10x/day...thats 10 opportunities to catch a bounce...the average change in price today was 5-10%...
I only have to catch one of them and I never said I do not miss...I miss daily...if i miss it costs me 0.05% I can afford to be stopped out several times in a row...I can afford to have a 0% day or a -1% day...thats 20 missed tries and I will make it up with one good one or some smaller ones...