With the dip we are in I have not been doing much trading. Mainly been buying Bitcoin, Ethereum, and Litecoin on buy days and that is it.
Most of my other trades are down and I don’t want to sell at a loss.
Many people say just wait it out. Some people are not putting any more cash into the market.
The trades I am in now I am going to wait it out. It will come back. But f**k this dip.
My new strategy for the dip.
In my mind this is what I am doing to the dip. But I do actually have a realistic plan.
With my buy days I have some Bitcoin just sitting in my long-term portfolio and I have some cash saved up.
I am going to take some of my Bitcoin, not all, and the cash and invest in a few coins that I already own.
The coins I own I like, they are down in price. It is a perfect time to buy.
By doing this, I can be actively trading again. I am tired of sitting there and just watching the f**king prices.
Most of these investments are not going to be long term. I am going to take profits whenever I can.
Because of this damn dip it seems like coins rise and then fall immediately. I am going to use that to my advantage to sell and then buy back in.
So here is what I think of the dip now.
Doing this will also allow me to continue learning. These investments are not going to be large. Looking to invest between $200-400.
But by actually doing something instead of waiting I can make money while waiting for the market to return.
Here is another one….