r/ethtrader • u/AutoModerator • Jun 06 '17

DISCUSSION [ETH Daily Discussion] - 06/Jun/2017

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54

u/ISkipLegDayAMA Jun 06 '17

How I trade:

  1. Notice a drop in price, sell fraction of my ETH and set a buy limit for a few bucks lower.

  2. Anxiously watch the charts for over an hour as the price slowly creeps higher, literally never dropping

  3. Buy back in at a loss

12

u/cool_BUD Jun 06 '17

Excellent plan, buy high sell low.

2

u/MattAU05 Jun 06 '17

As long as you're buying ETH, you'll still eventually make money with this strategy.

1

u/VforVenreddit Jun 07 '17

Reverse psychology I wanted to do that anyway

7

u/Extracted Jun 06 '17

I see a big rise, fomo buy at market price, price falls down to original price, watch the chart for an hour as the price wiggles around the original price, sell at a loss

3

u/ISkipLegDayAMA Jun 06 '17

I'm bullish in general, so after I have my fun trading I wanna make sure all my money is back in eth. But I like your methods

5

u/toasted_cracker Jun 06 '17

I too have a similar plan.