/biz/ - Business & Finance

When you're buying shit coins that have the potential to moon why don't you just set a stop loss slightly below your entry price so if it dumps you don't lose much but if it pumps you have the potential to make a lot.
Is this actually a strat or am i being retarded?

>>22248002
Yes.

Here's the scoop. By December I'm going to have between $10-$15k cash on hand. My father has retired to a country where the USD goes very far. I plan on joining him overseas and I would like to make some money to support my lifestyle from my bamboo hut, and after mocking up some budgets I can live pretty comfy making $500-$600 a month. So I ask anons how would I go about doing this? I should tell you i would like to make the amount I said but really any bit would be ok as well. I have zero experience and knowledge about anything investing wise.

>>22173458
Ok. Seems like a good time to buy more.
Do the needful sirs.

Can it be like febuary/march again? I could do this v-shape shit for the rest of my life.

>>22096056
I'm proud of all of my frens. We will make it together.

Taking profits is good. In this thread I'll show you how to do it and why.

WHY?

Profit taking lets you remove the emotions from trading. Anyone who was around for 2017 knows this. It's easy to look at the BTC chart and think "if only I'd bought the bottom and sold the top." In reality, very few did. The vast majority of traders bought and sold sporadically. They didn't set any concrete goals (other than "make it" or "pay off that mortgage”) and reacted emotionally when their portfolio went up and down. This is why you hear so many stories of anons losing everything or breaking even and so few stories of people becoming crypto millionaires.

Profit taking acts as a hedge against this. This happens for two reasons:
1) Rewards for personal milestones. If you just sit there watching your portfolio blow up, you're going to get greedy or fearful based on how the market's doing each day. If you take profits at pre-decided intervals, you'll have smaller cash out events to look forward to and tide you over before the big one.
2) Risk management. With a good profit taking plan, you'll minimize or eliminate losses by retracting your initial investment before your first 10x, and make sure you have at least doubled or quadrupled your liquid gains in the event that you completely fuck up timing a market peak.

In the next post, I’ll explain how to take profits the right way.

Taking profits is good. In this thread I'll show you how to do it and why.

WHY?

Profit taking lets you remove the emotions from trading. Anyone who was around for 2017 knows this. It's easy to look at the BTC chart and think "if only I'd bought the bottom and sold the top." In reality, very few did. The vast majority of traders bought and sold sporadically. They didn't set any concrete goals (other than "make it" or "pay off that mortgage”) and reacted emotionally when their portfolio went up and down. This is why you hear so many stories of anons losing everything or breaking even and so few stories of people becoming crypto millionaires.

Profit taking acts as a hedge against this. This happens for two reasons:
1) Rewards for personal milestones. If you just sit there watching your portfolio blow up, you're going to get greedy or fearful based on how the market's doing each day. If you take profits at pre-decided intervals, you'll have smaller cash out events to look forward to and tide you over before the big one.
2) Risk management. With a good profit taking plan, you'll minimize or eliminate losses by retracting your initial investment before your first 10x, and make sure you have at least doubled or quadrupled your liquid gains in the event that you completely fuck up timing a market peak.

In the next post, I’ll explain how to take profits the right way.

>>21651501
Thanks for sharing, reading experiences like this helps the iron hands.
Though I feel it's similar to reading about BTC in the past, if that were me and I bought in super low I don't think I would have been able to see the big picture, would have sold way too early.
Look to the future, we'll all make it.

I got around $700 to spend tell me why I should buy your shitcoin.

Taking profits is good. In this thread I'll show you how to do it and why.

WHY?

Profit taking lets you remove the emotions from trading. Anyone who was around for 2017 knows this. It's easy to look at the BTC chart and think "if only I'd bought the bottom and sold the top." In reality, very few did. The vast majority of traders bought and sold sporadically. They didn't set any concrete goals (other than "make it" or "pay off that mortgage”) and reacted emotionally when their portfolio went up and down. This is why you hear so many stories of anons losing everything or breaking even and so few stories of people becoming crypto millionaires.

Profit taking acts as a hedge against this. This happens for two reasons:
1) Rewards for personal milestones. If you just sit there watching your portfolio blow up, you're going to get greedy or fearful based on how the market's doing each day. If you take profits at pre-decided intervals, you'll have smaller cash out events to look forward to and tide you over before the big one.
2) Risk management. With a good profit taking plan, you'll minimize or eliminate losses by retracting your initial investment before your first 10x, and make sure you have at least doubled or quadrupled your liquid gains in the event that you completely fuck up timing a market peak.

In the next post, I’ll explain how to take profits the right way.

Taking profits is good. In this thread I'll show you how to do it and why.

WHY?

Profit taking lets you remove the emotions from trading. Anyone who was around for 2017 knows this. It's easy to look at the BTC chart and think "if only I'd bought the bottom and sold the top." In reality, very few did. The vast majority of traders bought and sold sporadically. They didn't set any concrete goals (other than "make it" or "pay off that mortgage”) and reacted emotionally when their portfolio went up and down. This is why you hear so many stories of anons losing everything or breaking even and so few stories of people becoming crypto millionaires.

Profit taking acts as a hedge against this. This happens for two reasons:
1) Rewards for personal milestones. If you just sit there watching your portfolio blow up, you're going to get greedy or fearful based on how the market's doing each day. If you take profits at pre-decided intervals, you'll have smaller cash out events to look forward to and tide you over before the big one.
2) Risk management. With a good profit taking plan, you'll minimize or eliminate losses by retracting your initial investment before your first 10x, and make sure you have at least doubled or quadrupled your liquid gains in the event that you completely fuck up timing a market peak.

In the next post, I’ll explain how to take profits the right way.

Taking profits is good. In this thread I'll show you how to do it and why.

WHY?

Profit taking helps you remove the emotions from trading. Anyone who was around for 2017 knows this. It's easy to look at the BTC chart and think "if only I'd bought the bottom and sold the top." In reality, very few did. The vast majority of traders bought and sold sporadically. They didn't set any concrete goals (other than "make it" or "pay off that mortgage”) and reacted emotionally when their portfolio went up and down. This is why you hear so many stories of people losing everything or breaking even and so few stories of people becoming crypto millionaires.

Profit taking acts as a hedge against this. This happens for two reasons:
1) Rewards for personal milestones. If you just sit there watching your portfolio blow up, you're going to get greedy or fearful based on how the market's doing each day. If you decide you're going to take profits at certain intervals, you have little cash-out events to look forward to and tide you over before the big one.
2) Risk management. With a good profit taking plan, you'll minimize or eliminate losses by retracting your initial investment before your first 10x, and make sure you have at least doubled or quadrupled your liquid gains in the event that you completely fuck up timing a market collapse.

In the next post, I’ll explain how to take profits the right way.

my dear jannies, please could you stop deleting the good threads and please stop being newfaggots?
this is your last warning jan jans. next time I won't be asking so nicely and won't be so lenient with you.

what are you newly rich linkies gonna spend youre money on?

BASED

>>21288463
I don't come here to shill but don't go all-in on a single one. If the run is just getting started you will have many opportunities to 10x or more.
Also, invest in good storage if you're not using paper wallets. Good luck.

up 40%

>>21216911
OOOOOO

Maybe the real friends were the gains I made along the way.

>>20817531
Why are you so angry? Don't have the balls to jump in and make money?

/biz/ tell me what will the winning lotto numbers be?
I'm going to buy a ticket in the South Australian Saturday X lotto draw number 4071 on Saturday the 25th of July 2020 which has a 20 million dollar prize I will also consider purchasing a ticket in the Powerball Draw number 1263 for Thursday the 30th of July as the prize is also 20 million.

I hope we all make it frens...

950 shares of CCL, average price $16.15.

Not fucking selling