/biz/ - Business & Finance

>>12362219

I'm liking XEM. Recently got some bids filled at 1600 and I'm willing to buy more as low as until 1533.

Here is how I fill my bids when I find a good range to accumulate a coin.

Let's say I'm going to put 1 BTC in and my plan is to accumulate from 1700 to 1500.

0.05 bid at 1700

0.10 bid at 1675

0.10 bid at 1650

0.15 bid at 1625

0.20 bid at 1600

0.20 bid at 1575

0.20 bid at 1550.

Not always like this, but you get the idea. I buy more as price goes down. This way when the bull move that I'm expecting happens my losses from previous higher buys are turning into profits quickly.

If the bull move happens before it fills all my bids, I evaluate whether it would be good to market buy some (depending on strength of move) and if not I just ride it out with the bids that got filled.

XEM chart. This shit better not go below 1500.