Swinglinked like shit and still came out ahead

[Anonymous No.14668222]

Here's the thing, I'm a swinglinker. And I suck dick at it. During the coinbase pump I sold off a total of 80% of my holdings, starting at 19k sats. Some at 22k, 24k, 28k, 31k, 35k, 37k. I sucked complete fucking dick at timing the top. My average sell-off was 28.3k sats.

And I just bought the fuck back in at 26.5k sats. I made 2700 free LINK being the shittiest swinglinker who ever lived. What I'm saying is, if you're not swinging massive +100% moves like this, you are a fucking dumb cunt. You can get the top wrong 7 times in a row and still come out ahead with a little patience. It's literally free LINKies.

So what's your excuse for not swinging?

[Anonymous No.14668246]

>>14668222
blogposts are this way >>> redit.com
also post transactions

[Anonymous No.14668335]

>>14668246
he has truth trips, he doesnt need to post transactions

>>14668222
I sold at $4.10 and bought back at $3.50. Premature, but still boosted my stack by like 15%.

[Anonymous No.14668403]

>>14668222
checked
Any competent shit swinger should be able to grow their swing stack by 5% a day minimum confirmed

[Anonymous No.14668607]

>>14668403
Not 5% a day, sometimes LINK literally crabs within a 1% range all day long, like when CZ has all his suppression bots aimed at it at once. But if you're not netting at least 5% on parabolics like last week's move, then you're dumber than a stump. I should know, because I'm dumb as a stump and I still made +5% off of it.

Most of the assblasted swingers just had overly optimistic re-entries traced out. Like hoping to buy back 40% lower than their sell point or whatever. LINK is pretty resilient, people buy up the dips, it's not some shitcoin like BAT or NANO that dumps back to baseline after a 100% boost. Swingies need to be realistic about their reentries and aim for a 5, 10, 20% multiplier on each swing, tops. So long as you stay conservative you can literally never lose.

[Anonymous No.14668639]

>>14668222
Chekt but dude, it sounds an awful lot like degenerate gambling

[Anonymous No.14668727]

>>14668222
checked. what kind of tax are you on the hook for?

[Anonymous No.14668761]

>>14668222
Enjoy your 40% tax on each of those trades

[Anonymous No.14668779]

>>14668607
I was doing this up to the 4th, but the volume drying up and the volatility rapidly declining has me scared to go in now. 5% a day isn't worth a potential plunge and new floor down to $2.50 or lower.

[Anonymous No.14668792]

>>14668761
t. doesn't understand capital gains tax

[Anonymous No.14668826]

>>14668222

Been there done that with other shit.
What you did was called the martingale method of trading.
theoretically, it works forever.
However, you need enough bankroll to support it. So what happens when it goes to 50k sats. have you exhausted your links yet? what if the retrace doesn't quite go dow nto that average point?

Point: you probably just managed to get to the edge of your bankroll doing martingale without knowing it. if it had pumped another 20% you would have been fucked. you may have panic bought back in, or you probably would just not have been able to make a profit.

You got lucky this time OP. You are taking the WRONG lesson from this. but i think every trader in the entire world has to learn that shit the hard way desu.

nothing wrong with rsiking 10% of the stack though

[Anonymous No.14668895]

>>14668222
Got really lucky there wasn't any other announcements. Mid August through September is going to be one after another, swinging is going to be a minefield if you try again.

[Anonymous No.14669041]

>>14668222
So what you are saying is while Forbes was writing about Chainlink and media was reporting the Oracle startups you were sitting their with zero link . You probably went to bed , couldn’t sleep, or would wake up in cold sweats knowing that any moment you would lose the swing game. But hey I guess 2,000 Link was reward for the risk of getting completely left behind at any second.