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RE: ETH at $305. It Could Be Bought at $230 If You Read Post On 07/25 (Price Action Updates & Ongoing Thoughts #12)
On the contrary, I wouldn't enter a trade without a STOP. It takes time and many trades (and lots of money lost) to learn how to set the stop properly.
And a good trader will never be 'trapped.'
Thank you for the comments and sharing. Following you now.
Good luck with your trades.
I'm actually up overall on my trades and "expect" to be up a lot trading GBTC...currently short however and methinks the next move down in bitcoin will be one that will make many rethink the future. That's teh way it is setting up anyway. Thanks and good luck to you also.
You're right.
I "have been" so far as my short entries and covers verify at my blogs about trading both GBTC and "actual" bitcoin. I haven't placed a trade in my actual bitcoin daytrade simulator for weeks now simply because GBTC hasn't been in "buy mode" for that long and I only go long when trader/investment sentiment is negative enough to warrant a trading position to the long side. It remains to be seen if I will be right about current conditions. But I definitely like my chances.