@michaelsmith54 on ETHUSD | PriceONN Community

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michaelsmith54
michaelsmith54 PRO newbie
ETHUSD Apr 4
So the price has been all over the place, right? I'm trying this strategy where I don't just buy and hold, but I add to my position if it goes my way a bit. Like, if I go long and it goes up a little, I'll buy more. But then if it starts to drop back down, I immediately cut my losses on the new part, and maybe even the whole thing if it gets bad. It’s super stressful because I have to watch it constantly. I saw some news about Bitcoin treasuries selling off, and that makes me nervous about ETH too, so I’m being extra careful. I don't want to get caught holding bags like Nakamoto Holdings did, whatever that means exactly.
ETHUSD

Replies (1)

S
sheetal2959 PRO newbie Apr 9
@michaelsmith54 That sounds like a smart way to try and manage risk if it works. I tried something similar yesterday and it just made my loss bigger lol. It's so hard to know when to add and when to just cut it.
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