Not everyone out there is a trader, and neither do I... I had a short period where I have tried FOREX and after that a bit of crypto trading as a full-time job, but I didn't find it suitable for my personality (I was stressing too much about it... lol...). At the moment, I do a bit of trading, if that can be called like that, but only small amounts what I can afford to lose... So, all that I have said in the video, or wrote in the post is just my personal views and they are not any financial advice or such...
The thing that I do currently is "optimizing" my buy/sell orders and usually, waiting for the price to come to me, and not chasing it... If my order fills up, that's great... if not, no worries, there are a lot of other options to enter...
Also, one of the important mid-term strategies is to find overvalued and undervalued crypto assets and trade them... Sometimes, it can be tough to recognize which token is overvalued, especially if there is no history behind it... But, on the other side, when you check the fundamentals behind certain projects, you can get the picture...
The same goes for undervalued assets... You think that "there is no way that this coin goes more down", and it drops 20-30% more... So, be cautious with both things... It is hard to see "the top", or "the bottom", but if you are close to them, you can still be in profit nicely...
In the video, I have talked about POB as an example, but many other tokens can be good examples... Just to clarify, I have nothing against POB, as I'm actually accumulating and staking most of my tokens there... It was just a good, "fresh" example for the video...
PS. Sorry about the strong wind at the end of the video...
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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▶️ 3Speak
I don't really do any optimization or what not but I do leave some buy orders at a lower price. Its pretty much for something I want and if it does fill, good. Otherwise I move on and I consider it good enough that I made an attempt rather than capture every bit of profit.
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Chasing the price usually means losing money... It doesn't have to be like that every time, but in most cases it is... I have bought a nice amount of WORKERBEE tokens in the mode as you said... I had enough, but I put some BUY orders "just in case", they got filled, and the price is atm double than I bought it...
Those "impossible orders to fill" are sometimes the best ones :)
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BEERKING.It is always very wise to pick the price you are willing to buy or sell and not chase it. If there is value to you in the asset you purchase (crypto, stock, etc), it really does not matter what the price is, especially if you are a long term investor and do a little due diligence beforehand.
Agree with you about long-term investing, the price doesn't matter in that case... But, here on Hive-Engine, most of the projects and tribes I consider for mid-term, or short-term... The sidechain is still very "green" and it has to be upgraded to a level that people feel that their investment is safe... I like it, but I still don't have that feeling...
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ENGAGEtokens.That's really tough call to gauge the value of asset. I just check them on their usecase and see if it can relevant for coming years, then I buy.
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Usecase is one of the things to look at... Sometimes, others add use cases later (as we did with Liotes), but look into the team, tokenomics, token distribution, whitepaper... and of course, current status... is their development, ideas, communication with investors...
I know that even the token has all that, it can perform badly, but the probability is on the "good" side... ;)
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