So I set a stop loss at $210 yesterday 🤔, my BSV sold itsel…

Twetch ·

So I set a stop loss at $210 yesterday 🤔, my BSV sold itself on lowest price while sleeping 😂.

I wonder, buy in again now at $218 or wait it out for that possible 1xx?

Replies

Twetch ·

You could buy half back to be safe on both possible directions

Twetch ·

That would be a good option.

Twetch ·

It feels like trying to catch a falling knife in any market right now. Are you accumulating? Whats your horizon?

Twetch ·

My stop loss was a big position (for me). Just found it funny that I hit the low price ☺️.

My horizon is long term, but these prices slashes I dont want to ride down with at a 1xx price floor.

I will wait out the end of the day to make a decision.

Twetch ·

1xx for sure.

This badboy is going down

Twetch ·

120 wouldnt suprise me at this point (maybe in a month)

Twetch ·

I appreciate the feedback. I will take a long look at potential outcomes over the day and do my risk/reward calculations.

Twetch ·

It would feel great to buy at that price but I never sell my position in hopes of the price dropping. That being said, if the price dropped that low I would def buy more.

Twetch ·

Yes, it was a choice I made when I set it (based on a lot of factors in my life), human nature. I will need to make new calculations and do some new risk/reward scenarios for this new trade. I can't predict the future, that I know 100%.

Twetch ·

Yeah. I bought back at 300. I was hoping BSV wont pull a shitcoin move... it did. 🤷‍♂️