RE: From Extreem Fear To Extreem Greed
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Lol, I agree, it's been crazy lately but good crazy for those who know how to handle this type of situation.
I don't use bots as I like to do everything manually and see where I'm going, but I agree, this dip must be exploited as we may never get a similar one soon.
Congratulations on filling your bags! Every profit counts!
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The bots are great for overnight when I'm asleep. They keep everything ticking over. During the day I will often over-ride them when I spot something (dip, rise, different market, etc).
I just wish work was a bit queiter as I couldn't "enjoy" the recent dip as much. I only invest small money (as i don't have much spare), but i would have loved to move £50 into Crypto to buy at the lower prices over the last few days.
I am not going to FOMO though. I won't retrospectively invest because I couldn't mobilise quickly enough before.
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This is the right mindset, trust me. FOMO is the fastest way to nowhere and can ruin you in minutes.
Can you name the bot you're using? I'd like t research it, at least see how it works.
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@erikah - I use the bollinger bands bot on Quadency.
When the market dips below the "normal" bands, I see it as an abnormality and hope that it will correct itself. Sometimes it's a longer drop, but generally under normal market conditions it gets back to normal. I set my bands to a 3x multiplier.
Hope that helps with your reserach :-)
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Thank you for the info, I'm going to check it out.
Stay safe, trade well my friend 🙂
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