RE: Ethereum, Ripple, Litecoin, Cardano
(2021-05-10, 10:10 AM)coadyp Wrote: I invested some change in Cardano around two weeks ago after reading the book from cover to cover with a prior interest in crypto. Do you think Stan Weinstein's approach is still relevant to the crypto market considering the volatility? From what I understand so far, Cardano doesnt look like it will be stopping anytime soon and I am thinking of rebuying to ride it out.
As long as you adjust for the volatility then its no different to trading stocks, and if you use the investor method then the stop loss is mostly a disaster stop that lives below the 30 week MA for most of the Stage 2 advance, so would work just the same. Short term trading is a different story though, as you'll need to adapt to the volatility. Personally I found using the method on the 2 hour and the 4 hour timeframes with the standard settings as per the weekly chart works well with Crypto for short term trades.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.