4 ms·
>There is honestly no price I could buy it at where I would be willing to hold. Really no price? Even given the opportunity to buy at $10, you still wouldn't h
by herendin 4y ago
>There is honestly no price I could buy it at where I would be willing to hold.
Really no price? Even given the opportunity to buy at $10, you still wouldn't hold?
- alexanderchr 4y agoIf you believe its value is going down you wouldn't want to hold at any purchase price.
- mberning 4y agoAre you confident it won’t go to $5? I’m not.
- factsarelolz 4y agoI would be very confident I could sell before it hits $5.
- deleted 4y ago[deleted]
- throwaway290 4y agoWhat if you're asleep when it falls?
- factsarelolz 4y agoUhhh you set a stop loss number. If it hits x sell. So if I was given a coin currently "worth" $15,000 for $5. I could set a stop loss of $6 and always make a profit since my initial investment was $5. Asleep, awake, doesn't matter.
- amanaplanacanal 4y agoStop losses can fail when prices are falling quickly enough.
- factsarelolz 4y agoSet multiple stop losses? $6, $5.99, $5.75, etc, etc. if one fails one of the others will catch it. Hell as long as it sells before $5.01 I'm profitable. Simple as.
- amanaplanacanal 4y agoThat’s not how stop losses work. If things are falling fast enough, You could have one trade at $7, and the next trade at $4. Sorry, you still lost money.
- deleted 4y ago[deleted]
- alvah 4y agoThat's how people who haven't previously been investors through a crisis think stop losses work.
- owaislone 4y agoWhat difference would that make? You can invest $50k at $10k a piece or $10 a piece. In both cases it can easily go to $5k or $5.