Lets keep this simple: I had about 1 ETH, which I bought for an average price of around $3100. I had been waiting for the price to hopefully go to new ATH’s. I had not realized my profits yet because I was hoping ETH was going higher.

To make sure I would not make a loss, I put a stop-loss order at $3100.

The drop this week kissed the $3100 mark. When you look at the chart, for about 10 minutes or so, the price was at or below $3100, which made my order activate and sell all my ETH. In hindsight, I should have created multiple orders at different price ranges to DCA out of the market.

I am frustrated because I basically lost out on all my profits I could have made. It was no crazy amount and I am content with not losing any of my money, however it just sucks seeying the price back at $3400+ in just a few days.

Should I step back into the market and buy back my ETH, even though I would buy back at a loss? Or take this as a valuable lesson on how to place orders to minize losses and maximize profit?

submitted by /u/DunksandDoinks [link] [comments]r/CryptoCurrencyRead More

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