Is It Still Good Time To Buy Coin XXX?
aka Common Sense #101
I get this question often.
And this is one of the most retarded questions you can ask.
Tell me, what’s better: Apple or ApySwap?
Apple is much better.
But what’s better buy: Apply or ApySwap?
That’s debatable based on what you prefer most:
I wouldn’t buy Apple because it’s too big now. All his Iphone and M1 chip inventions already factored in.
I’d buy Apyswap for example (APYS) because they are developing, they are still on shitty exchanges and still have events that are YET to get them to the public attention.
People ask me should I buy OMI now, BAKE,… is ETH good buy now.
To me, it seems like a common sense not to buy a coin that has reached all its targets, the same way like ETH after it just pumped is not in ideal buy zone. But I’ll try my best to be patient as maybe it’s not as obvious
SCENARIO 1: You missed the entry, you’re late… is it good buy now.
If I gave you signal, you have targets with it. You can check the price, and if it’s midway to target 1… the question is then not to ask ME (or the community) if it’s still good to enter, but ask yourself: are you happy with decreased gains to target 1 (because of the current price higher) compared with the higher risk (stop being further). If the answer is yes, you know what to do, go for it!
If not, you again know your answer.
SCENARIO 2: Premiums did 10x, you did 2x, then the coin dropped to entry or below.
The coin, after it reaches its targets, should never put you in a losing position. You must have mental or physical stop at break even, and stop it there and forget about it once you’ve booked at least 1 target.
Take for example bake - bake did perfect 10X for Premiums very fast. Premium target was 10x. Some decided to hold further… they had a long road down and waiting for it to come only to part of where it were (Bake is good coin and might have a bright future, however for this sake we talk in one time perspective).
Your goal is always to get max in a given TIME. If you can make, Premiums made I think 10x in 10 days in BAKE… if bake will do double from ATH but it will take another 3 months… it’s not a good trade.
On the other hand… if it took BAKE 3 months to reach 10x and now you need another 3 to reach 2x more, it might be a good trade.
These things are common sense, nobody but you know the right play. Because you ask yourself: “are you happy with such reward for time?” Do you have better opportunities at that time and such.
The call will do 5x, you saw the call at +50%
I’d enter it personally… it has plenty to go, if it’s a gem, or fundamentally strong the risk is controlled.
Do you notice the common sense here? YOU MUST UNDERSTAND WHY the call was given and then you can understand what you should do if you’re late.
The only thing you shouldn’t do is ask me. Because fuck you, if you’re lazy, late, and then easy to bug me… you’re not the follower I write this for.
Instead, if you’re the one who reads this and educates himself, I applaud you and give you my full respect.
Thank you brother,