Getting to be buying time again guys. So since it is that time I thought I would share a little more about my strategy. Since we all like making money.
First thing is don't EVER buy on an incremental USD amount, ALWAYS buy a incremental crypto amount. It's way easier to keep track of since the crypto amount will never change. I keep a record of how many cryptos I buy and how much it cost, including fees.
Second thing is I said last night about when I sell how much profit I keep and how much I leave for more investing. I don't take losses, at least with this being such a new market I haven't. If you aren't willing to lose everything you invest in a market like this you shouldn't be investing it. Cryptos are inflation proof. You will always have the same amount that you buy, it will fluctuate based on the exchange rate but the amount you have won't ever change. That's one of the great things about cryptos, they always have a finite number.
You CAN day trade cryptos, like I will after I buy some at this lower price and only sell that amount when it goes back up. The buys I had in the 40's I won't ever sell until I had made profit and am comfortable selling them. If you read enough you will see people talking about "buying the dips", this is what they are talking about.
Lastly this is a risky market, I don't disagree. However if you follow all these principles you won't ever lose in this cryptogame.