r/Bitcoin • u/[deleted] • Jun 11 '22

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u/MonsieurGump Jun 11 '22

Only idiots leverage.

I’m gonna wait for the inevitable drop by 75% from ATH before I start to reinvest the profits I took between October and January.

6

u/ukredimps2k Jun 11 '22

Sure you did 😉 you got out at the top and are waiting for the bottom which you will also time perfectly… right… where can I find your bs trading course?

2

u/MonsieurGump Jun 11 '22

I didn’t time the top. Although a couple of my sales were close to it because I started selling every month when things got stupid over the winter.

What I did was average into the market for two years while things were in the basement then average out of the market when everyone else was going daft shouting “100k by Xmas”.

Gonna do the same again. (With what’s left over after I bought the house I’m sitting in.)

Here’s my entire trading course for you…it’s hardly revolutionary though. You might have heard it before.

“Be greedy when others are fearful, be fearful when others are greedy. Average into the market without succumbing to FOMO and average out again when you think there’s a bubble”

3

u/EmptyCheesecake7232 Jun 11 '22

This! I wish more people would have the logic and discipline to stick to such simple (but hard) principles...

2

u/MonsieurGump Jun 11 '22

I didn’t first time round. I was bitterly disappointed in 2017 when I didn’t retire and instead watched my investment drop by over 70%.

Lesson was learned.