You're surely not wrong. I will try to do better. But no promises.
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Thats JJG same pattern of writing
I have been lurking for awhile, and just had to throw in a perhaps.
Doesn't necessarily seem like a bad idea.. although I would be a bit more biased towards bitcoin, and maybe even something like 20 to 1 but without you saying, I cannot really have any meaningful clues about everything in your budget.
Wow, 20 to 1? Maybe that was a typo. 2 to 1? I'll think about that. I should really grow my own, but anyway, you've certainly made me think more about what percent of my disposable income does go towards that particular item. Thank you.
By the way, the more that I think about this, the more I think that if you are in early BTC accumulation stages, and if you are going to try to fuck around with sell ladders, then you almost have to have a fund that is quite separate for this.
That is how I'm working it. I think of the sell ladder as a gamble, for enjoyment. Plop your $50 onto an exchange and place your buy/bet, at whatever 'risk' level you wish. But here the only risk is ending up with a deflating $50, in a possibly never filled buy order. But if you 'win' and the order is filled then you get to place that btc on your sell ladder. Like a 2 way parlay.
but if you are continuing to DCA at the same time, then in some sense you might start to think that your buying of BTC is just cancelling out your sells, so why sell in the first place?.. just figure out your buys.. and maybe just sell when there are really extreme uppities, but still only sell a little bit that relate to selling a portion of the profits (not the principle) and making sure that the BTC price goes up a certain amount before you sell (maybe even in the ballpark of 30% to 50%, and only sell a small amount.. something like 1-3% at most.. but you also have to be able to live with the fact that the BTC price might not end up correcting lower than the price that you had sold, so that is an ongoing risk for which you need to account in regards to both your position size and how much of a rise you need before you shave off any BTC)
How many times can you tell the bookie to let it ride, before cashing out for a new pair of shoes? I do have to confess to adding a bit to the sell side, nice and high, after reading about your being prepared for uppity meeting someone else's mis fingered trade. Congrats!
I am curios though, when you all are doing your scheduled buys, I know JJG has said to make them manual buys if possible as to avoid being played by the exchange (although I'm not exactly sure how they would do that?). So is anyone doing market orders? Because I find myself often placing a buy a bit below spot, but if it goes up a bit I panic and cancel and put a new, higher order in.
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