Avoiding newb mistake #1

[calian]

This has been mentioned before but the current rally makes it all the more important to put it out there. Don't ever sell ALL your coins! As a counter point I personally recommend keeping some fiat available at all times as well. Obviously there are times to make big moves like when I put half my remaining fiat on the exchange into coins at $5.80. Since then I've continued to buy and will continue to do so in accordance with my pre-determined dollar cost averaging plan. However you never want to be 100% all in or out.

Thoughts?

[Spekulatius]

How is that a newbe mistake? Its just one strategy among others.

[Vandroiy]

I generally agree, but never say never. One year ago (minus three days, to be exact), all-out was a very good position.

Though it is a good method to leave room for action on both sides. It just sucks to watch price go the "wrong" way and be unable to trade against it.