Kakashi2020 Posted November 26, 2018 Share Posted November 26, 2018 Considering the present price of Bitcoin, if you've bought it at a higher price, would you consider buying more now? Currently the price is lower than your initial buying price, it means buying now can lessen or counter your initial buying price. Quote Link to comment https://slingbank.com/forums/topic/1723-adding-more-money-to-your-investment/ Share on other sites More sharing options...
Onizuka Posted November 28, 2018 Share Posted November 28, 2018 Not now but when it establishes support probably at around $3.6k or lower at $2.8k~$3k. I've had an average entry price of $6.2k and had cut at $5.9k when the breakdown happened for a -%5 loss. If I buyback when the support is visible then that -5% risk fee will be easily recovered and then some more. One of the most important things in trading is to have a risk management plan e.g. risk -5% for a chance to gain 25% for a 1:5 risk-reward ratio. It's way better than blindly buying and/or hodling. Quote Link to comment https://slingbank.com/forums/topic/1723-adding-more-money-to-your-investment/#findComment-2823 Share on other sites More sharing options...
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