RE: Yesterday's Poll: "Are you profitable for the last 30 days (if using Luc's method) ?" "Yes" "No" by quickfingersluc

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·@nbiroz·
0.000 HBD
I hate bothering u personally Luc, but I think that recently I developed a different opinion on base trading than most people in the slack...so I'd appreciate it if u looked over few charts(now all coins seem to be falling due to BTC, this assumes normal circumstances):
https://www.coinigy.com/assets/img/charts/59da7bca9a44b.png
For example, this seems like a totally fine position trade to take...The base was retested, but it did not weaken completely, there was a sharp turn down, then the price kept retouching the base after a minimal drop, then finally went down and sideways. I do not think that either of these things  disquality this as a proper position trade, but maybe I am wrong.
And similarly TRIG
https://www.coinigy.com/assets/img/charts/59da7cb09fee3.png
Basically, what I am asking is if a panic is a neccessary component in position trading I guess. Until now I thought it simply meant that the reaction will be better in terms of % and time, but whenever I see a base break it is tradeable in a longer timeframe(until an avg bounce from an avg drop happens, at least).

If not, then most of the trades I take(i look for 10% profit at least) are more akin to daytrading small drops, and all base breaks without a violent reaction would have to be ignored from a position trading perspective. It would also cut the number of trades by 90% i guess.
👍 ,