ST Alpha - "I don't even know how you trade this stuff? Can you set stop orders? It seems like it requires constant attention." (Reading a Post)

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In response to "Some quick thoughts on cryptocurrency and where my head is at on this... -- (edited)" by David

I don't even know how you trade this stuff? Can you set stop orders? It seems like it requires constant attention.

Posted by Dano (aka dano) Dec 31 '17, 07:45

I suppose you could look at two strategies. One would be a constant churn of trying to keep your money moving to the next hot crypto currency. That certainly would require near constant attention to keep track of the trends to get in and out of positions on time. That seems the most akin to HSX. Get in right away when that casting news lands and ride the stock up as others catch on.

The other would be more like the lottery ticket strategy. Buy several different ones, ignore them for say a year and then come back and see how you did. Honestly, if I was going to do anything this would be what I would do with some "play money." I don't have the time to constantly follow multiple crypto currencies and try to anticipate.

Responses:

I'm inclined to agree. Day trading was never my forte. -- nm - Reagen Dec 31, 08:51 1
- In the same boat here. -- nm - Tim Dec 31, 09:20

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I don't even know how you trade this stuff? Can you set stop orders? It seems like it requires constant attention.

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