During the recent correction, BTG
was the only ALT i was struck holding a temporary paper loss on.. Up to 30% at one stage. I did not cut my losses here as i don't panic sell in a correction, there is always a bounce back to sell at a better price, even if it still is a loss. There was a bounce back almost to entry where i could have gotten out at 8% loss but i decided to hold. BTG
will hopefully follow BTC
and I'm seeing a 5 wave set unfold on the hourly, hoping that the momentum in every time frame which is resetting at the bottom and turning up will carry me back through the buy zone and i can place a stop loss to protect my capital. i don't see any reason to sell the paper loss here HOLD!
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