Yes, I used to work at an investment management firm. I have owned a lot of link since it was .35. I am very bullish on crypto, it's a large percentage of my net worth and has consumed most of my free time the past 4+ years. Just know how brutal and unforgiving this market can be too. Alt coins can be a trap and wash a lot of people out.
Damn...you made a killing then!
No, I completely understand the risks. On my 2nd buy I made a rookie mistake. I bought MANA at $1.17 which was it's low price for the last while...didn't fully grasp the whole pattern thing with it at the time and I got smoked initially. It actually went up to 1.269 overnight at 2am but since I was on Coinbase at the time I couldn't set a limit sell and so I missed out on about $1200. The next day the massive crash happened and I have been stuck low ever since...however through trading in and out over the past 2 weeks I have managed to turn 9273 shares into 13500, which cut my break even point from $1.17 to $.81.
And that's one of the reasons why I am a huge advocate of share accumulation. I could have sat there and said well, I guess I am screwed and wait til it went back up...which to be honest, is what I was doing for the first month and I missed huge opportunities to sell at $1.01 and $.095 2 separate times.
Then I realized the 9273 shares are still the same 9273 shares at 1.17 as they are at .60. Been trading in and out for the last two weeks and picked up almost 4300 shares for free. The goal is to get up to 17K shares which would pretty much make me back my initial 11K investment and when it goes back up make a huge profit.
And that is one of the reasons why I don't really worry. If they go down I will focus on share accumulation. When they go up, I will hold longer and only sell during major corrections to rebuy lower.
I have a system in place with rules built around it that I won't deviate from and it has been working well. I have found the few times I made an impulse buy/sell is when it didn't work out for me so I make sure to operate within my framework now. Sometimes it's tough but discipline and patience is the name of the game.