STEVE-O Posted April 24, 2021 Report Share Posted April 24, 2021 if you bought in at 21 cents yesterday when I posted you could sell right now and netted 20-25% gains on doge again VERY risky but there is money to be made daily on the swings Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted April 29, 2021 Report Share Posted April 29, 2021 if you bought in at 21 cents yesterday when I posted you could sell right now and netted 20-25% gains on doge again VERY risky but there is money to be made daily on the swings Well, M.Elon will be Saturday night lives, so hopefully Sunday Dogecoin will hit a new high Quote Link to comment Share on other sites More sharing options...
STEVE-O Posted May 4, 2021 Report Share Posted May 4, 2021 Well, M.Elon will be Saturday night lives, so hopefully Sunday Dogecoin will hit a new high We setting new records today I cashed out at .55 and will buy back in again after it dips Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 4, 2021 Report Share Posted May 4, 2021 We setting new records today I cashed out at .55 and will buy back in again after it dips Your doing the right thing. I simply can't tolerate the risk on these, but I was just telling my wife thats what I'd be doing. I have a brother in law who bought in at 0.17 and is going completely euphotic thinking his $150 is gonna make him rich, but as I've mentioned on other stock posts, you gotta sell when your into profit and take the gift for what it is. This thing could just as easily crash tomorrow and with social media driving things it likely will go down for a while eventually. Buying dips and selling highs are gonna make you consistent gains on this, good luck. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 6, 2021 Report Share Posted May 6, 2021 One of the girl at work is holding 400,xxx Dogecoin with only $3000 investment. I told her to cash out, she want $1,000,000. Good luck Quote Link to comment Share on other sites More sharing options...
Mace1647545504 Posted May 6, 2021 Report Share Posted May 6, 2021 One of the girl at work is holding 400,xxx Dogecoin with only $3000 investment. I told her to cash out, she want $1,000,000. Good luck I was listening to the radio and they said the difference between dogecoin and others is this coin has no limit like the others. I would think that would make it almost worthless. Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted May 6, 2021 Report Share Posted May 6, 2021 I was listening to the radio and they said the difference between dogecoin and others is this coin has no limit like the others. I would think that would make it almost worthless. It makes it naturally inflationary. All currency is intrinsically worthless. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 6, 2021 Report Share Posted May 6, 2021 It makes it naturally inflationary. All currency is intrinsically worthless. Yeah basically, bit coin and some others are capped bit coin being 21million coins which would make it go up in value pretty much until it's deprecated by another currency or technology. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 6, 2021 Report Share Posted May 6, 2021 One of the girl at work is holding 400,xxx Dogecoin with only $3000 investment. I told her to cash out, she want $1,000,000. Good luck I'm thinking she better sell it and buy something nice. To get to 1,000,000 the value would have to reach $2.5 each. Right now she's the only person thinking it would go that high, most are hoping for $1 and if it goes to $2.5 quickly it will crash just as fast from all the profit taking. This is one of the problems with all this Robinhood stuff going on. People have no clue they they are in a casino and don't know when to take profit and run. Unrealized gains are worthless but you still feel good and it's gonna feel bad when the value starts dropping from a high. That's what drives the waves in the markets and what I prey on as consistent daily gains as a day trader. Quote Link to comment Share on other sites More sharing options...
gillbot Posted May 6, 2021 Report Share Posted May 6, 2021 I'm thinking she better sell it and buy something nice. To get to 1,000,000 the value would have to reach $2.5 each. Right now she's the only person thinking it would go that high, most are hoping for $1 and if it goes to $2.5 quickly it will crash just as fast from all the profit taking. This is one of the problems with all this Robinhood stuff going on. People have no clue they they are in a casino and don't know when to take profit and run. Unrealized gains are worthless but you still feel good and it's gonna feel bad when the value starts dropping from a high. That's what drives the waves in the markets and what I prey on as consistent daily gains as a day trader. There are some pushing for $1 on Doge but expecting to ride it up to $10. It wouldn't surprise me if it got there but the rollercoaster and risk isn't worth it. I said the same thing years ago when I had a few whole bitcoins and now i'm kicking myself for dumping those "useless" things. I think that's what is driving a lot of this frenzy. People had bitcoin and now they are buying all over the place hoping for the next big long term ride. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 6, 2021 Report Share Posted May 6, 2021 There are some pushing for $1 on Doge but expecting to ride it up to $10. It wouldn't surprise me if it got there but the rollercoaster and risk isn't worth it. I said the same thing years ago when I had a few whole bitcoins and now i'm kicking myself for dumping those "useless" things. I think that's what is driving a lot of this frenzy. People had bitcoin and now they are buying all over the place hoping for the next big long term ride. I avoid the woulda coulda shoulda by keeping to a rule of day trading only. I pretty much exit positions within 10-15 minutes making off with around 1% profit and never keeping positions overnight. I miss out on huge gains but I missed huge loses as well and keep the gains very consistent at 1/2-2% per day that I trade right now a few times per month however I'm working to move into full time day trading. There's so many times I would have been rich if I just held but the risk would mean blowing up my accounts and being ruined in one move so it's far to risky. Not saying I haven't done that in the past. Quote Link to comment Share on other sites More sharing options...
STEVE-O Posted May 6, 2021 Report Share Posted May 6, 2021 I avoid the woulda coulda shoulda by keeping to a rule of day trading only. I pretty much exit positions within 10-15 minutes making off with around 1% profit and never keeping positions overnight. I miss out on huge gains but I missed huge loses as well and keep the gains very consistent at 1/2-2% per day that I trade right now a few times per month however I'm working to move into full time day trading. There's so many times I would have been rich if I just held but the risk would mean blowing up my accounts and being ruined in one move so it's far to risky. Not saying I haven't done that in the past. Exactly , they don’t show you all the stories of people loosing it all because everyone thinks they are going to become a millionaire from their $500 investments Quote Link to comment Share on other sites More sharing options...
gillbot Posted May 6, 2021 Report Share Posted May 6, 2021 I avoid the woulda coulda shoulda by keeping to a rule of day trading only. I pretty much exit positions within 10-15 minutes making off with around 1% profit and never keeping positions overnight. I miss out on huge gains but I missed huge loses as well and keep the gains very consistent at 1/2-2% per day that I trade right now a few times per month however I'm working to move into full time day trading. There's so many times I would have been rich if I just held but the risk would mean blowing up my accounts and being ruined in one move so it's far to risky. Not saying I haven't done that in the past. Exactly , they don’t show you all the stories of people loosing it all because everyone thinks they are going to become a millionaire from their $500 investments Hindsight is a SOB ain't it. Otherwise i'd still have apple, Intel, Microsoft and many others from WAY WAY back in the day. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 7, 2021 Report Share Posted May 7, 2021 Hindsight is a SOB ain't it. Otherwise i'd still have apple, Intel, Microsoft and many others from WAY WAY back in the day. Luckily I've never really had much to lose it all before I learned my lessions, a few thousand here and there, but I had a few times in the past 20 years where I had full intention of holding long on things I knew would work out well, but life threw me curve balls and had to close the positions. Very annoying, but oh well it has given me time to think and to learn. I just hope people who are up a lot decide to take the profits because its not real until you cash out and I'd rather have 200-300% in my pocket then be up that much and lose it waiting for 10000%. I've read stories in the news lately of people who bought in at like .0002 or some other ridiculous number and they are up to life changing amounts in the millions and still holding for the LOLs. Quote Link to comment Share on other sites More sharing options...
gillbot Posted May 7, 2021 Report Share Posted May 7, 2021 I've read stories in the news lately of people who bought in at like .0002 or some other ridiculous number and they are up to life changing amounts in the millions and still holding for the LOLs. My buddy has a ton of doge. He got in at the very beginning probably in that range and he’s in for the long haul. He said he cashed out enough so that he bigot his initial money back. If it rides up to $10 he’s golden for retirement, if it crashes he’s out $0. Quote Link to comment Share on other sites More sharing options...
Otis Nice Posted May 7, 2021 Report Share Posted May 7, 2021 Exactly , they don’t show you all the stories of people loosing it all because everyone thinks they are going to become a millionaire from their $500 investments This is modern lotto/scratch off tickets. Change my mind. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 7, 2021 Report Share Posted May 7, 2021 I’ll let you in a secret, it’s cost about $.05 to make a Dogecoin. Because I knew this I missed out on this train Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 7, 2021 Report Share Posted May 7, 2021 I was listening to the radio and they said the difference between dogecoin and others is this coin has no limit like the others. I would think that would make it almost worthless. They are now capped at 5 billions coins a year. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 7, 2021 Report Share Posted May 7, 2021 I avoid the woulda coulda shoulda by keeping to a rule of day trading only. I pretty much exit positions within 10-15 minutes making off with around 1% profit and never keeping positions overnight. I miss out on huge gains but I missed huge loses as well and keep the gains very consistent at 1/2-2% per day that I trade right now a few times per month however I'm working to move into full time day trading. There's so many times I would have been rich if I just held but the risk would mean blowing up my accounts and being ruined in one move so it's far to risky. Not saying I haven't done that in the past. You should start trading crypto. 10% gains is laughable and it’s 24/7 Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 7, 2021 Report Share Posted May 7, 2021 You should start trading crypto. 10% gains is laughable and it’s 24/7 TBH, I tried watching forex a few times over my life and I just haven't learned it and I haven't found any predictability in the intraday charts at least for me. Crypo at least during its moments of high movement is probably somewhat similar to stocks from what I'm looking at in its charting so its possible I could scalp gains on it however I'm getting within weeks/months of being able to make a career change to full time trading and I simply can't risk blowing up everything I've worked for these past years. A lot of sacrifice to create a low income need and a lot of saving to get above the threshold to be able to trade and make the gains necessary to live while I continue to grow. Its very hard to resist the temptation of huge gains, but the rule "plan the trade/trade the plan" applies. Trading isn't going to be my path to quick riches and will be just another job for a while and maybe even a long time. In recent years I started my own IT business and its doing fine, but with health problems that cropped up I'm afraid I won't be able to continue that and really never have been able to put the effort I know I should into it so its been very annoying. The transition to day trading will hopefully allow me to work during the peak times of the market 9:30-11:00am and then do other things or give myself plenty of rest without having to deal with clients, phone calls etc. Quote Link to comment Share on other sites More sharing options...
Jeffrey Posted May 7, 2021 Report Share Posted May 7, 2021 I bought in before the hype, when it was $.002 a coin. Everyone at the time said it would never reach $0.01, yet here we are at it is now $0.61. It did not hit a penny until January, and has shot up ever since. I think it will continue to go up as the hype grows. If it tanks, oh well I already got my original investment back on it. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 7, 2021 Report Share Posted May 7, 2021 (edited) Is there something thats going to push Dogecoin past $1 or just social media hype? I've been reading a lot about many of the coins lately since its a topic that comes up in discussion, but I'm just not seeing any fundamentals to support a ton more gain extremely quickly anyway. Lets have some charting fun just to see the technicals that I use real quick, I don't know much about crypo or forex charts and this is just a simple one off yahoo showing price action, MACD, and the fast/slow stochastics which are what I use on stocks. This ones a 3 month chart, I could be wrong due to some social media event that pushes the price higher, but the chart is kinda 50/50 to me and the stochastics and showing the price near a top probably for the next couple days, but of course weekends seem to be playing tricks on things. My problem is that without actual news of progress for the currency these price increases can't be supported over the next months and could be days or weeks from the downward slide back to "normal" The next chart is a 1 day chart which I look at for intraday trading and at the time I captured this one 5/7 9:32am it looks like the stochastics are pointing the price to go down for the next few minutes and thats where I'd get interested in a quick scalp, especially once the MACD also shows signs that it dropped to a bottom and is meeting resistance, once the fast/slow stoch and MACD point to a bottom forming the price typically starts moving back up. This is because huge trading computers and other traders notice as well and start moving the price creating a self fulfilling situation. As I said this is how I look at stocks and may totally not work with crypto however looking at the charts it seems like they follow stocks movement better than forex, but all this is crazy speculative considering a tweet can blow it all up either way at any moment. Edited May 7, 2021 by Tractor Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 7, 2021 Report Share Posted May 7, 2021 This is the chart at 9:49am Price moved up about 1% and I can see the stochastics starting to weekend so I'd probably have my hands on the sell keys. Then if I was feeling frisky I might do a short sale and catch it on the downside as well, but it would depend what a multi day trend has been in the stock and if it has moved far enough away from the mean div to make that type of back to back play. Those usually work great the day after an earnings call or other big news when the stock is oscillating rapidly. As you probably guessed I love talking stocks and crap, been into it since I was a teenager in the`90's and its probably the one serious hobby that's never waned for me. Quote Link to comment Share on other sites More sharing options...
Tractor Posted May 7, 2021 Report Share Posted May 7, 2021 I bought in before the hype, when it was $.002 a coin. Everyone at the time said it would never reach $0.01, yet here we are at it is now $0.61. It did not hit a penny until January, and has shot up ever since. I think it will continue to go up as the hype grows. If it tanks, oh well I already got my original investment back on it. Thats really awesome! If it gets where people are talking less you can always get out and enjoy it, or better yet, set a stop loss for something ridiculous that it probably can't get back down to and let it ride. One of the big problems for stop loss is people don't realize if you set them to tight the "market makers" know the orders and will create a situation where the stock will fall back and hit peoples stops, thats one of the reasons stocks tend move more when they hit round numbers and especially 1.00, 1.10, etc. It kicks out the timid, or the uninformed and allows the big boys to collect more shares, same thing in reverse for shorts. Quote Link to comment Share on other sites More sharing options...
Forrest Gump 9 Posted May 7, 2021 Report Share Posted May 7, 2021 Imho Dogecoin got pushed up by M.Elon Mark Cuban Reddit group Celebrity like snoop dogg, Guy fierry (? The cooking guy), couple rappers Also, Mark Cuban started accepting it at his Maverick store so in a way it’s going mainstream. At this price $.60 there are better coins out there with actual applications. Quote Link to comment Share on other sites More sharing options...
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