This a 2nd but unrelated post to a post I just made here so sorry if it seems like I’m spamming or anything, not meaning to
So it was pay day yesterday and I’ve decided to put $400 (split into into 2 x $200) into crypto as investments/savings because 4% APY isn’t going to get me anywhere unless I’m already loaded frankly
Anyway the main point is I decided instead of Ethereum and Solana I would put $200 into 7x Solana and then the other $200 into a riskier one just for you know taking risk because I can afford to risk that. Because of the big dump as the start of this month I knew this month would be kind of dead so I figured I’ll wait a week, take care of some things etc, not jump in etc – Now I’m very annoyed at myself
I dropped the ball by not knowing Powell was giving some speech today/update on payday otherwise I would definitely have just opened my position on Friday. I honestly thought the next time we hear from Powell was mid September when the next Fed minutes are… so yeah anyway I feel very annoyed
Now if I do my plan I basically lose 70% if it just reverts back to where it was on Friday. It’s wasn’t going to drop back down to like $120 so it was a no brainer but hey I was trying to be sensible. I am using leverage though as if we’re being honest most of us are here for money not tech. So 7x on Solana makes sense because it just going up 100% and only making $100 over x amount of months is rather pathetic
Anyway, don’t bite my head off please. Don’t rib on me for using leverage and use this an excuse to bash someone. I’m looking for genuine input and advice 😊 if I’m over thinking etc etc, if I really have just been a massive idiot and missed the golden opportunity – Please note yes there is such a thing don’t just tell me to DCA
submitted by /u/ManifestCartoon
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