What is Thirds Rule???
Divide investment into THIRDS 1\3RDS 33%
Buy and Sell in THIRDS 1\3RDS 33%
Break each THIRDS 1\3RDS 33% into more THIRDS if necessary...
For example you have $3000 USD to invest in bitcoin.
(don't just spend all $3000 USD all at once)
Buy the first $1000 USD at ANY current market\exchange price. ($1000=1BTC)
Next put a second $1000 USD order at lower than current market\exchange price ($750=1.333333BTC)
Last put a third $1000 USD order at even lower than current market\exchange price ($500=2BTC)
Why buy in THIRDS 1\3RDS 33%???
Because you dont wont to risk paying more. The price could and most likely will drop to your second 2\3RDS 66% order if not your last 3\3RDS 99% order for example: $1000, $750, $500
Why sell in THIRDS 1\3RDS 33%???
Because you dont want to risk not making profits. The price could and eventually will spike higher from the original price point that you bought at. After each THIRDS bought you want to sell higher for example: $1250, $1500, $2000
Why break each THIRDS into more 1\3RDS? 2\3RDS? 3\3RDS?
Thirds Rule is a MEASUREMENT. (like a ruler or a formula)
This will allow you to minimize risk or loss.
Better to be in the positive and not being TOO GREEDY!!!
Please use Thirds Rule responsibly as it may also be applied to any other investments than bitcoin.
Thank you for your time!
This concludes my 1st steemit post to start 2017.
Stay tuned for more basic tradings strategies each month!
FranksIn©