First attempt of daytrade | Bitcointalksearch.org

Birdy

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Quote from: arepo on April 24, 2013, 06:24:44 PM

Quote from: seleme on April 24, 2013, 04:41:30 PM

Quote from: Birdy on April 24, 2013, 04:39:55 PM

My first attempt of daytrade was like this:
"Ok, let's try daytrading with one coin bought at ~$80"
"I think market will go up. Alright it did! *sold at ~$90*"
Then I did this one more time when I was sure it will go up again, worked fine, but then I realized that while I was making money in fiat - I was losing it in Bitcoints.

hehe, that's the bad thing of day trading, you're often short in one of them

this is exactly why you never go 'all-in' or 'all-out' when daytrading, without good reason.

Luckily I wasn't going 'all-in' Cheesy

Just wanted to share that you can still make a loss when gaining fiat, if you think in Bitcoins.

LeTanque

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Fortune favors the bold and brave

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arepo

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Activity: 448

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this statement is false

Quote from: seleme on April 24, 2013, 04:41:30 PM

Quote from: Birdy on April 24, 2013, 04:39:55 PM

My first attempt of daytrade was like this:
"Ok, let's try daytrading with one coin bought at ~$80"
"I think market will go up. Alright it did! *sold at ~$90*"
Then I did this one more time when I was sure it will go up again, worked fine, but then I realized that while I was making money in fiat - I was losing it in Bitcoints.

hehe, that's the bad thing of day trading, you're often short in one of them

this is exactly why you never go 'all-in' or 'all-out' when daytrading, without good reason.

Kazu

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Sold at $159.XX bought at $146.XX

Only really works when there is a random selloff like today when there isn't any lag. Which doesn't happen very often.

Birdy

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Activity: 364

Merit: 250

Quote from: blackreplica on April 24, 2013, 05:08:45 PM

Keep the fiat profit on the exchange to buy bitcoins on dips if you want to even things out a little

I think I will keep those divided from now on, if I should try to daytrade again.
A certain amount of Bitcoins saved in case of a Bitcoin sucess and a (smaller) certain amount only to be traded and make some fiat (only after you have gathered the coins you want to hold, except you were able buy on a real low!).

blackreplica

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Keep the fiat profit on the exchange to buy bitcoins on dips if you want to even things out a little

seleme

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Quote from: StarrManUK on April 24, 2013, 04:56:25 PM

Same, I'm losing bitcoins by day trading but at the moment I sleep easier holding $ rather than BTC

Also I've been averaging 2% return each day, if I kept that up for a year I would be rich.

I had dreams of 10%/day after few such days

StarrManUK

newbie

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Same, I'm losing bitcoins by day trading but at the moment I sleep easier holding $ rather than BTC

Also I've been averaging 2% return each day, if I kept that up for a year I would be rich.

nebulus

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... it only gets better...

Sorry, you lose. Try again!

seleme

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Quote from: Birdy on April 24, 2013, 04:39:55 PM

My first attempt of daytrade was like this:
"Ok, let's try daytrading with one coin bought at ~$80"
"I think market will go up. Alright it did! *sold at ~$90*"
Then I did this one more time when I was sure it will go up again, worked fine, but then I realized that while I was making money in fiat - I was losing it in Bitcoints.

hehe, that's the bad thing of day trading, you're often short in one of them

Birdy

sr. member

Activity: 364

Merit: 250

My first attempt of daytrade was like this:
"Ok, let's try daytrading with one coin bought at ~$80"
"I think market will go up. Alright it did! *sold at ~$90*"
Then I did this one more time when I was sure it will go up again, worked fine, but then I realized that while I was making money in fiat - I was losing it in Bitcoins.

Topic: First attempt of daytrade (Read 1013 times)