Are you following your own example plan or are you still day trading like earlier this year and late last year?
I have never been daytrading BTC. I sold in Nov-Dec and bought back in Feb, so my classification would be "swingtrading". Before and after that I had very little in exchanges. Of course as the price rises again, I'll have to figure out how to divest. I am open to suggestions from all lawful buyers who pay first, after the price crosses $3000.
I'm not against the plan you pose above, in fact I support it, but it is easier said than done when your motto is to diversify. Price upticks generally get people to sell.
Problem with people's natural instinct is that they sell in the meager upticks in the early part of the move and then
don't sell when the price goes ballistic, which would be a good time to sell (with a plan).
All in all, people who keep their funds on exchanges to attempt to scalp the markets will likely end up losing purely based on the single biggest security issue with that type of method, 3rd party risk.
I also lost
BTC250 with Mt.Gox, and I am not proud of it since it was a losign proposition to start with. But that was still only a fraction of my gains made by swingtrading last winter.
