cashed out 1,100 of my bitcoinica longs at $6.18 yesterday, naturally it immediately shot up $1 to $7.20
I left 243 BTC long with their base price now down to $0.7959 & removed the original 300 BTC that I'd used as deposit/margin to open the position which was:
243.9 @ $4.107 - 26 Dec 2011
100 @ $4.65 - 1 Jan 2012
1,000 @ $5.528 - 1 Jan 2012
Total: 1,344 @ $5.205 base price
Wow... moving some bitcoin! The Bitcoinica style of trading eludes me.
I think today's volatility is going to keep me on the sideline for a while. Things may just be correcting for a bit, not sure yet.
The ask walls are building up, we have had 4 different $1 dollar roller-coaster moves in the space of 12 hours, and I'm feeling the bullish sentiment is wavering a bit.
I will probably miss the train on the way up, so I might have to take the later bus instead.