I pussied out - page 2. | Bitcointalksearch.org

kjlimo

legendary

Activity: 2114

Merit: 1031

Quote from: FlipPro on January 05, 2012, 04:22:23 AM

Quote from: Cluster2k on January 05, 2012, 04:17:14 AM

Quote from: FlipPro on January 05, 2012, 03:41:35 AM

HOW MANY TIMES DO I HAVE TO TELL YOU NOOBS!

DON'T SELL YOUR BITCOINS. YOU WILL REGRET IT LATER! LOL Kiss

Does that apply to people who sold between $15 and $25 per bitcoin, and have recently bought back in for <$5?

The time to sell up is when price growth becomes exponential. Irrational exuberance takes over, if you will. I'm hoping this latest rally becomes a slow boil rather than a repeat of March -> June 2011.

It's already looking like it's going to be a much more stable rally, then the last one was. There will be many more booms followed by corrections a few days later.

Everyone's playing the game now... When everyone's playing, manipulation becomes much harder!

so sad for Mr. Manipulator, haha.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: Cluster2k on January 05, 2012, 04:17:14 AM

Quote from: FlipPro on January 05, 2012, 03:41:35 AM

HOW MANY TIMES DO I HAVE TO TELL YOU NOOBS!

DON'T SELL YOUR BITCOINS. YOU WILL REGRET IT LATER! LOL Kiss

Does that apply to people who sold between $15 and $25 per bitcoin, and have recently bought back in for <$5?

The time to sell up is when price growth becomes exponential. Irrational exuberance takes over, if you will. I'm hoping this latest rally becomes a slow boil rather than a repeat of March -> June 2011.

It's already looking like it's going to be a much more stable rally, then the last one was. There will be many more booms followed by corrections a few days later.

Everyone's playing the game now... When everyone's playing, manipulation becomes much harder!

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: FlipPro on January 05, 2012, 03:41:35 AM

HOW MANY TIMES DO I HAVE TO TELL YOU NOOBS!

DON'T SELL YOUR BITCOINS. YOU WILL REGRET IT LATER! LOL Kiss

Does that apply to people who sold between $15 and $25 per bitcoin, and have recently bought back in for <$5?

The time to sell up is when price growth becomes exponential. Irrational exuberance takes over, if you will. I'm hoping this latest rally becomes a slow boil rather than a repeat of March -> June 2011.

naima53

hero member

Activity: 616

Merit: 502

Quote from: FlipPro on January 05, 2012, 03:41:35 AM

HOW MANY TIMES DO I HAVE TO TELL YOU NOOBS!

DON'T SELL YOUR BITCOINS. YOU WILL REGRET IT LATER! LOL Kiss

If I didn't sell in that rapid growth, I couldn't so successfully to buy for 1.9..... 2.5 Cheesy

FlipPro

legendary

Activity: 1764

Merit: 1015

HOW MANY TIMES DO I HAVE TO TELL YOU NOOBS!

DON'T SELL YOUR BITCOINS. YOU WILL REGRET IT LATER! LOL Kiss

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: RandyMarsh on January 05, 2012, 12:16:18 AM

Got scared and sold at 5.8ish, have I made a mistake? in any case I've profited for the day, and I need to sleep now (If possible I never sleep with BTC in my pocket, I could wake up with dirt for money)

Long time since i've seen 5am sober. zzzzzz

**when this guy wakes up -> Cheesy

"hmm wonder what bitcoin is at" -> Roll Eyes

"omg 6.5, and their just was a big sell" -> Shocked

"I should buy now! bitcoin is goign to the moon!" -> Grin

"Why is NOTHING happening" -> Angry

"Another sell off! now 6.1,what should i do??" -> Undecided

"I'll short some and go Long! i can't lose!" -> Wink

"Why is NOTHING happening Again....." -> Angry

**he goes out to lunch -> Tongue

"OMG THIS IS THE BIGGEST RALLY I HAVE EVER SEEN!" -> Cool

kjlimo

legendary

Activity: 2114

Merit: 1031

Quote from: Serge on January 05, 2012, 12:22:31 AM

thank you and whoever else keeps the btc rate down, it's nice to see the price going up but rapid growth is not ideal, would be great to stay around 5.8-6.2 for things to settle before moving on.. if it goes even lower - great too

This sounds like someone like me, who still has stop orders in at $2, $3, and now $4 and $5. I feel reasonably confident that it will dip again over the next 12 months, but when? who knows. Until then, just try to keep jumping in and out at $5 and $6.

zby

legendary

Activity: 1594

Merit: 1001

Quote from: RandyMarsh on January 05, 2012, 12:16:18 AM

Got scared and sold at 5.8ish, have I made a mistake? in any case I've profited for the day, and I need to sleep now (If possible I never sleep with BTC in my pocket, I could wake up with dirt for money)

Long time since i've seen 5am sober. zzzzzz

Have you been around in the spring last year - or did you start with bitcoin in the autumn?

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: miscreanity on January 05, 2012, 12:48:15 AM

Quote from: Cluster2k on January 05, 2012, 12:39:32 AM

If you never sell then you never really have a profit.

Yup.

A good practice is to scale in and scale out. For example: I closed 10% of my open positions today. On any significant declines, I'll probably add that back because my analysis suggests there's still room to rise. If I don't get the opportunity, I'll just continue to ride up with the other 90% of my holdings.

Trading is counterintuitive to your emotions. Learn to love the sinking pit in your gut when things don't move your way (then buy) and grow wary of the elated sensation upon doubling, tripling or hitting a 10-bagger (and sell).

If you keep at it, you'll develop your own trading style - short vs. long term, momentum chasing, etc. In general, you just have to heed and control your emotions.

Best!

I usually tend to place orders on both sides, so it's always win win! Grin

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: miscreanity on January 05, 2012, 12:48:15 AM

Quote from: Cluster2k on January 05, 2012, 12:39:32 AM

If you never sell then you never really have a profit.

Yup.

A good practice is to scale in and scale out. For example: I closed 10% of my open positions today. On any significant declines, I'll probably add that back because my analysis suggests there's still room to rise. If I don't get the opportunity, I'll just continue to ride up with the other 90% of my holdings.

Trading is counterintuitive to your emotions. Learn to love the sinking pit in your gut when things don't move your way (then buy) and grow wary of the elated sensation upon doubling, tripling or hitting a 10-bagger (and sell).

If you keep at it, you'll develop your own trading style - short vs. long term, momentum chasing, etc. In general, you just have to heed and control your emotions.

Best!

Well said.

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: Cluster2k on January 05, 2012, 12:39:32 AM

If you never sell then you never really have a profit.

Yup.

A good practice is to scale in and scale out. For example: I closed 10% of my open positions today. On any significant declines, I'll probably add that back because my analysis suggests there's still room to rise. If I don't get the opportunity, I'll just continue to ride up with the other 90% of my holdings.

Trading is counterintuitive to your emotions. Learn to love the sinking pit in your gut when things don't move your way (then buy) and grow wary of the elated sensation upon doubling, tripling or hitting a 10-bagger (and sell).

If you keep at it, you'll develop your own trading style - short vs. long term, momentum chasing, etc. In general, you just have to heed and control your emotions.

Best!

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: old_engineer on January 05, 2012, 12:31:58 AM

Not everyone can be long all the time. Today ranged from $4.78 to $6.36, and a $5.8 sell out is still a $1/btc gain on the day.

This is what matters! Wink

Quote from: old_engineer on January 05, 2012, 12:33:35 AM

Quote from: RyNinDaCleM on January 05, 2012, 12:29:45 AM

Hey! I sold, albeit much higher than 5.80. Then I bought back at 5.73 once I knew it wasn't going to blow through the 5.72 resistance.

Ha! Sounds like it was you and I (and perhaps others?) jockeying for position to catch those falling bitcoinica coins at 5.723, 5.724, 5.725, etc. Better than playing any board game...

I was sitting here with my finger on the trigger. waiting to see where it would stop. There were a bunch of orders put in at 5.725-5.75. They were getting eaten up so fast, I was unsure about placing mine, but said "eff it", and went ahead anyway.
Aaannd, just sold at 6.08. oops! (I got carried away with typing)
Oh well! Back below $6 now.

phorensic

hero member

Activity: 630

Merit: 500

The truth is you didn't pussy out, you took profit. This is the sign of a smart trader. What if the price crashed to $1.00 while you were taking a piss or sleeping and you didn't have a stop-loss order set?

tvbcof

legendary

Activity: 4760

Merit: 1283

Quote from: RandyMarsh on January 05, 2012, 12:16:18 AM

Got scared and sold at 5.8ish, have I made a mistake? in any case I've profited for the day, and I need to sleep now (If possible I never sleep with BTC in my pocket, I could wake up with dirt for money)

Funny...back before I took my fill of BTC I used to feel the same way only opposite. I often made a BTC purchase before going to bed because I didn't want to go to sleep with USD in my pocket. But for similar reasons insofar as not wanting to wake up with dirt for money. I probably spend to much time reading zerohedge.com

Now I've got a nice enough pile of BTC in deep deep storage and am past break-even at $6 and am sleeping well.

If BTC continues to rise to the value that I've always felt like it should have on the world stage, I wonder how many would-be early adopters will end up being caught out, or much more out than they could have been. The only reason I can imagine how badly that would suck is because I got busy with other things when I first took an abortive interest in Bitcoin in late 2010.

Sitarow

legendary

Activity: 1792

Merit: 1047

Quote from: old_engineer on January 05, 2012, 12:33:35 AM

Quote from: RyNinDaCleM on January 05, 2012, 12:29:45 AM

Hey! I sold, albeit much higher than 5.80. Then I bought back at 5.73 once I knew it wasn't going to blow through the 5.72 resistance.

Ha! Sounds like it was you and I (and perhaps others?) jockeying for position to catch those falling bitcoinica coins at 5.723, 5.724, 5.725, etc. Better than playing any board game...

I will admit I added more to my reserves at 5.72001 5.73001 and even 5.8001

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: RandyMarsh on January 05, 2012, 12:16:18 AM

Got scared and sold at 5.8ish, have I made a mistake? in any case I've profited for the day, and I need to sleep now (If possible I never sleep with BTC in my pocket, I could wake up with dirt for money)

Nothing wrong with pussying out. If you never sell then you never really have a profit. The real world in which we live still revolves around government issued currencies. Need to take profits at some stage.

old_engineer

sr. member

Activity: 387

Merit: 250

Quote from: RyNinDaCleM on January 05, 2012, 12:29:45 AM

Hey! I sold, albeit much higher than 5.80. Then I bought back at 5.73 once I knew it wasn't going to blow through the 5.72 resistance.

Ha! Sounds like it was you and I (and perhaps others?) jockeying for position to catch those falling bitcoinica coins at 5.723, 5.724, 5.725, etc. Better than playing any board game...

old_engineer

sr. member

Activity: 387

Merit: 250

Not everyone can be long all the time. Today ranged from $4.78 to $6.36, and a $5.8 sell out is still a $1/btc gain on the day.

SaintFlow

sr. member

Activity: 476

Merit: 250

The first is by definition not flawed.

Quote from: RyNinDaCleM on January 05, 2012, 12:29:45 AM

Hey! I sold, albeit much higher than 5.80. Then I bought back at 5.73 once I knew it wasn't going to blow through the 5.72 resistance.

100 percent envy you

this is what i get for sleeping 5 minutes longer this morning

kwukduck

legendary

Activity: 1937

Merit: 1001

Meh you didn't make a mistake, you helped me greatly, thanks for the cheap bitcoins!

Topic: I pussied out - page 2. (Read 4121 times)