Topic: It's called a correction (waveaddict's bitcoin charting subscription thread) - page 20. (Read 92097 times)
March 19, 2012, 11:52:01 AM
One could think that this is a 50/50 game - that you either lose or win. It isn't the case though. MOST of the time you will lose, and if your risk management is wrong, you'll lose big time. Keep that in mind.
March 19, 2012, 11:47:04 AM
Good advice from all.
I do try hard not to be emotional about this: I try to take losses on the chin and use stop loss positions. I definitely want more bitcoins, not more dollars -- having decided that very early on. It just seems that whatever choice I make it is always wrong. For example: we've just had a big drop -- and if it's the right thing to do, I'd sell and lose. But when I have done that in the past, the price instantly jumps up. Then when what I think is a similar situation happens again, I hold having learned my lesson, it dives even more.
So; I took the decision to follow someone else's advice -- "they can hardly be wrong as often as I", I think. Within the week they are "wrong" (note waveaddict: I am not blaming you, you can only predict as the indicators show -- I am merely bemoaning my seemingly endless bad luck).
If I knew it was the right thing to do, I would just buy as many bitcoins as I could afford and sit on them. When I have previously decided that "from now on, that's what I'll do", the price has never gone higher than the moment of that decision.
I do try hard not to be emotional about this: I try to take losses on the chin and use stop loss positions. I definitely want more bitcoins, not more dollars -- having decided that very early on. It just seems that whatever choice I make it is always wrong. For example: we've just had a big drop -- and if it's the right thing to do, I'd sell and lose. But when I have done that in the past, the price instantly jumps up. Then when what I think is a similar situation happens again, I hold having learned my lesson, it dives even more.
So; I took the decision to follow someone else's advice -- "they can hardly be wrong as often as I", I think. Within the week they are "wrong" (note waveaddict: I am not blaming you, you can only predict as the indicators show -- I am merely bemoaning my seemingly endless bad luck).
If I knew it was the right thing to do, I would just buy as many bitcoins as I could afford and sit on them. When I have previously decided that "from now on, that's what I'll do", the price has never gone higher than the moment of that decision.
March 19, 2012, 11:42:02 AM
If you open position with emotions, you will probably fail.
No emotions, just dry decision based on indicators, many investigations, forecasts and intuition with correct proportions.
No emotions, just dry decision based on indicators, many investigations, forecasts and intuition with correct proportions.
March 19, 2012, 11:40:44 AM
I seriously think I am cursed.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Short term is full of manipulators, manWhatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Am I alone in this? Are other small traders just dripping money slowly into the jaws of manipulators?
TONS of small player are giving money to the big guys. Thats just the way it works. My advice is to start not trading more. In other words, stay out of it until you see an opportunity in your favor that's very likely. And, decide what you want more, bitcoins or USDs. Having a divided mind on that last point will kill you.
March 19, 2012, 11:38:35 AM
I seriously think I am cursed.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Short term is full of manipulators, manWhatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Am I alone in this? Are other small traders just dripping money slowly into the jaws of manipulators?
You are not alone.
March 19, 2012, 11:38:18 AM
I seriously think I am cursed.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Short term is full of manipulators, manWhatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Am I alone in this? Are other small traders just dripping money slowly into the jaws of manipulators?
If you trade while emotional, you will always be eaten by the sharks.
March 19, 2012, 11:36:14 AM
I seriously think I am cursed.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Short term is full of manipulators, manWhatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Am I alone in this? Are other small traders just dripping money slowly into the jaws of manipulators?
March 19, 2012, 11:32:21 AM
I seriously think I am cursed.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Short term is full of manipulators, man Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
March 19, 2012, 11:30:08 AM
I seriously think I am cursed.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
Whatever strategy I follow fails.
Even the coin flipping guy isn't making as much of a loss as me. How is that statistically possible? Own up; somewhere there is an anti-me making thousands.
I can honestly say that every single trading decision I have made was the wrong one. I should offer a service to tell you all what I'm doing so you can do the opposite.
March 19, 2012, 11:29:31 AM
Ramping up after I got liquidated... 
If the ask walls below $5.10 get bought right now imma rage.
If the ask walls below $5.10 get bought right now imma rage. March 19, 2012, 11:22:45 AM
Why not? Do you have any evidence that cannabis impairs drivers?
I'm to lazy to look up references other than throwing you to norml.org, but it impairs reaction time. However, it lowers accident rate because cannabis impaired drivers are more likely to drive under the speed limit and to be more cautious.
March 19, 2012, 11:18:54 AM
Dissappointing.....
Don't be disappointed. I think on the whole this is a good thing. We're going to solidify a floor and if you play your cards well and you could be sitting on a kick-ass long position in a few weeks.
Not when you already have a PISS poor position already...
As usual..
Im tired of trying to make sense of the analysis and constantly getting fucked..
Showing patience only increases my losses
Sounds like we need to meet at a bar and talk LOL.
Im smoking a joint as we speak, going for a ride on my honda... everything is better on 2 wheels..
Driving/riding while under influence....... Just don't.....
Why not? Do you have any evidence that cannabis impairs drivers?
March 19, 2012, 11:17:53 AM
Anyone please feel free to advise me...
Trade your own money on an actual exchange is my advise.For you, SkRRJyTC, I offer the same advice.
You can't make money if your stop loses you more than 10% of your trading funds. You will be wrong a lot no matter how good you are.
Only use bitcoinica if you can stick to that rule, and only for the stop-loss orders. Or, better yet, write a bot to do stop loss execution for you. If you don't have the skill, fund me and I will create a stop-loss execution service. I already have a basic bot that could be adapted, I mostly just need servers and a nice web interface.
March 19, 2012, 11:16:04 AM
I just sent out a premium email regarding 'trading' steps that you will want to follow now that channel support has fallen. Always be thinking about what is probably going to happen apart from what just happened and how it affected you when you are trading. Keep emotions out.
March 19, 2012, 11:13:36 AM
What was your leverage?
Just guess... 10:1
I thought I was doing better this time tho because I didnt fully leverage up my deposit. I had deposited 20 coins and only bought 100. Is this different than depositing 20 coins and fully leveraging up at 5:1?
My stop for this position would have been $5.00(not that I actually used one) but I figured my liquidation price was so close to my stop that it made little to no difference. Anyone please feel free to advise me...
Don't use 10:1.
10:1 is the only way to go in my book. Work hard, play hard.
March 19, 2012, 11:07:37 AM
What was your leverage?
Just guess... 10:1
I thought I was doing better this time tho because I didnt fully leverage up my deposit. I had deposited 20 coins and only bought 100. Is this different than depositing 20 coins and fully leveraging up at 5:1?
My stop for this position would have been $5.00(not that I actually used one) but I figured my liquidation price was so close to my stop that it made little to no difference. Anyone please feel free to advise me...
Don't use 10:1.
March 19, 2012, 11:04:32 AM
You guys should check if Saturn is within one sign of your natal moon. If it is, take a look at this: http://en.wikipedia.org/wiki/Sade_Sati
harr harr muwahahahyou're mean
March 19, 2012, 11:04:04 AM
Anyone please feel free to advise me...
Trade your own money on an actual exchange is my advise. March 19, 2012, 11:03:10 AM
What was your leverage?
Just guess... 10:1
I thought I was doing better this time tho because I didnt fully leverage up my deposit. I had deposited 20 coins and only bought 100. Is this different than depositing 20 coins and fully leveraging up at 5:1?
My stop for this position would have been $5.00(not that I actually used one) but I figured my liquidation price was so close to my stop that it made little to no difference. Anyone please feel free to advise me...
March 19, 2012, 11:02:15 AM
You guys should check if Saturn is within one sign of your natal moon. If it is, take a look at this: http://en.wikipedia.org/wiki/Sade_Sati
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