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Crypt_Current

hero member

Activity: 686

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Shame on everything; regret nothing.

Quote from: Herodes on January 08, 2012, 12:10:11 PM

What about not getting into a position you're uncomfortable with ?

Or only use 20-30% of your bank, so even if the price moves against you, you wouldn't lose too much if you chose to close your position ?

Or make a bot, with some simple rules, or have someone make it for you.

Some bots are too young to be let out on their own

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: Herodes on January 08, 2012, 12:10:11 PM

What about not getting into a position you're uncomfortable with ?

Or only use 20-30% of your bank, so even if the price moves against you, you wouldn't lose too much if you chose to close your position ?

Or make a bot, with some simple rules, or have someone make it for you.

I like that cautious approach, but I will go one further: Just sit it out until you feel comfortable again.

Herodes

hero member

Activity: 868

Merit: 1000

What about not getting into a position you're uncomfortable with ?

Or only use 20-30% of your bank, so even if the price moves against you, you wouldn't lose too much if you chose to close your position ?

Or make a bot, with some simple rules, or have someone make it for you.

cypherdoc

legendary

Activity: 1764

Merit: 1002

and for the frenetically inclined:

http://blockchain.info/new-transactions?format=webgl

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: bzzard on January 06, 2012, 06:07:04 AM

Quote from: legitnick on January 06, 2012, 04:40:48 AM

I've been up for 3 days, I'm starting to run low on amphetamines Angry

amphetamines are very neurotoxic, don't use that...
I've read a lot of good things about modafinil, so if you can get this somehow it can be good alternative.

I would absolutely love to try modafinil. I had all but forgotten about that alternative. Thanks for reminding me. :-)

cypherdoc

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Activity: 1764

Merit: 1002

Quote from: Sitarow on January 07, 2012, 01:22:23 PM

Quote from: cypherdoc on January 07, 2012, 11:20:06 AM

i have a NEW night time tool for monitoring Bitcoin tx's: http://blockchain.info/new-transactions

i've convinced my wife to wear earplugs.

Wow I would have a hard time with the sound. Tap dripping all night long!

Bitcoin project update! New and improved Sleep deprivation / Water Torture service. Free for the first 30days!

can u imagine when it becomes one continuous roar?

waspoza

hero member

Activity: 602

Merit: 508

Firstbits: 1waspoza

Quote from: cypherdoc on January 07, 2012, 11:20:06 AM

i have a NEW night time tool for monitoring Bitcoin tx's: http://blockchain.info/new-transactions

i've convinced my wife to wear earplugs.

Neat map! Btw, you can disable sound by clicking speaker icon.

Sitarow

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Activity: 1792

Merit: 1047

Quote from: cypherdoc on January 07, 2012, 11:20:06 AM

i have a NEW night time tool for monitoring Bitcoin tx's: http://blockchain.info/new-transactions

i've convinced my wife to wear earplugs.

Wow I would have a hard time with the sound. Tap dripping all night long!

Bitcoin project update! New and improved Sleep deprivation / Water Torture service. Free for the first 30days!

ArsenShnurkov

legendary

Activity: 1386

Merit: 1000

Quote from: cypherdoc on January 07, 2012, 11:20:06 AM

i have a NEW night time tool

Ah, positive event !!

cypherdoc

legendary

Activity: 1764

Merit: 1002

i have a NEW night time tool for monitoring Bitcoin tx's: http://blockchain.info/new-transactions

i've convinced my wife to wear earplugs.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: mr chong on January 06, 2012, 07:30:43 AM

Quote from: koin on January 06, 2012, 05:50:54 AM

Quote from: mb300sd on January 06, 2012, 04:17:16 AM

tempted to liquidate and make a $5 profit

an amount like $5 keeps you awake at night?

He probably mean $5 per bit not a total of $5 for his position and when you are holding over 800 bits that can add up to a couple of bucks.

Either way, not everyone here is the 1%, or even close. Don't forget that.

StewartJ

sr. member

Activity: 392

Merit: 250

Quote from: bitcoinBull on January 06, 2012, 01:18:08 PM

Quote from: notme on January 06, 2012, 01:08:22 PM

Quote from: bitcoinBull on January 06, 2012, 01:06:08 PM

And if you have a limit order placed in the middle, it will just be skipped. Example: Price is $6 and you put a limit order to sell at $5.5. But then coins are dumped instantly setting the highest bid price down to $5.0. Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

I don't think you understand limit orders. If you place a limit order to sell at 5.5 and the price is at 6, it will execute immediately as long as there is enough volume over 5.5.

You're right. I meant to say stop-limit order, but I forgot that bitcoinica doesn't offer those.

And neither does Mt Gox Sad

bitcoinBull

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rippleFanatic

Quote from: notme on January 06, 2012, 01:08:22 PM

Quote from: bitcoinBull on January 06, 2012, 01:06:08 PM

And if you have a limit order placed in the middle, it will just be skipped. Example: Price is $6 and you put a limit order to sell at $5.5. But then coins are dumped instantly setting the highest bid price down to $5.0. Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

I don't think you understand limit orders. If you place a limit order to sell at 5.5 and the price is at 6, it will execute immediately as long as there is enough volume over 5.5.

You're right. I meant to say stop-limit order, but I forgot that bitcoinica doesn't offer those.

Only stop orders, which will you give you the rock bottom price. If that happens to be below your zhoutong price, you will still get zhoutonged and lose everything; regardless of where your stop order was. And if its above your zhoutong price, well you'll only lose almost everything.

notme

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Quote from: bitcoinBull on January 06, 2012, 01:06:08 PM

And if you have a limit order placed in the middle, it will just be skipped. Example: Price is $6 and you put a limit order to sell at $5.5. But then coins are dumped instantly setting the highest bid price down to $5.0. Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

I don't think you understand limit orders. If you place a limit order to sell at 5.5 and the price is at 6, it will execute immediately as long as there is enough volume over 5.5.

bitcoinBull

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rippleFanatic

Quote from: Mushoz on January 06, 2012, 04:26:50 AM

Quote from: mb300sd on January 06, 2012, 04:17:16 AM

How the hell do yall sleep?

I definitely can't with this position open right now, tempted to liquidate and make a $5 profit, at the same time, I want to stay up and see if its goes up...

1) Use stop orders if you want to protect your position against unexpected movements.
2) Don't lose your sleep over a few bucks. Believe me, it isn't worth it

I'm going to get tired of repeating this but, stop/limit orders probably won't protect you against unexpected movements. Stop orders execute at market price, which often jumps way past what you expect, instantly whenever someone makes a huge trade. You won't get the price in the middle - you'll get the price at the rock bottom.

And if you have a limit order placed in the middle, it will just be skipped. Example: Price is $6 and you put a limit order to sell at $5.5. But then coins are dumped instantly setting the highest bid price down to $5.0. Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

mb300sd

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