Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31934.

N12

donator

Activity: 1610

Merit: 1010

Quote from: CryptStorm on November 20, 2013, 10:12:18 AM

+1
I, for one, gotta say thanks for this comment, Blitz. I'm new to this forum but really appreciate your comments here-- I know that I certainly have ridiculously risky appetite, despite a fairly good knowledge (for a non-pro trader) of position sizing and risk allocation. Do I properly size my positions, do I use a trailing stop, do I take profits appropriately, and cut losses every time? Certainly, I feel like these are my weakest areas. Finding BTC is probably the hard part. Now that I'm here, I should really exert those controls and be patient.

Do you have any more suggestions on/about BTC risk management? (excuse me, as I haven't read back through the last 20 pps)

Cheers!

If you want to be serious and have the time to dedicate, IMO it's the best thing to learn technical analysis. I've learnt a lot from waveaddict (whom I still subscribe to) and in the beginning S3052. Here is a good free source to start out: http://www.babypips.com/school

Otherwise, I would simply hold BTC if I really saw much potential left until a bubble happens and bursts, which is the optimal time to diversify. If things look good after a few months and it isn't in a severe downtrend, it is probably. In case you haven't bought yet but would like to do so, I agree the best one can to is dollar cost averaging. Allocate money you want in BTC and set an interval you regularly buy at.

If Bitcoin is to rule the world, both approaches will work very well.

Maybe this can help you too if you think you can quantify a few things: http://www.investopedia.com/terms/k/kellycriterion.asp

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Vycid on November 20, 2013, 10:15:15 AM

Quote from: San1ty on November 20, 2013, 10:13:56 AM

I find it strange that bitstamp is so close to gox now. There used to be a 100 points gap. What changed?

Seventh circle of hell opened up, we're going to $2. At least that's what I gathered from the last few pages

Wink

I'm very tired and should not be trading this much money

shit is goes down to 2 $ again ? Shocked

panicsellmode: on

Drabla

member

Activity: 104

Merit: 10

Pecunia non olet

Quote from: Vycid on November 20, 2013, 10:23:21 AM

Quote from: San1ty on November 20, 2013, 10:21:41 AM

Quote from: herzmeister on November 20, 2013, 10:17:18 AM

Quote from: CryptStorm on November 20, 2013, 10:15:41 AM

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

The wise trader these days will always cover subordinate-rated asset pools.

Exatly, combine that with Fibonacci Retracements based on a refactoring of the singularity in a quantum matrix!

But don't forget to apply the ladder operator to the oscillation in that Hilbert space!

And solve everything for 42

Spaceman_Spiff

legendary

Activity: 1638

Merit: 1001

₪``Campaign Manager´´₪

Quote from: Richy_T on November 20, 2013, 10:25:05 AM

Exchanges are obsolete. They're just trading on inertia.

Care to explain?

adamstgBit

legendary

Activity: 1904

Merit: 1038

Trusted Bitcoiner

Quote from: Vycid on November 20, 2013, 10:23:21 AM

Quote from: San1ty on November 20, 2013, 10:21:41 AM

Quote from: herzmeister on November 20, 2013, 10:17:18 AM

Quote from: CryptStorm on November 20, 2013, 10:15:41 AM

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

The wise trader these days will always cover subordinate-rated asset pools.

Exatly, combine that with Fibonacci Retracements based on a refactoring of the singularity in a quantum matrix!

But don't forget to apply the ladder operator to the oscillation in that Hilbert space!

all the technical shit and you all still haven't a clue what price will do 5 mins from now

Richy_T

legendary

Activity: 2688

Merit: 2399

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: maz on November 20, 2013, 05:20:32 AM

I'm going to get a bitcoin dedicated tattoo I think, something like 'dont try to day-trade your shit at it'. Get it tattood in red across both of my hands so I can read it every time I'm about to make a trade.

Please be sure to have someone proof-read it first.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: herzmeister on November 20, 2013, 10:17:18 AM

Quote from: CryptStorm on November 20, 2013, 10:15:41 AM

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

The wise trader these days will always cover subordinate-rated asset pools.

OK, so you're kicking PPC and Ripple into a lower tranche just because they look funny? (that's a joke)

Actually, that helps, thanks. I get the subordination part, after looking a brief glance at this (http://en.wikipedia.org/wiki/Securitization), what do you mean cover? Are you shorting or buying futures (and thanks for bearing with my ignorance)?

Richy_T

legendary

Activity: 2688

Merit: 2399

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Taxidermista on November 20, 2013, 05:25:15 AM

Quote from: ?? on ??

CampBX delayed their introduction of ACH deposits until a week from now.

So much fail all around the exchanges. Cheesy

Maybe some day we'll have an exchange that it's not a fucking joke. Angry

Exchanges are obsolete. They're just trading on inertia.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: San1ty on November 20, 2013, 10:21:41 AM

Quote from: herzmeister on November 20, 2013, 10:17:18 AM

Quote from: CryptStorm on November 20, 2013, 10:15:41 AM

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

The wise trader these days will always cover subordinate-rated asset pools.

Exatly, combine that with Fibonacci Retracements based on a refactoring of the singularity in a quantum matrix!

But don't forget to apply the ladder operator to the oscillation in that Hilbert space!

chrsjrcj

full member

Activity: 280

Merit: 102

Quote from: N12 on November 20, 2013, 10:05:46 AM

My intention is to warn you guys to practice proper risk management because inevitably, even with a small investment, your Bitcoin allocation will be the main source of your wealth. Marginal utility of wealth dictates that it's more important to secure your first million than to make another.

I've seen it go down from 32 to 2 and it was a really bullish environment too until about 14. It was a long drawn out process with countless bull traps over the course of 6 months. Don't fool yourself thinking it can't happen again today. That's just the nature of humans.

Yeah these boom/bust cycles are less painful if you only buy a certain amount every week, bi-weekly, or monthly. Dollar cost averaging with bitcoin, especially over a long period of time, is the only way to go IMO.

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: herzmeister on November 20, 2013, 10:17:18 AM

Quote from: CryptStorm on November 20, 2013, 10:15:41 AM

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

The wise trader these days will always cover subordinate-rated asset pools.

Exatly, combine that with Fibonacci Retracements based on a refactoring of the singularity in a quantum matrix!

haightst

newbie

Activity: 42

Merit: 0

Quote from: NamelessOne on November 20, 2013, 10:10:07 AM

Quote from: N12 on November 20, 2013, 10:05:46 AM

My intention is to warn you guys to practice proper risk management because inevitably, even with a small investment, your Bitcoin allocation will be the main source of your wealth. Marginal utility of wealth dictates that it's more important to secure your first million than to make another.

I've seen it go down from 32 to 2 and it was a really bullish environment too until about 14. It was a long drawn out process with countless bull traps over the course of 6 months. Don't fool yourself thinking it can't happen again today. That's just the nature of humans.

Oh I remember those days, I found it painful as hell but at $2 I loaded up with more BTC than I ever imagined I'd have.

mannn~you have any of those left? Grin

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: Vycid on November 20, 2013, 10:15:15 AM

Quote from: San1ty on November 20, 2013, 10:13:56 AM

I find it strange that bitstamp is so close to gox now. There used to be a 100 points gap. What changed?

Seventh circle of hell opened up, we're going to $2. At least that's what I gathered from the last few pages

Wink

I'm very tired and should not be trading this much money

tl;dr I slept, you should too. If I had to *speculate*: We are prolly goin to 290-320 in the next 5-20 hours, with one more peak up to 400 something (300 to 450 is +50% yo); if that works out, then maybe a long pitiful drop (sideways noise) to that same low in a month or 3.

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: Vycid on November 20, 2013, 10:15:15 AM

Quote from: San1ty on November 20, 2013, 10:13:56 AM

I find it strange that bitstamp is so close to gox now. There used to be a 100 points gap. What changed?

Seventh circle of hell opened up, we're going to $2. At least that's what I gathered from the last few pages

Wink

I'm very tired and should not be trading this much money

Haha

. Yeah this thread is fun to read!
Me too, I'd like to decide and position myself and then look away for a couple of hours.

Still feels bearish to me.

herzmeister

legendary

Activity: 1764

Merit: 1007

Quote from: CryptStorm on November 20, 2013, 10:15:41 AM

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

The wise trader these days will always cover subordinate-rated asset pools.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: herzmeister on November 20, 2013, 10:10:45 AM

Lower-classed systemic risks: in high-yield markets, be sure not to restructure them.

Say this again, but this time could you pretend you're talking to a smart 6 year old, please?

(or: How would one errantly restructure a lower-classed systemic risk, if I got that right)

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: San1ty on November 20, 2013, 10:13:56 AM

I find it strange that bitstamp is so close to gox now. There used to be a 100 points gap. What changed?

Seventh circle of hell opened up, we're going to $2. At least that's what I gathered from the last few pages

Wink

I'm very tired and should not be trading this much money

San1ty

sr. member

Activity: 462

Merit: 250

I find it strange that bitstamp is so close to gox now. There used to be a 100 points gap. What changed?

lemonte

hero member

Activity: 624

Merit: 502

Quote from: Nightowlace on November 20, 2013, 10:10:17 AM

I believe BTC should be in the $150 range. There is nothing to support any higher of a price.

What makes you say that?

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: N12 on November 20, 2013, 10:05:46 AM

My intention is to warn you guys to practice proper risk management because inevitably, even with a small investment, your Bitcoin allocation will be the main source of your wealth. Marginal utility of wealth dictates that it's more important to secure your first million than to make another.

I've seen it go down from 32 to 2 and it was a really bullish environment too until about 14. Don't fool yourself thinking it can't happen again today. That's just the nature of humans.

+1
I, for one, gotta say thanks for this comment, Blitz. I'm new to this forum but really appreciate your comments here-- I know that I certainly have ridiculously risky appetite, despite a fairly good knowledge (for a non-pro trader) of position sizing and risk allocation. Do I properly size my positions, do I use a trailing stop, do I take profits appropriately, and cut losses every time? Certainly, I feel like these are my weakest areas. Finding BTC is probably the hard part. Now that I'm here, I should really exert those controls and be patient.

Do you have any more suggestions on/about BTC risk management? (excuse me, as I haven't read back through the last 20 pps)

Cheers!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31934. (Read 26730982 times)