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Title: I'm not ashamed to admit... Post by: San1ty on April 11, 2013, 09:20:26 AM I got hit with a 10% loss yesterday...
I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold. I would have sold at $215, but my exchange was down for the entire ride ($260 - $110). I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull... All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100. I will join the support at $100 as I think we should not be going back to double digits at this point. Best of luck and congrats to those that could sell at a descent price yesterday! Title: Re: I'm not ashamed to admit... Post by: essem on April 11, 2013, 09:25:38 AM I got hit with a 10% loss yesterday... I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold. I would have sold at $215, but my exchange was down for the entire ride ($260 - $110). I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull... All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100. I will join the support at $100 as I think we should not be going back to double digits at this point. Best of luck and congrats to those that could sell at a descent price yesterday! That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? Title: Re: I'm not ashamed to admit... Post by: San1ty on April 11, 2013, 09:30:38 AM I got hit with a 10% loss yesterday... I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold. I would have sold at $215, but my exchange was down for the entire ride ($260 - $110). I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull... All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100. I will join the support at $100 as I think we should not be going back to double digits at this point. Best of luck and congrats to those that could sell at a descent price yesterday! That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? Credits go to blackreplica who posted this image earlier: http://i246.photobucket.com/albums/gg82/blackreplica/Screenshot2013-04-11at152948_zps71a1692b.png Since January you have a pretty nice trend line supporting a $100 price at the current time. Title: Re: I'm not ashamed to admit... Post by: Newscastix on April 11, 2013, 09:31:42 AM Well... i didn't sell a single satoshi....
Did i take a hit or no? ??? ;D Title: Re: I'm not ashamed to admit... Post by: essem on April 11, 2013, 09:32:04 AM Interesting chart
Title: Re: I'm not ashamed to admit... Post by: blackreplica on April 11, 2013, 09:36:35 AM Thank you for the credit on my chart. Now that we've dropped below 180 IMO we have broken support and may fall further to our next support at $100. I'll update my original thread
Title: Re: I'm not ashamed to admit... Post by: San1ty on April 11, 2013, 09:38:32 AM Nevermind my INSANE paint skills:
http://oi49.tinypic.com/21decf8.jpg If we break below the the price at my arrow me might see another drop (Do not know how strong). Title: Re: I'm not ashamed to admit... Post by: Rampion on April 11, 2013, 09:45:39 AM I got hit with a 10% loss yesterday... I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold. I would have sold at $215, but my exchange was down for the entire ride ($260 - $110). I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull... All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100. I will join the support at $100 as I think we should not be going back to double digits at this point. Best of luck and congrats to those that could sell at a descent price yesterday! That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? I would say that the majority of people in here bought well below $50 so no hit taken. Don't forget that just a couple of months back we were below $20, and a LOT of bitcoiners are in this for the long haul. More than taking a hit, I would bet that the majority of speculation subforum posters have profited for the swing back, buying back lower than they sold, increasing their BTC holding while taking some fiat profits. Title: Re: I'm not ashamed to admit... Post by: San1ty on April 11, 2013, 09:50:05 AM I got hit with a 10% loss yesterday... I have my personal rules on when to get in and when to get out and for a 20% drop is a selling threshold. I would have sold at $215, but my exchange was down for the entire ride ($260 - $110). I don't think there was anything I could have done differently besides not buying above $200 (I also bought a couple at prices $70-80-150), knowing a correction was coming sooner then later. I was a blind bull... All in all I don't think this is over yet! The triangle that has formed now will soon break and it will continue the downwards trend to about $100. I will join the support at $100 as I think we should not be going back to double digits at this point. Best of luck and congrats to those that could sell at a descent price yesterday! That's fine, the majority of people here took a hit but would never admit it because they fear tarnishing their username! What will trigger your buy at $100? I would say that the majority of people in here bought well below $50 so no hit taken. Don't forget that just a couple of months back we were below $20, and a LOT of bitcoiners are in this for the long haul. More than taking a hit, I would bet that the majority of speculation subforum posters have profited for the swing back, buying back lower than they sold, increasing their BTC holding while taking some fiat profits. You are correct, I bought most at $70-80 and I would have been fine if it wasn't for those overconfident buys at 200. The minority of BTC owners will have suffered a loss with yesterdays events, I was in late and got punished. Title: Re: I'm not ashamed to admit... Post by: wopwop on April 11, 2013, 09:57:49 AM Title: Re: I'm not ashamed to admit... Post by: San1ty on April 11, 2013, 10:11:18 AM Gratz :)! I think we are heading for a continuation of the correction. So more power to you! Title: Re: I'm not ashamed to admit... Post by: ruski on April 11, 2013, 10:12:42 AM Gratz :)! I think we are heading for a continuation of the correction. So more power to you! You should probably have a look here (https://bitcointalk.org/index.php?topic=173178.0) for a good laugh before you congratulate him. Title: Re: I'm not ashamed to admit... Post by: someguy123 on April 11, 2013, 10:13:39 AM Well because I suck at trading, I lost 50% from stupid moves. (went from $800 to $500)
Title: Re: I'm not ashamed to admit... Post by: San1ty on April 11, 2013, 10:22:55 AM Gratz :)! I think we are heading for a continuation of the correction. So more power to you! You should probably have a look here (https://bitcointalk.org/index.php?topic=173178.0) for a good laugh before you congratulate him. Maybe he did win, maybe he didn't. I don't really care to be honest. I only care about my own mistake and how I can do better next time. CBA to get trolled. :) Title: Re: I'm not ashamed to admit... Post by: wopwop on April 11, 2013, 10:23:03 AM Gratz :)! I think we are heading for a continuation of the correction. So more power to you! You should probably have a look here (https://bitcointalk.org/index.php?topic=173178.0) for a good laugh before you congratulate him. you played the game better than me, you should be the one trolling people here with ss's about your sells instead of me since you pwned more losers than me that bought high :D Title: Re: I'm not ashamed to admit... Post by: ruski on April 11, 2013, 10:24:13 AM Ruski why are you so butthurt? DOn't you have like 400.000$ AUD , I saw your ss on some other topic here few days ago I'm not butthurt, I'm cracking up at your horrible fakes. Title: Re: I'm not ashamed to admit... Post by: wopwop on April 11, 2013, 10:25:48 AM Ruski why are you so butthurt? DOn't you have like 400.000$ AUD , I saw your ss on some other topic here few days ago I'm not butthurt, I'm cracking up at your horrible fakes. enjoy it either way is fine by me :) Title: Re: I'm not ashamed to admit... Post by: Rampion on April 11, 2013, 11:17:10 AM Well because I suck at trading, I lost 50% from stupid moves. (went from $800 to $500) don't trade, then: buy and hold. |
