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Title: Can you daytrade Bitcoins like you daytrade stocks? Post by: calista on June 30, 2011, 12:28:55 PM holding no position overnight so that every day is a fresh start?
Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: sirky on June 30, 2011, 12:29:56 PM It's a completely unregulated market, so you can do whatever you want.
Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: PiGames on June 30, 2011, 12:40:23 PM You can. But the commissions on the trades make it very hard to 'actively' day trade without a huge margin. If you skip the exchange it'll be easier. But that's more the deal with.
I thought about playing the market a bit with an extra 5k$ I had. But after doing the math. It's not worth my time. And the downward volatility isn't worth the risk. The price seems to have found an upward bounds (~$17). Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: anthony.selby on June 30, 2011, 12:45:07 PM I do it ... But with the markets not moving very much ... It really makes it hard to overcome the commission .... so far I'm up 6%
Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: FreeMoney on June 30, 2011, 12:46:03 PM The price seems to have found an upward bounds (~$17). What's that mean? You want to sell a bunch of $17.25 calls to me cheap? Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: NO_SLAVE on June 30, 2011, 02:14:26 PM NO, Volume is too low. A Majority of tiny players.
No significant size can be moved, thus no significant profits. -long time trader in many markets. Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: evileric on June 30, 2011, 04:01:24 PM There are a few options markets now, any recomendations or comparisons?
Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: geek-trader on June 30, 2011, 05:06:48 PM I put $100 to day trade for fun. I am up to ..... about $100. So no profit. :( It's been fun, tho. These last few days have been dull because of little price movement.
However, I had a trade nullified by the MtGox rollback, so I have no trade fees for the next month. .001 profit here I come! ;D Title: Re: Can you daytrade Bitcoins like you daytrade stocks? Post by: DamienBlack on June 30, 2011, 05:11:40 PM There are a few options markets now, any recomendations or comparisons? Bitcoin options? The only place I know of is bitoption.org, and their volume is really, really low right now. |