Bitcoin Forum

 ;D Well, I've been studying on how to make money with trading and this morning I made my first trade. I had just received my order from coinbase, which I purchased 4 days ago at 448, and went to bitfinex and sold them all for 532. Thats an 18% gain. Albeit was only .05BTC, 18% is good return for 4 days.
I then noticed that LTC was down so I bought .5LTC with hopes that it will bounce back soon.
Im working on my strategy with my original 22$ to see if i can grow it to 44$. Once Im confident in my methods, I will up the stakes to a more substantial amount.
Im now waiting for at least 8 to 18 % fluctuations to buy and sell.
If anyone knows of a good tutorial about how to short sell, please give me a link.

I also want some newbie tips on trading.

But it seems like you held on the coins for a bit, before you sold them? I`m pretty to new at this, but it sounds like you are day trading? or no.

If you are looking into day trading, dont bother. 90% lose money.

I`m sure it looks attractive to do, but its better to sell something on here then to day trade. The timing in the market are too volatile and theres other ways to make $$.

Well,  day trading can be successful, if you act on the majority's emotions and not your own, which is why I am keeping my investment level at a minimum until I gain more knowledge and confidence.  I can risk 100% of my investment today and only be out 20$.(I am dust, as this kind of trading is called)
Chris Dunn has some good stuff on his youtube channel.
I admittedly have little knowledge, but I won't buy or sell less than a 10-20% drop or gain. For instance, LTC was down quite a bit today, so I bought .5LTC and will sit on it until it reaches 13.2 $ then will sell it. I won't buy any more bitcoin for over 480, unless I suspect that it is on a lasting uptick that will last until it makes a 10 to 20% gain.  And if I do buy and it drops, i'll just hold the bag until it rises again.  I'll never invest an amount of money that would trigger panic if I see it dropping.

But.... what do I know, I'm calling it dumb luck until I can establish a pattern of success.

Fatguy, what other ways are you speaking of?
I'm running a new website, and I have a faucet which earns on the solvemedia capture. I think I have my rewards set up, so that it alone will support the funds, and hopefully, a hit on the page ads will be a bonus.
I also am setting up an ebay type auction area which will take whatever coin the seller wants to accept. you can have a look at auction.bitcoinmegamart.com
I'm thinking that people can even sell the coins themselves for USD if they choose, with the buy it now option.

How do you short sell?  Buy low, sell high ::)
Most people find it extremely difficult to make a sustainable profit with day trading... but if you don't, congratz and good luck :)

congrats, but be carefull with this  ;)

A lot of people throw around the "90% of traders lose" phrase -- actually should be 80% I think since it is based on Pareto. And it makes sense if you think of the historical trade range as static. But I highly doubt this is true for BTC, since it is on a long term bull cycle that has never fallen below previous cycle highs

monbox, there is a technique, called selling short that allows you to actually borrow bitcoin and sell it when the price is high, and then buy it back when the price drops, then repay the coins plus interest. It is much riskier than a simple exchange, and I don't plan on attempting it until I am much more educated on the strategy.  ???
so I guess it's sell high and pray like hell it drops before the interest eats up any gain.

Im guessing you already knew this, seeing you are a senior member.
 :o

thats not true at all.
if you have experience with trading you can profit in any market. to an extent at all.

False. Even the most knowledgeable traders on Wall Street don't always turn a profit. You can't always know what's going to happen. You can guess and you can analyze, and while you may be right a lot of the time, you won't be every time. This is why spreading yourself out across multiple mediums is important. If you screw up on one, the chances are the rest will make up for it.

Don't be so confident I would say you got only lucky and that's all you just bought on the price jump  and It was the best to invest into bitcoins as In the last 4-5 days bitcoin went from $450 to $570 that's a huge $120 growth so someone made nice money.

Congratulations on the successful trade. Remember not to risk more than you can lose.

i'm getting in to btc right now as well hope i don't miss the bubble

You're a few days too late.

Not if you're in it for the long term

congrates  Brother 8)

Here is a link for you - http://en.tradimo.com/learn/forex-trading/bitcoins/

And you should have waited for another week, you could have gained a lot more profit ;D

Congrats!
Trading is a lot like gambling..i never was so brave to spend some coins trading..then i decided to give it a try after a long reading and the shits from cryptsy somehow locked my account when i tried to withdraw and this was the end.Cryptsy is the shitiest exchange and anybody who is saying the opposite is a shit too. Sorry, no offence

BR

Thanks for the input everyone.
This has been a good learning experience,
I had a ride saturday morning when the price started climbing. I bought back in at 540 and sold again after after 575.
It was up to 585, and I saw it start to drop so I jumped back out.
REMEMBER, this is just a learning experience with 22 dollars(dust). Iv'e lost enough in Atlantic City in my youth to know about gambling money you need for stuff like gas to get home. :D
I put the money in my deposit wallet and someone grabbed it for a swap trade. Not really what I had intended, but I should make a little more on the interest from that. Bitfinex requires 100$ in deposits, unless you offer 10 in the swap area. As long as you click autorenewal for swaps you can trade small amounts, for some reason, you don't need to put the money in the deposit wallet to get started, but once you put it in, it can be grabbed by the system for 30 days.
Im up over 20% for that  initial plop.

I also gained enough confidence in the future of BTC, that I bought 0.1 bitcoin at 569 from coinbase, which I will have to wait 4 days to recieve. 6/2
I'm hoping to enjoy watching bitcoin continue to value.  

What I have noticed is that the only time bitcoin value really suffers is when a gov't tries to control it or an exchange screws up. I have joined 4 or 5 and a couple of them are not as secure feeling as others.

I have lots of faith in the coin, not so much faith in the moneychangers at the temples.

Here is another strategy I'm considering.
Altcoins
If someone were to just buy 100 to 300 of as many altcoins which are debuting or getting re-established, or starting to look like they may get off the ground floor, eventually and hopefully, one of these coins is going to make considerable value increases.
I got my head turned by StabilityShares while perusing the forums, and even though I didn't fully understand what I read, everyone else in the thread seemed to think it was worth a second look.  I decided that this would be a good altcoin to learn with because, of the positive feedback  it was receiving.
I picked up 3 coins with some satoshis i had from the faucets, then I earned 50 coins by publishing an article about the coin. Then I dropped 3$ of what I had made on the bitcoin sale and now I have 303 whole coins.
I'm also making one on my computer.
Yeah, I know Im making one.
I have no hardware.
 But if this coin even goes to a value of 50 cents, thats a hell of a take on such a small plop.
I bought 75 doges with faucet satoshis too.
If you bought let's say 100 coins of 100 alts, and set your price to 1cent, it's a 100 dollar stake.
If 1 coin can climb to ten cents, you get your stake back.
anybody try this or similar method?

I put a ticker on the site tonight, and I said damn, is that right? I clicked over see bitfinex and got this page.
 ;D   ??? :o
Is this a common experience?
As someone not interested in selling, I wasn't mad about seeing it. But if I needed to sell I would be PIIISSSED!
http://bitcoinmegamart.com/Screenshot.png

This is the first time I've seen the site under a heavy load like that, so I'd say it's not too common. You probably tried to hit it at exactly the wrong moment.