Thanks everyone for your comments. I have never traded before so thanks a ton for your thoughts. Can you please elaborate on why timing may be such an issue?

Here's what I was planning on doing in BTC-e. Not yet clear on why this is a challenge. Thats where I need your help.

Strategy:

Observing the current prices buying at $800 / btc seems like a good entry point. To do this I would place a limit order at $800
Then I would place a sell order at any price above $825 (limit sell order)

What should I be careful about? Does BTC-e accept limit orders?

The bitcoin prices on BTC-E seem to range from approximately $800 - $840 for the past week or so. I was wondering if the below strategy seemed reasonable when the goal is to make small profits (more BTC / $) every day.


Strategy: Make small profits every day ($10)

e.g. Buy @$815 & sell at $825 (Hopefully repeat this twice a day). Stop loss trades will of course be put at appropriate levels.

Does this strategy seem reasonable?

Appreciate any comments or thoughts