[Disclaimer:]

Disclaimer: I am currently 25% BTC, 75% $

A bull trap occurs when you get a bullish signal on a stock only to watch that stock fall further and further down. When a situation like this happens it is important to remember not to fight it. Don’t put more money into a losing position trying to force it to go back up, (unless you have several billions of dollars of play money of course.)

Every investor and trader will get caught on the wrong side of a trade from time to time no matter how good of a trader they are. You can lessen how often it will happen by looking at things like trends, and fundamentals of a company. But nothing can eliminate bad trades altogether.
So, what do you do when you’re caught in the middle of a trap? The most important thing to do is to cut your losses short. The smaller your losses are when you are wrong the less they will affect your account.

The way to succeed trading the stock market is not to never make mistakes and always pick good stocks. We will all make mistakes from time to time we are not perfect and the signals that we trade off of are not perfect either.

The secret of making money in the long term as a trader is to make sure your losses are small and your winners are huge. If you get into a stock that heads down you can always cut your losses short and move onto the next trade. If you keep your losses short you do not need to win big on the next trade in order to come back from it.

If you do not get out of a bad trade early or even add to the bad trade it can drastically increase your loss for the stock. This means your next winner will have to be huge just to make up for the previous loss, and if you want to be profitable overall your winners have to be that much bigger.

Something my dad always taught me is when you are digging yourself in a whole; the first thing to do is to stop digging. It is the same when trading stocks. If you are losing money on a bull trap the first thing you should do is to stop putting money into that stock.

That is why it is considered a buy signal when a stock is at support. If a stock breaks support it is likely that it will continue to go lower and it is time to get out of that position. In other words by buying at support or close to it you can easily exit with a small loss if the stock breaks lower, and let it run if it continues to go up and make higher highs.

It is impossible to predict exactly what will happen next, regardless of what method you use. So reacting and preparing for all possible situations is essential to making a decent return.

I'm retiring from speculation. It was fun, but in the end you always lose on the short-game.

That said I am officially joining the "long-haul club". I decided I would turn 99% of my coins to cash now and enjoy the profits.

The remaining 1% have been ordered as physical coins which I will store until I can either buy a house with them or they become worthless.

I love Bitcoin, but at the end of the day speculation is too close to gambling for comfort.

fixed. damn you satoshidice.

merica

https://bitcointalk.org/index.php?topic=145506.msg1618160#msg1618160

hot pockets

Curious to see if there are any newbies from Cyprus knocking around after the recent bank fiasco?

[NO]

So you may have heard about Erlibird. It's a site where tech startups look to get early adopters and receive feedback to help improve their site.

I have been a member since the site was new and so far have seen NO startups that accept Bitcoin.

The key thing here is that the people that are making the startups also use the site as well, so if we can get some sites on there that are accepting Bitcoin it will have a snowball effect and more will start using it.

Game plan

1. Make an account on Erlibird.
2. Leave feedback on startups that take payments requesting that they accept Bitcoin.
3. If you have a tech startup that accepts Bitcoin, get it on there! You will benefit from an influx of new users and help promote Bitcoin to the very people we want it promoted to!

Just watch TV.

Almost every ad, tv program, news report, some asshole says "like us on facebook", "follow us on twitter", "check out our myspace" (lol).

Or they just shove the facebook or twitter logo in their advert and everybody knows what that means.

We need Bitcoin to be that simple.

So easy that you can ask for payment in a single stupid sentence.

"Pay us with Bitcoin", and simply by saying that you can search for whoever that is in some database somewhere (a la facebook, twitter) and pay them easily.

Basically, we need a layer of abstraction away from the Bitcoin address system currently in place.

Somewhere in Tokyo is an office. The MtGox office.

What would happen in the event a criminal gang decides the raid it?

I'm sure wallets and such are backed up. The website itself is hosted remotely. Still, the damage would be immense.

How come there is still no Japanese section on this forum?

me

Looking to buy North Korean Won. Does anybody have any to sell, or advice on how to get hold of it?

.