TIME TO BUY! Parabolic SAR just flipped the side

[notme]

Whoever pays 0.6% gox commision isn't really going to cut it yes.

But duh!

If you manage to trade a $50 million a month and have the lowest fee, you still need a 58% success rate to break even.  (Assuming a tight stop, which Gox doesn't provide and that connection issues at times of high volume can fuck up if you have a script to do it for you).

The solution is not to mtgox.

Bitstamp has similar fees.

[1714127531]

1714127531

[vokain]

these people trying to make money off wiggles should just look into being a local btc dealer :p

[ElectricMucus]

Whoever pays 0.6% gox commision isn't really going to cut it yes.

But duh!

If you manage to trade a $50 million a month and have the lowest fee, you still need a 58% success rate to break even.  (Assuming a tight stop, which Gox doesn't provide and that connection issues at times of high volume can fuck up if you have a script to do it for you).

The solution is not to mtgox.

Bitstamp has similar fees.

That's why I love btc-e.

[Tzupy]

Since some post were about me, let me clarify some aspects: I can make a decent profit if there's at least 3% difference between two local
minimums / maximums, considering a 0.8% (2x 0.4%) commission and adequate volume (which has been a problem lately on Gox).
But my biggest problem is catching the peaks and bottoms while I am not sleeping, because guessing the precise values for the peaks and
bottoms is bloody difficult for me (to place an order overnight). I moved to Gox from Bitstamp because of the higher volumes, but in the
meantime that advantage of Gox has diminished. I also can't do delayed arbitrage anymore (obviously), so I might move back to Bitstamp.
It was easy to reach their 0.5% (2x 0.25%) commission, on Gox to reach 0.6% (2x 0.3%) I'd have to almost double my trades, can't do that yet.

[vokain]

to each their own!

[notme]

Since some post were about me, let me clarify some aspects: I can make a decent profit if there's at least 3% difference between two local
minimums / maximums, considering a 0.8% (2x 0.4%) commission and adequate volume (which has been a problem lately on Gox).
But my biggest problem is catching the peaks and bottoms while I am not sleeping, because guessing the precise values for the peaks and
bottoms is bloody difficult for me (to place an order overnight). I moved to Gox from Bitstamp because of the higher volumes, but in the
meantime that advantage of Gox has diminished. I also can't do delayed arbitrage anymore (obviously), so I might move back to Bitstamp.
It was easy to reach their 0.5% (2x 0.25%) commission, on Gox to reach 0.6% (2x 0.3%) I'd have to almost double my trades, can't do that yet.

Short term trading would be much easier if we didn't need sleep.  But in light of the reality of my human form, and the fact I don't want to spend all day on the computer, I trade on longer time frames .