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Author Topic: Don't daytrade...  (Read 819 times)
ehoffman
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March 19, 2013, 12:18:06 AM
 #1

Too tempting, but even if it goes back under 50, don't worry.  The like has been broken now.  It can easily be crossed both ways now.  Can only go up from here on short term!

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Newscastix
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March 19, 2013, 12:22:39 AM
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+1... daytrading this can be very dangerous now... anything can happen now that 50 is breached...

the only thing i would do maybe is buy on bad news... if there is a nice spike downwards.
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March 19, 2013, 12:40:04 AM
 #3

I always keep a few BTC queued up for major swings around the stable price. BTC price swings a lot.

Sold 3 on the upswing, top one at $52.40

Waiting to see where it evens out to place my next swing orders.

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March 19, 2013, 12:55:28 AM
 #4

Now (the pull-back) looks like a great time to buy.

Unless you need to realise profits, selling more than a fraction of your holdings is risky and a bit pointless.

But ultimately you've got to thank the day traders. Their sold bitcoins are in my wallet now.

ehoffman
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March 19, 2013, 01:11:56 AM
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Hehehe Cheesy  I think the spike we got is due to a lot of stop orders buying if price pass 50$.

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March 19, 2013, 01:22:12 AM
 #6

Don't daytrade It's like running after trains holding fists full of fiat,

buy in- sit back and relax while your money works for you.  Grin

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