Frozenlock
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May 05, 2013, 08:19:48 PM |
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My system is to buy back with 1% clear profit on every deal. Even if more can be had, at this stage I am only interested in establishing trading rules so I can safely trade 2000 at a time.
Do you cut your losses as fast as you cut your profits?
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oroboras
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May 05, 2013, 08:25:50 PM |
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Well, I am aiming for 3% clear increase in BTC volume per day - it compounds quite quickly, without being TOO hard to achieve, but my last 3 buy-ins were literally *just* before hard market drops, so I have failed this week, completely - hence why I need a 120 peak, followed by a drop to around 110 to get a good outcome. (I'll still be around 7BTC short of this weekends target) It hasn't stopped me fighting though!
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Odalv
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May 05, 2013, 08:28:18 PM |
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Well, I am aiming for 3% clear increase in BTC volume per day - it compounds quite quickly, without being TOO hard to achieve, but my last 3 buy-ins were literally *just* before hard market drops, so I have failed this week, completely - hence why I need a 120 peak, followed by a drop to around 110 to get a good outcome. (I'll still be around 7BTC short of this weekends target) It hasn't stopped me fighting though!
good luck (EDIT prepare for big losses)
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oroboras
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May 05, 2013, 08:31:02 PM |
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Thanks! Following things in this thread has given me a better insight into the overall market movements, so I am now able to predict trends slightly better now - but I think it'll take me a long time to perfect things - if I ever manage it.
EDIT: Oh, I am already prepared for those - I've had enough already XD
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telemaco
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May 05, 2013, 08:32:06 PM |
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i was planning to watch scary movie 5 (i know it might be bad as hell but son likes it) but i think the scary movie is coming here soon
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Frozenlock
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May 05, 2013, 08:34:10 PM |
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so I am now able to predict trends slightly better now
![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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ineededausername
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May 05, 2013, 08:35:59 PM |
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I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Don't think so. Anyhow, your prediction skills are state of the art, man. Thanks. Wonder I have any bitcoins left... ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) rpietila, perhaps you should stick to arbitrage ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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Odalv
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May 05, 2013, 08:37:43 PM |
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Thanks! Following things in this thread has given me a better insight into the overall market movements, so I am now able to predict trends slightly better now - but I think it'll take me a long time to perfect things - if I ever manage it.
EDIT: Oh, I am already prepared for those - I've had enough already XD
I'm not a trader. But Bitcoin teach me alot. It took me 4 months until found "winning" strategy.
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Hawker
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May 05, 2013, 08:40:26 PM |
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My system is to buy back with 1% clear profit on every deal. Even if more can be had, at this stage I am only interested in establishing trading rules so I can safely trade 2000 at a time.
Do you cut your losses as fast as you cut your profits? No - generally I get the timing right so I can afford to wait a day or so before cutting losses. The only really bad one was a sale at $92 made when I was afk for a few hours and the price rose to 105 or so before I got back. I had to wait 16 hours to get my bitcoins back and even then I paid $94. Luckily I was travelling at the time so I had the buy order left open and it was fulfilled when I got a chance to take a look.
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oroboras
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May 05, 2013, 08:50:15 PM |
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so I am now able to predict trends slightly better now
![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) I don't mean I am a sudden mastermind and perfect trader, but I understand more where I have been going wrong. I know I have a hell of a long way to go - if ever - before I understand it.
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Frozenlock
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May 05, 2013, 08:51:29 PM |
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MtGox must be really liking you guys. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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michaelGedi
Sr. Member
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May 05, 2013, 08:53:58 PM |
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try stay on topic please guys ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmilitary-knowledge.com.ua%2Fuploads%2Fposts%2F2012-02%2F1330248273_great_wall_china.jpg&t=665&c=Qh8pLnZlwUVHLw)
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SAQ
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May 05, 2013, 08:55:34 PM |
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Why is no one selling or buying 116 - 117 is boring me.
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Frozenlock
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May 05, 2013, 09:03:18 PM |
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Oh right, walls...
So, about the 2 millions wall, when is it going to be lifted?
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oroboras
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May 05, 2013, 09:05:25 PM |
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when the culprit has persuaded the market to go high enough for him to move it up more?
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Rampion
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May 05, 2013, 09:07:38 PM |
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I'd prefer it if they nudge the 120 wall first... I need to sell before I can buy.
I think that whoever is putting the wall at $110 is trying to get the price up to $120-$125 so he can get rid of the last dump of coins he bought at a higher price before the value started going down. We should see some movement as soon as we get to a new high point. ($120 or $125 or whatever it might be) - As the price rises to ~$119 he is going to move the wall from $110 to $115 in order to put even more buying pressure on the market, so that he can get the price over his desired value. It's not going to make it that far, though. People are becoming wise to the plan. The guy is probably going to get impatient soon if he's been waiting for the price to hit $120 all day long. He might dump his coins at $117 already. Btw. 2 and a half minutes of Goxic lag right now. Don't think this is happening. No way he is dumping his coins on a Sunday, I would wait until at least Monday, and I won't be surprised if the dump happens on Wednesday. On a weekday that wall has a real chance to trigger a rally. BTC market is really a joke, $2M usd and a few thousands coins are really enough to move the market at your will, I guess that's why we have so many traders posting how "fun" is BTC when compared to "real" stock markets and "mainstream" currency trading
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SAQ
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May 05, 2013, 09:08:00 PM |
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Wow that graph is soooooo nothings happening.
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michaelGedi
Sr. Member
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May 05, 2013, 09:23:16 PM |
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Oh right, walls...
So, about the 2 millions wall, when is it going to be lifted?
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Its About Sharing
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Antifragile
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May 05, 2013, 09:28:29 PM |
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try stay on topic please guys ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmilitary-knowledge.com.ua%2Fuploads%2Fposts%2F2012-02%2F1330248273_great_wall_china.jpg&t=665&c=Qh8pLnZlwUVHLw) I think China is going to be more of a large Vacuum than a wall. But no matter, they are going to suck up a lot of coins. Still got that big wall at $110 and smaller sell wall at $120. Both are huge though...
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zemario
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May 05, 2013, 09:33:34 PM |
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All this manipulation talk is getting boring/old.
Have you guys consider for a split second that somebody might really want to sell those coins?
I'm confused, if this is a manipulation attempt, then, when the manipulator places his selling order, will you guys also say it's a manipulation move? Or is it a legitimate sell? Also, all this work pushing the price up, then he, according you guys' manipulation theories, is able to sell at higher price. I hate to burst your bubbles, but if removes the wall there is no market depth to execute his selling orders at whatever prices he has been trying to push to.
Also, if you have more money than what is necessary to manipulate a market, then you can only go for peanuts anyway. Market manipulations usually have strategic/political goals behind. Sinking a small player, build or destroy confidence on an niche, media access, etc. Manipulating to capitalize doesn't really work, if you are the biggest player then you are the most affected by your manipulation.
Just my 2 cents.
That wall will either be consumed (even after a couple of moves) or the money will be thrown directly at executable prices driving the market up. I think the chances of it being just removed followed by a price drop, are low.
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