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Author Topic: If I was US trader  (Read 1824 times)
Oldminer
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July 11, 2011, 08:43:57 PM
 #1

1.  What I would do is transfer money to the exchange
2.  Dont trade until weekend when I can buy cheap
3.  ....
4.  Profit?
5   No?

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July 11, 2011, 09:24:15 PM
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NO

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Oldminer
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July 11, 2011, 09:27:41 PM
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NO

Lol

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July 11, 2011, 09:31:12 PM
 #4

It seems pretty easy, right? I mean, you look back at the chart and there's this low point when you could have bought and there's this high point when you could have sold. The thing is, it's a lot harder to find the high point and the low point when you can't look to the right on the chart. There's no little bell that goes off when you hit the top or the bottom.

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July 11, 2011, 09:49:03 PM
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there is a bell if you have the btc price monitor from the android market

and if you really want to make money from this kind of trading you can but you have to buy in bulk and set your sell orders up in advance so when the price peaks you are first in line

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dalamchops
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July 11, 2011, 10:25:31 PM
 #6

price didn't really drop last wkend....
DonnyCMU
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July 12, 2011, 02:38:39 PM
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yeah... Did that last weekend and lost money.
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July 12, 2011, 04:33:11 PM
 #8

there is a bell if you have the btc price monitor from the android market
No, there isn't. It shows you if the price has gone up or down in the past, but it can't tell you if it will continue to go up or down.
FreeJAC
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July 12, 2011, 07:25:57 PM
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yeah... Did that last weekend and lost money.


Why would you sell for a loss instead of just hold and wait for a more favorable price?

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CurbsideProphet
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July 12, 2011, 08:00:28 PM
 #10

yeah... Did that last weekend and lost money.


Why would you sell for a loss instead of just hold and wait for a more favorable price?

He probably assumed he would not get a more favorable price.  There is no guarantee that BTC will only appreciate in value.

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July 13, 2011, 03:47:53 AM
 #11

there is a bell if you have the btc price monitor from the android market

and if you really want to make money from this kind of trading you can but you have to buy in bulk and set your sell orders up in advance so when the price peaks you are first in line

Setting up early only matters for an exact tie. Makes much more sense to undercut by .00001 than to make sure to get your order in days early.

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abednego
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July 13, 2011, 04:57:33 PM
 #12

Trading is buying low, selling high... and never being too cocky.

Thinking that you have the market figured out is being cocky.  You'll bet the farm on your theory only to lose it all when a statistical deviation from that theory arises.

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Leon
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July 13, 2011, 07:03:42 PM
 #13

1.  What I would do is transfer money to the exchange
2.  Dont trade until weekend when I can buy cheap
3.  ....
4.  Profit?
5   No?
Try it..... Lol

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bitbot
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July 13, 2011, 07:48:48 PM
 #14

there is a bell if you have the btc price monitor from the android market
No, there isn't. It shows you if the price has gone up or down in the past, but it can't tell you if it will continue to go up or down.
of course not moron
but there is an alert when it reaches a low or high price that you set
you can have a good idea of where the price is going if you know how to use the program

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Ellen Alemany
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July 14, 2011, 02:20:14 AM
 #15

there is a bell if you have the btc price monitor from the android market
No, there isn't. It shows you if the price has gone up or down in the past, but it can't tell you if it will continue to go up or down.
of course not moron
but there is an alert when it reaches a low or high price that you set
you can have a good idea of where the price is going if you know how to use the program

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