The philosophy of buying when others panic sell...

[traderCJ]

FYI: I exit unprofitable positions immediately.

Holy smokes he's a pro trader!

[Soliloguy]

As much as I try to plot and plan, I almost never do better than buy-and-hold. But that's probably just because this is a freak of a market.

[ElectricMucus]

FYI: I exit unprofitable positions immediately.

Holy smokes he's a pro trader!

I'm not really good at it. Other people have satoshi dice, I have btc-e (I can't really use anything else others charge too much fees)

[KARHU]

Believers in the Bull who do not pay their due to me will always pay their dues when their faith waivers, I assure you, you will pay your dues to me. When your losses exceed 50, 60, 70, 80 % you will not be able to refuse the irresistible draw of Oski!

The sooner you worship me, the less you will lose mortal.

[shmadz]

This is the moment all buyers wait for.

Don't kid yourself.

That panic selling sweet spot is much lower down than this.

Mat! Long time no see!

Are you feeling better these days? more importantly sleeping better?

*edit*

I guess I should at least address the original post since I'm crapping in his thread trying to catch up with an old friend (not really, but I do value MatTheCat's contributions)

So my "The philosophy of buying when others panic sell..." is that I am a crap trader.

The only way I have been able to consistently increase my btc position has been to simply set a tranche on either side of the price and hope for volatility, (last couple days been very nice I just make sure that I have my tranches set deep enough to account for whatever occurance. For example lower tranche ends at 288, upper tranche to 4000. worst case outcome is I get cleaned out on either side, If I get cleaned out on the top side, oh well, I cash out a tidy sum. I get cleaned out on the low side, now I've got a ton of coins, but they might be worthless. Oh well, it's been fun, just wait and see if it recovers (lesson learned from that crash after the 32 spike.)