MatTheCat (OP)
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November 08, 2015, 09:55:27 AM |
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Having recently rekindled my interest in Bitcoin tarding, I had another Bitcoin dream last night.
The gist of it was, Bitcoin shooting off like a rocket, basically. It was accompanied by a live News Broadcast, who were covering the event as though it were an election. I got excited and checked the Bitcoin charts, which were either down, or just the same (the number was $325, but it felt like 'just the same' and I never pay attention to exact details in dreams)......There was a large target board on the TV show, with the Bitcoin spot price being represented by a round blob in the middle, just then the blob started growin, spilling over the target zones, and then the whole blob shot off the target altogether!
The rest of the dream consisted of mee faffing around trying to get into my Bitcoin exchange accounts, but not being able to. This felt a bit like the opposite of those dreams you have (when you are a kid), of houses going on fire and you not being able to move. However, this may reflect a very vry bad experience I had with leveraged trading on Kraken during the the recent bull run up.......
........I was long Bitcoin from $220 (in real life now) from way back in June 2015, and held through the $325 - $190 correction. So this time around, I decided to be a smart dick and took profits, and we wll knew what happend next. Eyeing up all the missed profits, and feeling certain that Bitcoin was going to overshoot all expectations, I decided to recooperate my lost profits, by taking a leverlaged long on Kraken. I was doing well, very well, and then the market started to correct heavily, so I panic market sold my leveraged position, and still had about 80% of total profits at the time of doing so, Great! Aha, but then I noticed on my Kraken account, that I was still holding my position! You see, the default option on Kraken is Limit Order, and when you click the tab for 'Market Order', the form only goes and fucking wipes the total amount of Bitcoins that you want to sell. So I thought I was good, I thought I was heavily in the green, but I wasn't! The order I thought I had made to sell 27 Bitcoins, was actually an order to sell 0 bitcoins, thanks to Kraken's quirky little method of wiping the form when you click on different tabs. I then panic sold fearing that my whole account may be margin called, and took a loss.
I was bullish on Bitcoin, prior to, and during the recent parabolic rise, and I took a loss!
As this thread indicates, I was generally bearish on Bitcoin practically right from the double top down, shorted Bitcoin all over the shop, yet still managed to lose money.
I look forward to losing yet more money, being bullish, and taking long positions, as Bitcoin starts to shoot back up. I am genuinely interested to see what other ways I can conspire to turn $1000s of profits into a big barrel of piss that I pour over my own head.......I will probably have a whimsical change of sentiment, and go short the moment before a parabolic move up, then try and make up for it by going leveraged long, right before a brutal correction (yeah, I done this before, but the other way around).
I am a diabolically fucking shite trader, but a proven sage of Bitcoin!
The sage has spoken!
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