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Author Topic: Bitcoin Day trader rules !!!  (Read 1800 times)
AmunRa (OP)
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March 12, 2014, 05:54:58 PM
 #1

OK ..let's have some fun here..the atmosphere is depressing..LOL
I found these quotes inspiring - although they were coined by day traders for day traders ...they apply to Bitcoin trading as well !
Just read and think of the similarities Smiley
--------------------------------------------------------------------------------------------------------------------------------------
DAY TRADING QUOTE #1

"If you don't know what you are doing, doing nothing is better than doing you know what" - Trader Jack

DAY TRADING QUOTE #2

"Trade what you see, Not what you think"

DAY TRADING QUOTE #3

"Most traders take a good system and destroy it by trying to make it into a perfect system."

DAY TRADING QUOTE #4

"If you're going to panic, panic early."

DAY TRADING QUOTE #5

"If you look around the table and don't see a sucker, then you are the sucker."

DAY TRADING QUOTE #6

"If you find yourself in the bottom of a deep hole, the first thing to do is stop digging."

DAY TRADING QUOTE #7

"The system wasn't designed so that most people could beat it."

DAY TRADING QUOTE #8

"At all levels of play the secret of success lies not so much in playing well as in not playing badly."

DAY TRADING QUOTE #9

"The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can't do is give (people) the confidence to stick to those rules even when things are going bad." Richard Dennis, on Turtle Trading

DAY TRADING QUOTE #10

"The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill

DAY TRADING QUOTE #11

"Experienced traders control risk, inexperienced traders chase gains." -Alan Farley

DAY TRADING QUOTE #12

"The market can remain irrational longer than you can remain solvent" - John Maynard Keynes

DAY TRADING QUOTE #13

"My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen

DAY TRADING QUOTE #14

"We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start."

DAY TRADING QUOTE #15

"There are only 3 rules...Rule number 1:- Don't lose money. Rule number 2:- don't forget rule number 1. Rule number 3:- the only thing you should be holding overnight is your dick." Trader Jack

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seldon
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March 12, 2014, 05:58:09 PM
 #2

I personally go by these:
#1 it goes up
#2 it goes down
#3 it goes mostly up

From these derive:
#4 buy low sell high
#5 when in doubt long
AmunRa (OP)
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March 12, 2014, 06:07:49 PM
 #3

My fave is #12 Smiley

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billyjoeallen
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March 12, 2014, 06:12:41 PM
 #4

I personally go by these:
#1 it goes up
#2 it goes down
#3 it goes mostly up

From these derive:
#4 buy low sell high
#5 when in doubt long

+1

insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s



1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
akujin
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March 12, 2014, 08:50:35 PM
 #5

#16
Improve trolling skills to maximize profit


 Grin Grin Grin

BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
MikyMouse
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March 14, 2014, 02:49:43 PM
 #6

just found this:

if you let the market make you feel high or low, you will lose money - Dr. Alexander Elder
LostDutchman
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March 14, 2014, 02:53:41 PM
 #7

OK ..let's have some fun here..the atmosphere is depressing..LOL
I found these quotes inspiring - although they were coined by day traders for day traders ...they apply to Bitcoin trading as well !
Just read and think of the similarities Smiley
--------------------------------------------------------------------------------------------------------------------------------------
DAY TRADING QUOTE #1

"If you don't know what you are doing, doing nothing is better than doing you know what" - Trader Jack

DAY TRADING QUOTE #2

"Trade what you see, Not what you think"

DAY TRADING QUOTE #3

"Most traders take a good system and destroy it by trying to make it into a perfect system."

DAY TRADING QUOTE #4

"If you're going to panic, panic early."

DAY TRADING QUOTE #5

"If you look around the table and don't see a sucker, then you are the sucker."

DAY TRADING QUOTE #6

"If you find yourself in the bottom of a deep hole, the first thing to do is stop digging."

DAY TRADING QUOTE #7

"The system wasn't designed so that most people could beat it."

DAY TRADING QUOTE #8

"At all levels of play the secret of success lies not so much in playing well as in not playing badly."

DAY TRADING QUOTE #9

"The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can't do is give (people) the confidence to stick to those rules even when things are going bad." Richard Dennis, on Turtle Trading

DAY TRADING QUOTE #10

"The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill

DAY TRADING QUOTE #11

"Experienced traders control risk, inexperienced traders chase gains." -Alan Farley

DAY TRADING QUOTE #12

"The market can remain irrational longer than you can remain solvent" - John Maynard Keynes

DAY TRADING QUOTE #13

"My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner." - Burt Dohmen

DAY TRADING QUOTE #14

"We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start."

DAY TRADING QUOTE #15

"There are only 3 rules...Rule number 1:- Don't lose money. Rule number 2:- don't forget rule number 1. Rule number 3:- the only thing you should be holding overnight is your dick." Trader Jack

I love it!

My $.02.

Wink

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seleme
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March 14, 2014, 03:13:13 PM
 #8

This one is best:

Quote
DAY TRADING QUOTE #10

"The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill

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  ██████████████████████████▀
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       ███████████████▀▀
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teukon
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March 14, 2014, 08:45:25 PM
 #9

As a Go player, I'm particularly drawn to #8:

Quote
At all levels of play the secret of success lies not so much in playing well as in not playing badly.
YarkoL
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March 14, 2014, 09:18:02 PM
 #10

"It's better to be out wishing you were in than to be in, wishing you were out"

“God does not play dice"
AmunRa (OP)
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March 17, 2014, 07:59:31 PM
 #11

Actually I just remembered a popular one around here ....

" HODDLLL !!!!"   Cheesy

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Wilhelm
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March 17, 2014, 10:10:23 PM
 #12

Actually I just remembered a popular one around here ....

" HODDLLL !!!!"   Cheesy

To HODL is not to SODL. [William Shakespear] Tongue

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
LostDutchman
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March 18, 2014, 01:33:29 AM
 #13

This one is best:

Quote
DAY TRADING QUOTE #10

"The opportunity of a lifetime must be seized during the lifetime of the opportunity." -Leonard Ravenhill

Ima likin' that one also!

My $.02.

Wink

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