I'm awake again - lovely sleep - nothing happened in the bitcoin world worth worrying about that my pre-set orders didn't take care of.
What exchange are you on, for those pre-set orders? Mt Gox is not a big help in that way.
?? if you have a view about where the market is, you set buys and sells at prices you want to trade at. I have a trading plan and stick with it - works for me. Too many knee-jerk reactions costs money while patience and nerve also helps.
As a personal preference, I don't trade on Gox - I worry too much about getting funds out, no terms of service, and their casual disregard for users.
So if you dont use Mt Gox, what exchange do you use to trade bitcoins?
The really big hole with MT Gox is you cannot do Stop Loss orders. You cant set a specific lower sell price to cover yourself if the market price goes down, it will just sell immediately at the next lowest price below the current price.
Now you can buy and sell above the current price at a specific price, but Stop Loss is really what we need to protect our investments for markets falling on Mt Gox.
I dont understand why Mt Gox wont implement this.