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mb300sd
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January 06, 2012, 09:17:16 AM
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How the hell do yall sleep?

I definitely can't with this position open right now, tempted to liquidate and make a $5 profit, at the same time, I want to stay up and see if its goes up...

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Crypt_Current
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January 06, 2012, 09:23:22 AM
 #2

How the hell do yall sleep?

I definitely can't with this position open right now, tempted to liquidate and make a $5 profit, at the same time, I want to stay up and see if its goes up...

It's gonna go up.  My concern is figuring out how much further down it might go before hand so I don't get Zhoutonged :-)

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January 06, 2012, 09:26:50 AM
 #3

How the hell do yall sleep?

I definitely can't with this position open right now, tempted to liquidate and make a $5 profit, at the same time, I want to stay up and see if its goes up...

1) Use stop orders if you want to protect your position against unexpected movements.
2) Don't lose your sleep over a few bucks. Believe me, it isn't worth it Smiley

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mb300sd
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January 06, 2012, 09:30:55 AM
 #4

How the hell do yall sleep?

I definitely can't with this position open right now, tempted to liquidate and make a $5 profit, at the same time, I want to stay up and see if its goes up...

1) Use stop orders if you want to protect your position against unexpected movements.
2) Don't lose your sleep over a few bucks. Believe me, it isn't worth it Smiley

Well, i'm still on break, so sleeping until 3pm isn't an issue Smiley

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January 06, 2012, 09:40:48 AM
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I've been up for 3 days, I'm starting to run low on amphetamines  Angry

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January 06, 2012, 09:45:37 AM
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I've been up for 3 days, I'm starting to run low on amphetamines  Angry

It'd be nice to have some help ... but then i'm kinda glad I don't atm cuz it REALLY sucks to run out

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koin
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January 06, 2012, 10:50:54 AM
 #7

tempted to liquidate and make a $5 profit

an amount like $5 keeps you awake at night?
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January 06, 2012, 11:07:04 AM
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I've been up for 3 days, I'm starting to run low on amphetamines  Angry
amphetamines are very neurotoxic, don't use that...
I've read a lot of good things about modafinil, so if you can get this somehow it can be good alternative.

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January 06, 2012, 11:41:20 AM
 #9

Quote
How the hell do yall sleep?

I don't!

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January 06, 2012, 12:30:43 PM
 #10

tempted to liquidate and make a $5 profit

an amount like $5 keeps you awake at night?

He probably mean $5 per bit not a total of $5 for his position and when you are holding over 800 bits that can add up to a couple of bucks.
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January 06, 2012, 01:08:24 PM
 #11

Dude sleep was what you got before you started trading bitcoin  Grin

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January 06, 2012, 01:11:43 PM
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What is this "sleep" thing you're all refering to? Grin
mb300sd
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January 06, 2012, 05:50:46 PM
 #13

tempted to liquidate and make a $5 profit

an amount like $5 keeps you awake at night?

No, but I went to sleep and that $5 profit has turned into an $80 loss. Should have liquidated.

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January 06, 2012, 06:06:08 PM
 #14

How the hell do yall sleep?

I definitely can't with this position open right now, tempted to liquidate and make a $5 profit, at the same time, I want to stay up and see if its goes up...

1) Use stop orders if you want to protect your position against unexpected movements.
2) Don't lose your sleep over a few bucks. Believe me, it isn't worth it Smiley

I'm going to get tired of repeating this but, stop/limit orders probably won't protect you against unexpected movements.  Stop orders execute at market price, which often jumps way past what you expect, instantly whenever someone makes a huge trade.  You won't get the price in the middle - you'll get the price at the rock bottom.

And if you have a limit order placed in the middle, it will just be skipped.  Example:  Price is $6 and you put a limit order to sell at $5.5.  But then coins are dumped instantly setting the highest bid price down to $5.0.  Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

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January 06, 2012, 06:08:22 PM
 #15

And if you have a limit order placed in the middle, it will just be skipped.  Example:  Price is $6 and you put a limit order to sell at $5.5.  But then coins are dumped instantly setting the highest bid price down to $5.0.  Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

I don't think you understand limit orders.  If you place a limit order to sell at 5.5 and the price is at 6, it will execute immediately as long as there is enough volume over 5.5.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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bitcoinBull
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January 06, 2012, 06:18:08 PM
 #16

And if you have a limit order placed in the middle, it will just be skipped.  Example:  Price is $6 and you put a limit order to sell at $5.5.  But then coins are dumped instantly setting the highest bid price down to $5.0.  Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

I don't think you understand limit orders.  If you place a limit order to sell at 5.5 and the price is at 6, it will execute immediately as long as there is enough volume over 5.5.

You're right.  I meant to say stop-limit order, but I forgot that bitcoinica doesn't offer those.

Only stop orders, which will you give you the rock bottom price.  If that happens to be below your zhoutong price, you will still get zhoutonged and lose everything; regardless of where your stop order was.  And if its above your zhoutong price, well you'll only lose almost everything.

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January 06, 2012, 06:53:12 PM
 #17

And if you have a limit order placed in the middle, it will just be skipped.  Example:  Price is $6 and you put a limit order to sell at $5.5.  But then coins are dumped instantly setting the highest bid price down to $5.0.  Your sell at $5.5 never happens because now the buying is all at $5.0 or below.

Know your zhoutong price and more importantly don't expect stop/limit orders to protect you.

I don't think you understand limit orders.  If you place a limit order to sell at 5.5 and the price is at 6, it will execute immediately as long as there is enough volume over 5.5.

You're right.  I meant to say stop-limit order, but I forgot that bitcoinica doesn't offer those.



And neither does Mt Gox  Sad
Crypt_Current
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January 06, 2012, 06:58:28 PM
 #18

tempted to liquidate and make a $5 profit

an amount like $5 keeps you awake at night?

He probably mean $5 per bit not a total of $5 for his position and when you are holding over 800 bits that can add up to a couple of bucks.

Either way, not everyone here is the 1%, or even close.  Don't forget that.

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January 07, 2012, 04:20:06 PM
 #19

i have a NEW night time tool for monitoring Bitcoin tx's:  http://blockchain.info/new-transactions

i've convinced my wife to wear earplugs.
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January 07, 2012, 04:32:19 PM
 #20

i have a NEW night time tool

Ah, positive event !! Smiley
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