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socal
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May 06, 2014, 11:27:50 PM |
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I almost fell into this trap on cryptsy yesterday then I remembered this thread, laughed and held off, a few hours later my sell order was triggered not massive profits (only talking like 2-3 mLTC) but still profit is profit right? SO THIS CHART IS THE TRUTH!
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Bit_Happy
Legendary
 Offline
Activity: 2114
Merit: 1040
A Great Time to Start Something!
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May 07, 2014, 12:47:43 AM |
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I almost fell into this trap on cryptsy yesterday then I remembered this thread, laughed and held off, a few hours later my sell order was triggered not massive profits (only talking like 2-3 mLTC) but still profit is profit right? SO THIS CHART IS THE TRUTH!
The chart shows only part of the truth. There is not a single area showing 'quiet time' with the market moving sideways. The chart has 19 points: Which one says "wait for what seems like forever to see how soon the market will finally move" ....? |
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socal
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May 07, 2014, 02:39:31 AM |
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While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
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Bit_Happy
Legendary
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Activity: 2114
Merit: 1040
A Great Time to Start Something!
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May 07, 2014, 03:23:32 AM |
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While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time. Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading. |
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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May 07, 2014, 07:56:35 PM |
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While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time. Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading. Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse |
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OCG
Newbie
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Activity: 20
Merit: 0
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May 07, 2014, 10:32:03 PM |
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While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time. Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading. Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse Would you still stay connected if you had a trailing stoploss option ?? |
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boumalo
Legendary
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Activity: 1918
Merit: 1018
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May 08, 2014, 10:29:53 AM |
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While true the market in my particular instance was going down which is why I was tempted to just sell at market instead of taking the risk and waiting for my standing sell order to get triggered that would have been a loss if I wouldn't have waited so once again glad I remembered this thread and took my finger off the trigger, so to speak
Glad it worked out this time. Correctly 'guessing' when to jump on the current move (or to wait) is one of the hardest things about trading. Some like having orders ready stop losses and take some gains automatically but when daytrading I think it is better to stay connected to the market and decide everyday if we should buy/hold/sell according to our feeling and analyse Would you still stay connected if you had a trailing stoploss option ?? You have to go AOK from time to time but just relying on stop losses is dangerous, you need to see why/how the market is moving when it does to know if it is best to hold sell or buy |
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TheDoors
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Activity: 27
Merit: 0
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May 09, 2014, 09:37:53 AM |
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Cool chart! But while you in real life you can’t know what’s going to happen next because you can’t see the full picture of what’s going on. Of course there are some luckies and clever ones, but usually it is so..  |
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SecureErase
Member
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Activity: 83
Merit: 10
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May 09, 2014, 06:12:04 PM |
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Cool chart! But while you in real life you can’t know what’s going to happen next because you can’t see the full picture of what’s going on. Of course there are some luckies and clever ones, but usually it is so.. And those with time machines  |
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left-ca
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May 09, 2014, 09:16:32 PM |
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hella funny LOL
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OCG
Newbie
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Activity: 20
Merit: 0
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May 13, 2014, 10:47:23 AM |
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@boumalo I agree that manual inspection is always the best, but you have to sleep sometimes Did you have a bad experience with stop loss software at some point or care to share about why you consider trusting (trailing) stop loss 100% can be dangerous? What could go wrong? Would like to learn from your experience! |
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knightcoin
Full Member
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Activity: 238
Merit: 100
Stand on the shoulders of giants
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May 16, 2014, 08:28:30 PM |
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I really can see why some traders likes Algo trader & Scalping ...
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Kikyca
Full Member
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Activity: 238
Merit: 100
FRX: Ferocious Alpha
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May 17, 2014, 07:56:48 AM |
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That chart sums up my first trading experience  Been there...  first few days cost me a small fortune... |
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103deltafox
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May 17, 2014, 11:54:12 PM |
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LOL... I would love to see someone make one of these with a candlestick chart... I would buy the poster for my wall at work! |
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Unluckyduck
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May 18, 2014, 02:03:58 AM |
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The only way to trade in my opinion is to buy and hold no matter what the price fluctuates to.
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SecureErase
Member
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Activity: 83
Merit: 10
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May 18, 2014, 02:19:44 AM |
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The only way to trade in my opinion is to buy and hold no matter what the price fluctuates to.
That's investing, not trading, depends what your goals are ultimately. |
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cp1
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May 18, 2014, 02:42:07 AM |
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The only way to trade in my opinion is to buy and hold no matter what the price fluctuates to.
That's investing, not trading, depends what your goals are ultimately. Well technically you did one trade  And I suppose you'll do another trade to cash out. |
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foxkyu
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May 18, 2014, 11:13:22 AM |
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Este Nuno
Legendary
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Activity: 826
Merit: 1002
amarha
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May 18, 2014, 04:03:49 PM |
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This is what happens when joe six pack decides to start trading bitcoin |
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davidgdg
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May 21, 2014, 09:39:38 PM |
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The only way to trade in my opinion is to buy and hold no matter what the price fluctuates to.
That's investing, not trading, depends what your goals are ultimately. Well technically you did one trade And I suppose you'll do another trade to cash out. No. The plan is not to sell them. The plan is to spend them |
"There is only one thing that is seriously morally wrong with the world, and that is politics. By 'politics' I mean all that, and only what, involves the State." Jan Lester "Escape from Leviathan"
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