100% retarded

[oda.krell]

Always look at the volume on Stamp before you sell.  In this case there was about 20K btc volume on a 4 hour candle which had eclipsed anything that had happened in the past 2 months. We were also on a fib line at $560 and the trendline that everyone is following is at $530, as well as various EMA lines on the 1D, 3D and 1W charts. The 'news' behind the selloff was weak as well - Someone is going to sell some coins (at auction. not even on an exchange)- so what? What does this have to do with the fundamentals of Bitcoin?

Agreed. But it was also an excellent opportunity for a short term trade.

I had originally planned to not get into this swing, but at some point it became clear there was real panic building up. And there was that tasty wall at 600. Out at 600, back in at around 555, minus slippage on the re buy and that was still a pretty safe 5% coin profit. Pleasant surprise.

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[h3speros]

Always look at the volume on Stamp before you sell.  In this case there was about 20K btc volume on a 4 hour candle which had eclipsed anything that had happened in the past 2 months. We were also on a fib line at $560 and the trendline that everyone is following is at $530, as well as various EMA lines on the 1D, 3D and 1W charts. The 'news' behind the selloff was weak as well - Someone is going to sell some coins (at auction. not even on an exchange)- so what? What does this have to do with the fundamentals of Bitcoin?

Agreed. But it was also an excellent opportunity for a short term trade.

I had originally planned to not get into this swing, but at some point it became clear there was real panic building up. And there was that tasty wall at 600. Out at 600, back in at around 555, minus slippage on the re buy and that was still a pretty safe 5% coin profit. Pleasant surprise.

So you sold around 800 coins to $600 wall? And bought them back around $555? =D Nicely done. Pretty risky I would say, but if you know what you're doing then it's not so risky. I'm still waiting to here from your RI indicator in this swing.

[TERA]

I would have traded this if my coins were on an exchange, but they're in cold storage, and I don't consider it worth the risk to take them out of cold storage just to make a single trade during a bull trend. Your 5% gain could be a 100% loss if the exchange dies, your account is stolen, or you fuck up transferring or resecuring the coins.

[oda.krell]

True. But a) not all my coins are on an exchange, and b) if I had always avoided the counter party risk, I would have never had the amount of them I have now. Nevermind. Just realized you were talking about the risk you would face when un-coldstoring for a single trade. Agreed then.

[MatTheCat]

Most of the seasoned people here were urging people to keep buying when it was in the low $400s...

Just as they were urging people to buy in $800s back in January of this year. Bitcoin Nutters are urging people to buy all the time so of course they were urging people to buy in $400s, $500s, $600s, and so on forever more.

Most 'seasoned' people here are not worth listening to, save for the odd notable exceptions.

[samurai1200]

Always look at the volume on Stamp before you sell.  In this case there was about 20K btc volume on a 4 hour candle which had eclipsed anything that had happened in the past 2 months. We were also on a fib line at $560 and the trendline that everyone is following is at $530, as well as various EMA lines on the 1D, 3D and 1W charts. The 'news' behind the selloff was weak as well - Someone is going to sell some coins (at auction. not even on an exchange)- so what? What does this have to do with the fundamentals of Bitcoin?

Well put, and great advice to consider fundamentals, volume, and technicals before making a trade.