I can't decide where this is going, too little volume.
I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.
Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...
Opinions?
I can't decide where this is going, too little volume.
I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.
Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...
Opinions?
If you have to take opinions on a forum for your trading,........................................you're fcked.
I might not be a professional or anything...but I've done well trading stocks the past few years, and since entering the crypto-market I've made over $168,000. Mostly due to LTC... At any rate, public sentiment can often be a better market indicator than any technical analysis.
Disclaimer: I am one of those assholes that lost big the day of the Blackberry announcement this year. Around $30,000, so I am not tooting my own horn. I am also one of those assholes that clicked a malicious link on BTC-e this past April and had their account cleared out. Roughly $40,000 lost.
So yes, I make stupid mistakes. Asking for opinions, and gauging public sentiment, is not one of them.
I can't decide where this is going, too little volume.
I shorted around 180 during the downtrend after the huge sell...Then at 180, it perked right back up. I figured it was a short bounce before a continuation downwards, and continued opening short positions up to 190.
Now, I'm not sure if I should close the positions and take a huge loss...or wait it out, and possibly lose all the BTC in my leveraged short positions...
Opinions?
If you have to take opinions on a forum for your trading,........................................you're fcked.
I might not be a professional or anything...but I've done well trading stocks the past few years, and since entering the crypto-market I've made over $168,000. Mostly due to LTC... At any rate, public sentiment can often be a better market indicator than any technical analysis.
Disclaimer: I am one of those assholes that lost big the day of the Blackberry announcement this year. Around $30,000, so I am not tooting my own horn.
I am also one of those assholes that clicked a malicious on BTC-e this past April and had their account cleared out. Roughly $40,000 lost.
So yes, I make stupid mistakes. Asking for opinions, and gauging public sentiment, is not one of them.
holy shit wtf!
you lost over 70,000K trusting your money with a third party, and you're asking us what to do???
let me slap some cents into you
*slap*
The 30k loss on Blackberry was my fault. I was going to sell, but by the time I remembered it was after the market was closed. I forgot to call my broker at tdameritrade to sell after-hours, fearing the announcement could be bad. I woke up to a phonecall fom him, telling me I had 10 minutes to liquidate the position or he'd have to himself. It was already liquidated by the time I got downstairs. He actually saved me some money by doing it, it went down more from there.
The 40k loss on BTC-e was due to an arb account that didn't have 2FA enabled. And a malicious link... Ya, I know, retarded...
advice: do the opposite to me as I always sell low and buy high.. currently waiting to buy back in so it will probably rally to a new high, I'll panic buy and then it will crash.
That's not particularly good news for my leveraged short positions. Let's hope you're actually correct this time?
I did get a good laugh out of that though, so thanks for that atleast.
I never thought that, during the year 2013, I would be able to short Bitcoin at $400....But here I am, and I feel good about it. I'm a long-term bull, but this baby shouldn't be up here just yet. The Chinese are going to spank alot of you raw on the way down.
My shorts are in, at $434 Stamp price. I'm ready
