Quote from: usagi on April 17, 2013, 04:28:46 AM

Quote from: BTCVirgin on April 17, 2013, 04:13:20 AM

So I am looking for someone to mentor me.

I made about 10 BTC trading on the way down from 110 to 60 (and to now, 73 or so) over 2 days. But if I told you how I did it you might be able to take some of the money I make myself. It's not that easy, I sit and watch the trading screen for hours (and hours...). There's more to it than that of course but I think watching the tickers is one of the most important things. If you're really interested, then make an offer for my time and I'll explain my setup to you, talk you through my strategy, and give you some other sources of info I use.

The truth is though I hate trading this way and I only do it when I am desperate for money because it's somewhat risky. Do you really want to be a daytrader?

That's what I find to be the toughest aspect of daytrading bitcoins. It's a 24/7 currency. You can't force opportunity, it has to come to you... and sometimes the major breakouts occur when you're sleeping in the night. And it takes so long to develop you might have to be at your computer for several hours. It'll be a problem no matter where you live. I don't think there are stop orders on most major bitcoin exchanges (and if there were, i would not trust using them) so you have to get out by watching the prices yourself.