Quote from: seleme on April 17, 2013, 04:29:31 AM

To be honest I think that charts and stuff shows f'all in such wild market and if you're not very well studied in that stuff it's just going to confuse you.

My advice, though I'm in no way expert or too experienced with bitcoin, is to watch market all the time and see how it's going, week of market studying will do you more good then all these charts imo. With time you get some sense what some reactions means and where it might head though you'll never know that with charts, watching or whatever with so much manipulations happening on bitcoin exchange.

Try to not lose a lot-that's the first thing you have to watch as it might demoralize you and stop you to think rationally. Beside big loses put you back in your plans. When you earn something than you can make some high risks but on the beginning play on safe. It's better to earn one dollar in 5 consecutive trades than lose 10 in one Wink

some excellent tips here Seleme.

I am happy to sit and watch markets for as long as it takes - except I have no clue what I am looking for Embarrassed

Yes, I like the thought of small earnings over several trades. It's the better way to learn and build confidence and as you have said, it wouldn't be demoralizing.