Quote from: panoss on April 17, 2013, 06:53:57 PM

Quote from: michaelGedi on April 17, 2013, 06:32:10 PM

Quote from: panoss on April 17, 2013, 06:23:19 PM

Quote from: DeathAndTaxes on April 17, 2013, 04:06:58 PM

Quote from: panoss on April 17, 2013, 11:48:41 AM

...don't take this as financial advice and always trade with stop orders already placed in the platform

\

can you explain exactly what you mean by stop orders already in the platform?

frustrating i know... I just went all in after bitcoin-24...

we'll see what happens.

Ok.
I will use nice round numbers for the ease of things
say that you have 100 capital and bought 2 BTC @ 50. the price goes to 80. You put an order to sell your bitcoins (both of them or a part of them)
@ 50 in case price pulls back(you gave all the profit back but you are at your money) or
@60 so you "lock" some profit or
@70 if you are more greedy , with a higher probability for price to come back and take you out with a profit before it resumes its upward move to 4500 Undecided

you can also combine the above
i.e
sell
0.5 BTC @70
0.5 @60
0,5 @55
0,5 @50
Now this is trading and not investing in bitcoins
You can have a capital in your personal wallet for investing in the long run -and that is the best thing in my opinion
and a smaller one in .....the platform(ouch!)

I see, thanks