Quote from: sumantso on July 15, 2013, 04:54:30 PM

Quote from: Joerii on July 15, 2013, 04:41:36 PM

Very true. I learned this the hard way when I still traded stocks. If you are nervous the whole day and stare at tickers and graphs, afraid to miss a chance to buy or sell, you're not a happy camper.

Thats me. How did you know? Are you stalking me?

In the turbulent pump/dump over the last few days, I increased my PXCs by a little and at the same time decreased my WDCs. I never seem to be able to make a clean profit.

The hard thing is calling a top at the right time, and telling at what point you should, as they say " Back up the truck and load up !"
All you can do is guess ! In time you'll learn to make better guesses and get 6 out of 10 right

It's gambling actually, you only have a small edge if you know the market well, and then you can still be unlucky.

I haven't made a " clean " profit yet on Cryptsy either. I had to sell WDC and FTC at a 13 % and 15 % respectively to be able to buy all the PXC I did. That is PXC I bought when that guy dumped at .00023 though, so worth taking a little loss to get 33% growth instantly Wink

I remember being disapointed a few months ago when I sold a lot of FTC for only 20 LTC per K, and seeing it rise to amazing heights. So now I only sell PXC when I'm 90% sure it's overpriced at the time and will go down again soon. But I have lost money like that before... sometimes it does NOT drop or there's not enough volume to buy back what you've sold and then you're also beating yourself up.

In the end it's all a risk vs reward game. Sure, you can try to sell PXC and buy it back lower everytime the graph spikes up, but if the rocket takes off and your holding BTC then you will feel rather sore in the rectal area

SImply buying and holding is MUCH less risky but also less ( potentially ) profitable.

But all of this is common sense and you guys know this so I'll stop rambling now.