Quote from: Malusig on November 29, 2013, 02:37:07 PM

Quote from: notme on November 29, 2013, 02:35:20 PM

Quote from: ghdp on November 29, 2013, 02:20:34 PM

Quote from: Malusig on November 29, 2013, 02:18:41 PM

Just asking experienced traders if they feel next 8 hours is bull or bear...

Experienced trader already answered your question.
Now you must learn.

+1
And if you really want to learn, you just have to start trading. But keep in mind that you will probably lose a lot at first. Every new trader pays the market for these lessons. Once you learn everything not to do, you can finally be successful.

However, trading on margin, even on something more stable than BTC, is a recipe for overpaying for those lessons.

+1

on bitfinex margin trading, don't panic if/when it goes down. Hold and make sure you won't get forced liquidated. You do this by setting your margin to 4:1 but only borrow 1 or 2 to 1. You have to calculate your carry costs (the interest you pay per day) as a percentage. The price movement has to be greater than that percentage to make money. (it has to, on average, be greater than that carry cost over the total time of your trade).
Try some trades. Try not to lose your shirt. But your super short term window (8 hours) is mostly likely a recipe for loosing. Why not think in terms of a 30 to 60 day window?