Hello,

I'm new to Bitcoin. I'm in the process of getting my first Bitcoin mining rig built, and I'd like to start trading Bitcoins soon. I watch the Bitcoin markets frequently at http://fnoose.com/bitcoin/arbitrage/ as it seems to give me the simplest breakdown as to what the markets are doing.

I'd like to know what trading strategies are being used successfully to trade Bitcoin. Would any of you be kind enough to detail your trading strategy in layman's terms and explain why and when it works along with the strategy's shortcomings? Thanks!