Quote from: MatTheCat on March 04, 2014, 12:52:51 PM

Quote from: oda.krell on March 04, 2014, 12:36:50 PM

Did it ever occur to you that those of us who are kind of good at spotting when a correction isn't over yet (you, TERA, mmitech, maybe me) are also the guys who have a harder time figuring out exactly when the tide has turned and the correction *is* over finally (or at least: for the mid term)?

You know, if there only was a name for that kind of mindset that makes it easier to see the built up risk in a market at a given moment vs. those who have an easier time (too easy, often enough) only seeing the potential benefits... something like cows vs. ursidae... yeah, that sounds catchy!

Excuse me.

But I said loud and clear that I believed the bottom was in many times over and the trend had reversed for now. I missed the absolute bottom by less than $9 with a 60BTC buy-in (no staggered tranches....u wouldnt believe the fkn idiotic trading decisions I make...if I just followed what I write on here I would do a whole lot better).

I also stated (in this thread) that a break out above $580 would be a trend reversal point for me, and this point I would be buying in (I done this). Admittedly, I favoured a retest of the lows and common sense seemed to suggest that this was on the cards. For a break out to occur, an X-Factor was required, and an X-Factor came, my short margin was called. (-$800, ouch!)

I am a shitty trader....especially when things happen that I wasn't expecting, like yesterday....any discipline which I lack at the best of times anyhow, and common sense go right out the window. From that insane bull run yesterday, I am limping away with a quarter of the profits that I could have easily have bagged if I weren't such a fraggle.

I do however rate myself with sensing out the general trend. General trend from here is up, but not without a good retracement from the current levels..unless of course Mr X-Factor comes along, again.

You can't say that I never called trend reversal, cos I did many times, including in this thread. U can accuse me of being a shite trader though, cos I am, and I admit it....(right now I have about a 60% success ratio in terms of USD profit. Exit timing on winning trades is fkn shocking and I hang on to losing ones for too long and/or crap myself when I should have held out, always.

Mat, stop defending yourself all the time, you don't need to rise to it. Spend your energy on your analysis, I (and a lot of others) appreciate it

Where do you think the retracement from here will lead down to?