Quote from: Undone on April 18, 2014, 03:25:36 PM

Gotcha. And that is a good piece of advice.

The reason I asked about orders not triggering in your own personal trading is this - you started out trading with roughly $20K USD, correct? That is in my opinion a good chunk to trade with.

I'm genuinely curious if you had ever considered making a larger number of "micro" trades on the swings (referring to going long), as opposed to holding out for longer periods, thus generating more risk.

But I suppose if orders don't get triggered, that's only really a viable strategy if one can sit in front of a computer 16 hours a day.

There are tons of 'bright' ideas like simply making micro-trades and coming out it when the market goes $10 in your favour or something. However, as I have found, for every bright idea, there is can of psychological worms that gets opened up that the novice trader never bargained for. Unless a trader times his entry at absolute bottom and his exit at the absolute top, the market will always taunt and jeer at the trader, making him feel like a fool and filling his mind full of 'woulda shoulda couldas' that will ultimately lead to some very foolish and out of tune trading decisions being made.

I have just come through a little stint of holding off or indeed a reversing a trade when I should have stuck to my guns and then diving in out of sheer frustration chasing yesterdays missed opportunities when I really needed to stay the fuck out and just sit back and observe. If I had unlimited supplies of fiat then I may go on to learn lots about myself and about trading and may even grow into a very good trader. Problem is I have very limited supplies of funds and it is a case of 'how many bangs in the face can a fighter take, before he decides he just isn't very good at it'?

I am through with trading Bitcoin. Period. I may invest in the future, I may not. I shall never touch leverage in any investment ever again. Leverage is like an amplifier of all the psychological neuroses that leads to erratic, impulsive, and invariably bad trading decisions. With leverage, I have had some very big wins. But my leveraged losses are much greater, most of them small but numerous, some of them large, with my last and final one, being fucking enormous.