Hi nmat, I have been trading bitcoin since April of last year.  I made the same mistakes that many here have made.  I am very experienced with technical analysis / risk-management / trading / markets, but I believed BTC was different.  My first trade I bought at $14 and sold at $18 (after the huge bubble) using technical trading / my plan.  I then caught onto the "bull fever" thinking that maybe this was the future and it would go to $100,000 a coin.  I reinvested my profits and sold out at $6, losing 50% of my small investment.  Basically, I have snapped back to reality - "there is nothing new on Wall Street, since speculation is as old as the hills" - and I am trading using my system / methodology once again and I thought I'd document it on this thread / talk to other bitcoin traders to see what they're up to.

I view bitcoin as highly speculative, so I have only put "play money" here.  I trade the currency market with my company and retirement accounts.

By the way, if no one has read this, it is awesome...a great reality check.  I think you can get it free in some places, but I suggest buying it to support the authors:

Reminiscences of a Stock Operator
http://www.amazon.com/Reminiscences-Stock-Operator-Investment-Classics/dp/0471770884/ref=sr_1_1?ie=UTF8&qid=1327114156&sr=8-1