Quote from: drez on July 30, 2014, 03:18:26 PM

Quote from: empowering on July 30, 2014, 03:08:36 PM

Quote from: drez on July 30, 2014, 02:43:06 PM

Quote from: empowering on July 30, 2014, 02:40:53 PM

Shorting in this market on margin =

How so? Just short where you see resistance and buy when you see support. Pattern over the last 2 weeks has followed TA to a tee.

Yeah I have been looking at the charts and sp/res lines... I had a good idea of where they have been for a while...

I guess if you are strict and have a good enough strategy in terms of stop loss and bank management , and you call it right at least 55% of the time, then using borrowed money to short the BTC market can be a good idea... Day trading is risky (without even considering the counterpary risk element) as it is, risker on margin, and risker still in a market like the BTC market, if you have got good risk management and trading/banking strategy then the risk is more quantified and if that suits your risk profile and you are happy with it and you can achieve consistent results, then hey- who am I to say otherwise... though tight stop loss can give you control over your exposure, you are also more likely to fall foul of the volatility and stop hunters too with a shallow stop... so if you are looking to catch a local top, but think it is going up medium-longer term in my view it is risky... if you are a full on bear then I can see how it would be something one would consider.. unless as stated you are in full control of your shit and you are trading the bounces, all good if you have got the strategy and accept the risk of being hunted or shaken out of your trade and can accept the losses.

The trick is not being greedy. Take profits early and don't panic. If you push it to the line you will get burned. If you never push it all the way to the line you may be late on the moonshot, but you have been making money the whole time people were waiting for the moonshot.

Yup it is a personal thing... but not a lot get it right - hence baby throw money out window.