Quote from: MatTheCat on October 21, 2014, 07:25:57 AM

Quote from: abs350 on October 20, 2014, 07:46:36 PM

I took a short position in BTC last night.

Short -10 BTC.

Let's see how it plays out. Im expecting it to go to $200 and lower.

Never trade with leverage in a flat market and NEVER short in a flat market.

Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I can almost practically guarantee it.

Thankfully Matt I don't listen to a single word of your advice. Infact, doing the opposite of your advice is a pre requisite for me.

So the price has moved down a little since I took the position, but other than that no big changes. I'm waiting for a break downwards. I'm thinking of donating my profit to a charitable cause, please feel free to post your suggestions.