Quote from: JayJuanGee on November 24, 2014, 10:06:50 PM

Quote from: Newbie1022 on November 24, 2014, 09:23:54 PM

Quote from: JayJuanGee on November 24, 2014, 09:21:44 PM

Quote from: Newbie1022 on November 24, 2014, 09:08:43 PM

Quote from: janos666 on November 24, 2014, 09:01:53 PM

Uhm. So, some people bought the whole 2400 CNY wall and minutes later the price is 2397 CNY. Hmm...
I thought price will shoot sharply either up or down after that wall disappears. But nothing happened yet. Strange. Embarrassed

Yup... somebody bought from themselves in an effort to trick the market. It happens from time to time. Points like that are particularly dangerous because people change directions a time or two on a trade. I, personally, need to learn to sit out at points like that. At least I'm starting to recognize what that pattern looks like. Progress!

Progress.. yeah right!!! Who really knows what price is going to do when there are big whale manipulators that can change the direction of the price at any minute.

However, it does seem logical that BTC prices are NOT going to experience any major exponential growth until after the auction on December 4... however, even that big event is NOT any guarantee in how exactly it will affect BTC prices.

Surely, I do NOT claim to know anything about day trading.. but it does seem that we are soon going to be transitioning from a bear market to a bull market.

I never said anything to the contrary. In fact, I think I may actually be in full agreement with 100% of what you wrote except for the snark. Another part of progress -- setting narrow stop losses at pivot points... so that if I get the wrong direction at least it doesn't hurt much... if I get the right direction then I ride it.

O.k. Maybe I was a bit snarky with my comment about progress? Yet part of my point was meant to be that I would find it difficult to really play day trading in these kinds of markets when they seem to be manipulated so much... however, there may be strategies and tactics that smaller players can employ, such as what you are suggesting in order to perform better than merely my tactic of buying and holding and attempts at quasi-strategic dollar cost averaging.

No hard feelings, man. Holding and averaging is actually a very good tactic especially when you consider slippage and exchange costs. Probably the best is somewhere between you and me -- hold strong, but if the market is really going nuts (a la the past couple months until recently), cut losses occasionally to buy in lower.