LOL, buy high sell low. Retire early.

I'm a full-time software developer for an advanced professional securities, options, and futures trading platform myself. If you want I can test it out for you later today and give you some feedback. Let me know via PM or whatnot.

-Mike

The OP did not explain how to protect your investment against all possible outcomes. Heck, he wasn't even talking about investments! He got in and out in under a day. That's not investing, its trading. Get it right. Second, it was not all possible outcomes, as piramida said, it could have tanked further and he would have caught a falling knife. The equivalent of sending your cash out as the front line foot soldiers. Not really protective. So what he did was plan to lock in gains if it goes up and levels out, or make a killing if it rocketed, or have no plan if it continued to tank.

You either set and objective and limits both ways and trade that, or you invest with a long term outlook based on fundamentals.

Plant the trade and trade the plan. But don't confuse trading with investing. And certainly don't confuse protection with locking in gains.

- Mike

+1 to this.

Anyone who thinks that an attempt to call the bottom is NOT putting their money at risk is delusional. Almost every trade that has a predetermine short term outlook, such as buying a dip and expecting a flying bounce or "miring" to get out, is putting money at risk for a short term reward.

You either invest for the long term, or you take on huge risk day trading to get many short term big rewards with big risks. There is no magic formula, no matter how many "after the fact" charts you post.

-Mike

So your call was a fail. (i.e. rally in 12 hours) So what's next? Create a new account and start over again to try to make better out-of-your-ass calls?

Hey prirate's a good guy, leave him out of this.

That's fine, I shouldn't have an issue given my degree as a computer engineer and work experience developing software.

No bitcoin was stolen on that attack and it was quickly caught and neutralized. Not to mention that it actually demonstrates how the openess of the entire blockchain (and thus global bitcoin transactions) allows anyone to review what's going on to quickly report such issues. How many illegal attempted transactions or fraud schemes are going on right as we speak with fiat currencies, that we cannot detect?

When was "Bitcoin completely subverted"? The fail of an exchange has no relationship to the integrity of a currency, just like the failure of the NASDAQ has not relationship to the integrity of the company of any of the stocks.

I don't think this will work. One lag-filled swing in the wrong direction while you are holding a position or have an order, and by the time you cancel or exit, the whole months profit can be gone.

Also, copy paste does work and you should make sure you don't have any opened or pending orders.

If you're putting a market order in because the price is swinging like crazy or just dropped fast, you're likely not going to get filled anywhere near the bottom due to the gox-lag. Count yourself lucky that it prevented you from sending a market order or else your order might have only got there at a price you don't want. and cancelling it would take another lag time.

Also, I don't understand why you are using market orders during any kind of swing. Never use them, its a terrible and stupid thing to do. Place a limit order at the highest price you are comfortable with and it will take the lowest ask (or highest bid) once it gets there.

-Mike

Perfect, thanks. I tried it out, and the data imported beautifully, however, the calculations on the side quickly returned #value cells. I think there is a bug with the calcvalue() method since the first non-dependent cell to be #value is a simple calcvalue(str,1) call with str being

"BTC sold: [tid:1325141427287997] 5.75000000 BTC at $4.26000"

without quotes.

-Mike

I did as you instructed, but all I get is your history, not mine from my CSV files. I went to the macros and ran Initiate, but your history didn't get cleared. Could you provide us with a blank template and perhaps a button to Initiate or import?

Thanks,

Mike

Do you always display your positions publicly online when trading?

This is most probably exactly what happened. Normally people post the P/L% of the P/L$ only, but putting all that info on THE bitcoin forum was simply a dumb move. The person who liquidated you will one day reveal himself and we will all make him a local hero.

-Mike

I'd rather the 5:1 option remain as I have been using it and have been very conservative with it and it has served me well. If people can't handle the leverage, then they deserve the loss. Don't penalize those (like me) who use leverage properly to take advantage of big dips or peaks and leave enough reserve to cover. 10:1 is crazy, but 5:1 is perfect for many.

-Mike

Post of the day IMHO.

I was leveraged 5:1 on bitcoinica, long at base ~6.20 and bought on the crash all the way down, and brought my base to 5.70 and held my ground and will probably escape this crash much better off. I think using the Bitcoinica Helper script is a great tool for anyone doing manual margin trading. If anything, this crash made me more comfortable with Bitcoinica.

-Mike

I have tried and this has failed. Trying to connect on port 80 produces no different results. What about tunneling to another PC?

-Mike