meaning I buy after a panic or sell
after a strong upswing. However,
this short is ANTICIPATORY, meaning
I'm trading into support with lower highs
"probing" to see if support can crack, which
would lead to a big run down. It's lower
probability, but the reward is big enough to
take on the risk.
Ya, MtGox is a joke IMO. I have a feeling they're gonna have some big liquidity problems in the near future.
I also just found the mental toll of trading. It was great when i was earning, but when i got my fist big loss i just kept losing until i took a break from trading.
Thanks for the book tip will defiantly take a look at it .