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.
So, im basically saying...Not sure if it will touch the support line, as twice it didnt, but dont want to be holding the bag, if it decides to drop back down in 800 range... This is the tricky part...dont know how high it will go, and if it will change directions.
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 .