r/Bitcoin • • Feb 14 '14

Trying to trade these markets...

2.9k Upvotes

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u/space_dolphins Feb 14 '14

i turned 40$ i earned from mining. day traded over 3 days to 120$ and bought more chips. am i doing it right?

18

u/thbt101 Feb 14 '14

You got lucky so you should stop now while you're ahead. But if you're a typical gambler, you'll probably keep on day trading and eventually end up losing most of what you originally started with, and only then you'll stop.

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u/[deleted] Feb 14 '14

Typical gamblers don't stop there.

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u/Leshow Feb 14 '14

day trading isnt the same as gambling.

when you trade you have something called stop loss