Extreme Deviation Automatic Price Targeting - "X_DEV" - Bitcoin

[Qarel]

Niceboat, if these questions are making your nuts, it is a fair indication that they are the wrong questions. Questions should be aimed at getting more knowledge, not at getting security. At the back of your questions seems to be the idea, or rather fear: "But I want to avoid losing money, I can't bear to lose money on one single trade." That way madness lies.

Read Myst's post http://www.investorshub.com/boards/read_msg.asp?message_id=543668 once again. It is a complicated piece, especially for you, but when there are things you don't understand, ask. One of the points is: You'll win some, you'll lose some, but try to tip the balance in such a way that your balance is positive. (BTW, the article is especially aimed at (very) active traders. Some details in the article are less relevant or even untrue for other investment styles.)

If losing money on trades horrifies you like it seems to do, don't choose X_DEV for your trading style. In fact, as no style of investing can guarantee that you win on every trade, perhaps you shouldn't be investing at all. Try CDs instead.

Part of my advice to paper trade X_DEV for a significant period is exactly aimed at your "but now you sell XYZ for less than you bought it!" questions. That is what X_DEV is designed to do. X_DEV prefers to free money on a spike upward, even at a loss, to be able to trade again. Decisions like that (freeing money at a loss) are necessary in any investing style.

BTW, nosy question: could you give a rough indication how many $$$ your are playing with for investing?

Regards,

Karel