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RE: DON'T CONVERT SBD to STEEM, BUY IT ON THE STEEMIT MARKET!

in #trading8 years ago

BTW, another reason it looks more cluttered is because I was showing a lot of data. Here's a 5m chart with a bit more zoom on it. Also notice the dramatic increase in volatility that began expressing itself as the previous upmove came to an end (lots of wide spreads, low directional liquidity, etc)...

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There is indeed a lot of data, all of which is unlabeled. Since I don't know which particular plot represents which particular dataset, it is difficult to know which plot represents volatility, for example.

From your statement that volatility increased as the move upwards was ending, I am guessing the the disconnected blue lines above and below the main body of plots represent volatility?

What is the m in '5m'? It seems not to be months, or minutes..

Anyway, I strongly agree that with your platform I would be far less likely to throw away my hard earned SBD on foolish trades. Since I do not possess your superb tool to analyze investments, I am probably better off not making trades.

Interesting note: The day I first invested in equities, was the day the dot.com bubble burst. I lost almost 1/3 of the value of my investment that day, as I had told my broker to put it all in the raging tech equities that had been performing so well.

Over the next two weeks, my broker (morgan stanley) continually assured me that all was well. Finally, exasperated, I told them to sell everything NOW, and put it all in MEOH, which had just plunged to $2.50 from over $25.00 on news that California was angry at them.

It was a ten bagger, and by the end of the year, my account was up $80. I consider that both a warning, and a success story. It is a warning, because it tells my my timing is not just unlucky, but maximally unlucky - as my recent sale of SBD confirms. =p

Sorry to hear about your Internet bubble story, but truth be told we all get into those phases. That's why risk management and position size is so critical when trading and investing. But it does sound like you were on the right track with MEOH, so that's something to think about... :)

Regarding the chart, 5m = 5 minute chart, though it only prints if activity actually took place during that 5 minute period (or 1 minute period for a 1m chart, etc). Regarding increase in volatility, I wasn't talking about indicators, simply the underlying price action as shown here:

What you see there are people buying high offers and low bids with not much going off inbetween, until "out of the blue" it tanked. Think of it as a bit of "hot potato". Finally people just gave up, or placed stops just below that range, and when it broke, everyone piles in all at once and chases it all the way down.

Thanks for your helpful explanation. I am surprised at the spreads between the highs and lows. I didn't realize there was a $.10 range in price, otherwise I might have tried to lowball when I bought Steem. Or highball when I sold SBD...