Baron's Crypto Trading Journal

Discussion in 'Journals' started by Baron, Oct 5, 2021.

  1. #381     May 11, 2022
  2. SunTrader

    SunTrader

    Same for equities.

    12k might be about to break on $NDX
     
    Last edited: May 11, 2022
    #382     May 11, 2022
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  3. SunTrader

    SunTrader

  4. Baron

    Baron Administrator

    Not as good of a position on the list as I would want, but I'm working on it. :D:thumbsup:
     
    #384     May 31, 2022
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  5. Baron

    Baron Administrator

    As a goal, I'd like to shoot for 100 bitcoins or more in this journal by the end of 2026. If these knuckleheads keep capitulating and getting liquidated like they have been recently, then this should be a totally achievable goal. :thumbsup:
     
    #385     May 31, 2022
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  6. virtusa

    virtusa

    At the actual price it would cost you 3MM more or less. But I suppose you want to buy cheaper. A problem that can occur is that while you want to buy cheaper you might get the same result as you have now. Each downwards move you bought and the result is pretty negative till now.

    Theoretically BTC can go to zero or increase infinitely. I hope you will not encounter the moment that, while going down, it never recovers anymore. You probably think that this will never happen, but there are thousands of traders /investors that experienced, and will experience in future, in real life that this can happen. Some even lost all they had, so even their house (and wife, which sometimes is not a bad thing).
     
    #386     Jun 9, 2022
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  7. virtusa

    virtusa

    I have been in business too. I sold mostly things that I would never buy for myself. I even sold products that looked horrible to me. But I sold products that generate profits.
    So Fidelity does that too. It does not mean that they believe in the product. They only believe that they can make money from other people who will go for BTC.
    A good salesman watches the potential to make money by selling something, no matter what the product is.
     
    #387     Jun 9, 2022
  8. SunTrader

    SunTrader

    I started/built/sold two businesses (1 retail/1 service) and know that businesses provide what customers want .... or they go out of business.
     
    #388     Jun 9, 2022
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  9. virtusa

    virtusa

    Many crypto fans confuse that with their biased opinion.
    There is a saying that goes a follow: It is three times cheaper to keep a client then to him with a new one.

    That's why many financial institutions start with crypto's. Not because they believe in the product.
     
    #389     Jun 9, 2022
  10. SunTrader

    SunTrader

    Missing the point. Sure you were in business? ;)

    What the customer believes in is what matters.
     
    #390     Jun 9, 2022