I'm not trading sizeable or anything nor am I a pro but I'm pretty proud of myself that I can do this reasonably consistently now. All I need to do is do this for a few years and then YOLO everything into calls for the next $TSLA
5 bitcoins or $250K per trade If that's too high in relation to your trading account, then whatever you think is sizable for your account But please don't insult us with a $500 trade size as if it matters It has to hurt if the trade goes against you
How about I show you the 20 bitcoins I showed you last time that I have not moved as true to my statement I'm an investor Sir, you're gonna stay in cash, that's mighty brave of you, don't you think you need to put some skin in the game and short bitcoin $250K size since you think the trend is down? Man up, sir, you can do this as a trader that you are. Don't tell us you are scared? Short bitcoin etf's, Sir. $250K and post a screenshot
I just play long. I'll buy when it makes sense. All you want to see is if a trader can outperform an investor. I'll show you how.
Ok, got it 5 bitcoins for investor @ 48,878 = $244,390 Today is 12/6/2021 Let's track your trade performance against that
Don't you have a tinge of regret that had you sold all or some of your coin when it began to trend down that you would now have the cash to buy a lot more.
Not true. Satoshi Nakomoto has 1 million bitcoins and went from zero net worth to 50 billion net worth. The largest Shiba Inu holder bought $8k when it was peanuts, recently he was worth $5 billion just a year plus later. Dropped abit since the crash but his still worth a few billions. I believe Winklevoss Twins bought $14mil worth of btc at $200. Became billionaires in the 2017 bullrun.
No, I do not have a tinge of regret since I cannot see the future and suck at trading Do you have a tinge of regret you did not buy 9 bitcoins at $28K a few months ago or 80 bitcoins last year March 2020 with your $250K capital? If I sold at $69K, I would be out of position and would not know when to buy in, buying at bottoms and selling at tops is an Elite Trader skill I do not possess I'm a hodler (investor) And trading in and out would incur taxes I have no idea how to handle. I've already cashed out over $500K at the beginning of the year that is already causing me enough anxieties for next year's tax filing I just want to settle the tax obligations and see how bad it its, trading in and out as you describe is not something I want to put on myself or my tax accountant
There are so many stocks and other investment opportunities I have missed that no too much bothers me. It would have been nice to own a couple hundred bucks worth of six cent bitcoin. As an investor (Years ago) I lived through too many meltdowns to be comfortable with them. The tech wreck was the worst as I had just started living off my investments. I didn't sell at the bottom and everything eventually recovered but I found I would sleep much better if I took some responsibility for how my capital was performing. Came up with a trading strategy that solved that problem. Kept me out of 2008 and 2020. As for the taxes, I'd suggest you discuss it with your accountant. You'll have to pay it eventually and I doubt you'll be the richest man in the graveyard. I can tell you a couple stories about stocks I didn't sell because of taxes that didn't have a tax problem when I did sell them. As a buy and hold investor, what are you doing on a trading site.