I put Jack on ignore a week or two ago. Just couldn't stand his posts. I get he is a bear, but he didn't really add anything useful so now I no longer see his posts. But I can still see that he starts a ton of threads based on the main page though! LOL
the dominos are falling fast scam of the millennia as soon as Tether implodes , BTC < 10k instantly Sell now Posted as a pubic service 2022
I wasn’t referring to any particular market to trade but just to learn to trade. Specifically, short-term trading. You could trade Bitcoin. You seem to have a shallow understanding about stock trading. I don’t quite get your risk to reward thinking. Are you saying you can’t make big profits in the stock market? The stock market is huge. You can’t have an account too large for it to handle.
We're having a misunderstanding. There are unlimited amounts of money to be made in trading stocks, ETF's, options on both, futures, bond market and cryptos I'm not a short term trader, more like a swing trader with most holding time of 1 month or longer. I also call myself an FA trader as a result, I trade on fundamentals I'm not good for trading any of the markets above without taking a risk that I consider the reward to be too low. I would take that risk if I think the reward is worth at least 300% ROI ------ An example of a position I put in recently which is in the stock market, is MSTR call leaps options ootm If btc goes above $60K before Jan 19, 2024 and MSTR follows the valuation model it had in Nov vis-a-vis BTC price, I believe my options will be worth over 400% ROI based on intrinsic value of the options, alone
Yes, I was referring to short-term, intraday. It’s not for everyone. That MSTR position is like buying a lottery ticket. Must be one of those asymmetric bets you were talking about. What I would call gambling.
I don't own any crypto but if I was going to buy any it would only be Bitcoin. I don't see any point in diversifying in this space. That's what late stage bull markets do. They suck in people who'd either been previously sceptical or ambivalent. It happened to me with precious metals in the late 2000s. If this is an average Bitcoin bear market (or winter as johnarb calls it) then it shouldn't fall much further. We're already at just over 70% drawdown. https://bitcoincharts.com/charts/bitstampUSD#ig2-hourzczsg2021-11-09ztgCzm1g200zm2g25zp But if it's Bitcoin ice age...