MSTR as a defined-risk trade for asymmetric risk-reward

low 50k's for bitcoin is never going to happen, dude. don't even think about it, it's a waste of time fantasizing about it

It happened during the summer doldrums, Q4 halving year is the most bullish period

period

 

I don’t think he’s worried about it, some of them don’t blink at a $500k fluctuations.

I love seeing you and Johnarb discuss MSTR through logic and reason, it’s a refreshing! Wxy I bought 1000 DRUG at $4.49, is it overbought at $10.20?

 

DRUG $14 now

 

Not if they are worth 50M, but they will blink if they are worth 1.5M

 

It can be...and will be at some point after it finishes the correction.

 

For those of you who harp about EW not being useful intraday...I have been giving you a play by play today....I usually don't bother with the lower time frames unless honing in for entry/exits.

 

My DRUG took out $18. TA is tough on short term frenzied stocks. $3 to $18, how can you gauge it?

 

I typically don't do short term...or use stops.

 

On a crazy stock like this you can’t use stops if you plan on making a big move. Halted at $24

 

Oh lol! What happened? I'm surprised they didn't do more splits...pay day!