There's still $150k of value if I decide to sell now I think at this level, bitcoin could start to go up and bring mstr with it, increasing the value of the options I don't feel so bad now, I've accepted whatever happens, even the remaining options go to $0 Part of the healing process
Yep there'll probably be a bounce in btc (and mstr) fairly soon. You're obviously a lot more resilient than me, which is essential for surviving these rollercoaster markets.
Did you study from Jim Cramer's Chart Analysis University? I hope you did not lose too much on your trade
I myself am turning quite bullish as well. Its like in the stock world when they say that even when more bad news can't push the price down, the floor is likely in. Its only been a couple of days since the worst of the bad news, but after not being able to stay below that range I outlined in the other thread, I think this is highly bullish. If people don't want to sell anymore at this point, I think there are just too many people scooping up cheaper bitcoin, and I have to say, even I missed out for fear of going lower. Now I'm gonna have to chase a bit which totally sucks. If we can get back to ATH in the next few months with the government throwing everything it can at trying to kill bitcoin, I think this opens up yet another chapter in adoption. This isn't like a stock where most people who wanted to buy Apple or Tesla already have. There is still at least 95% of the population who needs some exposure to bitcoin. I haven't been able to get a single person at work to even look into bitcoin. So with the number going up, and the government guaranteed to keep making things better, many of these people will eventually discover it on their own. Every video I watch of someone crying how hard it is to survive in the world today is an advertisement for bitcoin in my opinion. Everyone knows there is a problem, but so few know there is also a solution.
I did notice today I recovered 183 bucks in the green for the 200 MSTR strike. That's a few cases of pop (soda) in woke-broke Canada. Seems this week worked out pretty good for me. Very early I sold 10% of my BTC calls, getting worried things would go south. Sure enough, after I did there began an utter panic with even perma-bull Youtube gurus all stating that everything was so terrible and we are headed into a collapse because of the Fed and blah, blah, blah. I immediatly shorted PUTs on WULF to take advantage of the fear. And now that the super-scary FOMC is over, and it wasn't as bad as everyone feared, we're all bullish again... and looks like both levered long and levered shorts got taken to the cleaners in the same week. For the record, I'm not saying the FOMC was good news. It is downright terrible and atrocious the situation the US government is in. But the fact is, those who move the markets were worried it would be WORSE news. That's what counts, so now we're overly bullish again...
I am a full-time day trader trading futures only. Too bad I didn't swing trade and short MSTR a few days ago. I studied at Maxinger's Chart Analysis University. I know you don't read charts. And you use gut feeling / faith. And you are good at it. My respect to you. MSTR is still in the down channel. The next Q is How Low will it go? Will it go from 4 to 3 to .... digits?
With all due respect to Maxinger's Chart Analysis University, but mstr is up 20% or 200 points in one day! mstr follows btc and btc is still going up after hours, but it's the weekend now, so we have to wait 48 hours before mstr starts trading again I would not advise for you to swing trade short mstr Good luck in your day trading futures
Yes! It's all over my Twitter timeline, but I still don't know why or how, one post I saw was the GBTC airport ads are working! Definitely super bullish as there's too much demand from less-informed buyers to overwhelm the (natural) sellers of GBTC Some of the other bitcoin spot etf's had record inflows... money printer is back! brrr