MSTU long term position

Discussion in 'Trading' started by wxytrader, Mar 4, 2025.

  1. deaddog

    deaddog

    It will be interesting to see how it plays out.
    Oh and the universe where MSTU doesn't finish over 7 bucks in Sept is one where the enonomy continues to react to MAGA. Or BTC continues its downtrend.
    You gotta remember that the market doesn't like you. :D
     
    #61     Apr 9, 2025
  2. Didn't realize how much this is rallying LOL.. I sold 50 May2 6 puts I was kind of hoping on getting assigned.
     
    #62     Apr 9, 2025
    johnarb likes this.
  3. Pnl 7k today...now had I been a daytrading fool, I would have been out for a -2k loss on the first day lol, and -4k the following day. :)

    "Trading is no different than gambling if you rely on stops."
    wxyguy
     
    Last edited: Apr 14, 2025
    #63     Apr 14, 2025
    johnarb and cesfx like this.
  4. deaddog

    deaddog

    Did you close the position?
     
    #64     Apr 14, 2025
  5. maxinger

    maxinger


    Counter-trend trading could be extremely profitable.
     
    #65     Apr 14, 2025
  6. Not yet. I will probably close out if btc reaches 92k over the next couple weeks...according to my sheet that would be a pnl of about 15k.
     
    #66     Apr 14, 2025
    johnarb likes this.
  7. deaddog

    deaddog

    :thumbsup:
     
    #67     Apr 14, 2025
  8. deaddog

    deaddog

    Heres the Jan quote I remember
     
    #68     Apr 16, 2025
  9. 50k (48k) was referring to the 80% retracement from 250k which is the statistical top of this post halvening run.

    70ks was/is referring to the current correction.
     
    Last edited: Apr 16, 2025
    #69     Apr 16, 2025
  10. Sekiyo

    Sekiyo

    I don’t think so.

    Primary objective is to capture the trend.
    Counter trend is secondary and can be detrimental.

    You can try to capture every up and downtick also. Extremely profitable on paper.

    +1+1+1+1+1+1+1 … whatever the trend (or not).
     
    Last edited: Apr 16, 2025
    #70     Apr 16, 2025