1/2 of what? 1/2 a position or 1/2 of your initial position in BCTT.b. How about a hypothetical example. If your full position is 100K How much is your initial position and how many times will you average down to get to a full position? (Do you buy 25K to start and add in 25K tranchs until you have a full position?) How much is a kicker position in dollars. FWIW The boat I fish out of has twin 150s and a 15 horse kicker. (not mine)
You're putting more thought into it than I am! The short is half of the long right now. I may add to biti if we hit 68k. The play here Isn't biti though, it's loading up BTCC.B.
That's because you know what your plan is and I'm trying to figure it out. You have to dumb stuff down so that I can understand you. That's what I understood, if the price of BTCC.b falls you will average down. How many adds do you typically do before you reach a full position? Any hint as to where the next add might be?
This is pretty much my plan. These lines are just eyeballed. I will start to do fib levels when we complete each leg. Here is the current A leg we are on.
That made me think of an old episode of The Beverly Hillbillies. Granny was watching the weather report and shaking her saying the meteorologist was wrong. Granny had a bug of some kind in a little glass case that predicted the weather. She just interpreted the movement of the bug as the superior method for predicting the weather.
Wxy is harmless,he just has an unusual style. He starts threads which are essentially call outs and it works. Has promoted some pretty useful exchanges of information actually IMO. He may be a secret genius.
I also believe he is very intelligent, but in reality, about trading, he is just on another level of the Kruger Dunning Curve.