I have margin accounts. But I don't need them to short Bitcoin if I use the ETF BITI. If I shorted Bitcoin and held while it went up there is no limit to my losses as long as I can fund the account. If I buy BITI all I can lose is my initial investment. An example is SQQQ which shorts the QQQ has had 6 reverse splits since its IPO
I take it you then have a fair sized position started in BTCC.b and will be adding more if/when it drops. This is true. Sounds like a pretty good arguement for using stops and limiting your losses.
This is exactly the reason why every trader uses stops. There is a supply and demand every moment and when that gets out of wack, no theory will hold.
You just have no confidence in your trading if you use stops. If it drops just average down. Factor in risk of bankruptcy and that's it.
Will do. Probably going to hold them till July when I'm assuming I'll be done accumulating. Probably averaging down if we complete an ABC here up to about 68k or whatever... I'll do the fibs later.
I use stops and my confidence is just fine in my trading, thank you. Averaging down is not my game. If you make al what you are posting, a succes, more power to you. I really hope that with all the knowledge you have displayed also make money. You are intelligent enough. But how stupid would it be, that you are just posting your findings because you have to convince yourself that it works. Most people that are unsure about their knowledge, speak or write about it to other people to make it a reality. If that is the case, just let it go and stop predicting price and really learn what trading is all about.