Perfect example of why S&R is just plain wrong analysis.

Discussion in 'Trading' started by wxytrader, May 1, 2024.

  1. danielc1

    danielc1

    Good for you. The second one is mine: 5 op een rij.JPG
     
    #81     May 5, 2024
    Wide Tailz and wxytrader like this.
  2. schizo

    schizo

    You seriously believe he will update us with his exits? Sure, about a month later.
     
    #82     May 5, 2024
  3. My exit is like 2 months later from now.
     
    #83     May 5, 2024
  4. deaddog

    deaddog

    Time will tell. I think it will depend on where BTC trades.
    I know he doesn't like to have losses so we'll see if he averages down.
    BITI could drop significantly if BTC rallies to new highs.
    I don't understand having a long and a short position at the same time, some kind of hedge I guess. Somewhere down the line you can show a big win and claim no loss because you haven't sold the losing position.
    Not my cup of tea as I don't like to tie up capital.
     
    #84     May 5, 2024
  5. The biti is just a little kicker position to make some money if price drops which I'm expecting. If price takes off to a million now, well it's a win-win. Price drops I average down and cash out the biti win win.
     
    #85     May 5, 2024
  6. poopy

    poopy

    #86     May 5, 2024
  7. The time to enter was last year November. If you missed that then you missed a 10 bagger. :)
     
    #87     May 5, 2024
  8. deaddog

    deaddog

    Not sure exactly what a kicker position is, can you explain.
    I'm under the impression that you don't take a full position right off the bat, so that you can average down as the price falls.
    Again I'm assuming that your first entry would be in the neighborhood of 1/3 a full position, please correct me if I'm wrong.
    So you have started a position in BTCC.b and have a kicker position in BITO.
    How big is a kicker position compared to the position you have started in BTCC.b?
     
    #88     May 5, 2024
  9. Kicker like a kicker motor on a boat...right now it's 1/2. I may add more at 68k to 1/1
     
    #89     May 5, 2024
  10. Kicker like a kicker motor on a boat...right now it's 1/2. I may add more at 68k to 1/1
     
    #90     May 5, 2024
  11. Kicker like a kicker motor on a boat...right now it's 1/2. I may add more at 68k to 1/1
     
    #90     May 5, 2024