Recent content by WallStWhizKid

Put in an order for 20,000. Never retested the breakout. Easiest short. When everyone on the planet is talking about bitcoin is usually when a short term top is hit. Too many retail sheep out there believing it's going to 100K overnight. It could hit 100K I won't deny that but u will see 20K...

Play the price action not bias or opinion. SPY could run to 500 without a serious pullback. Nobody knows. Tesla is proof of that. $500 million in profits all from carbon credits, 1% of the market yet is nearing $1 trillion market cap and is valued more than all the other automakers X 2. If you...

You can short it down to 8700 without any risk. Free money!

Critical price point here! I see 8700 hitting this week if this 10,600 folds on the daily. Will be under 1,000 within a year when Trump bans Bitcoin in the US. I was dumbfounded when crypto permabulls got excited Trump mentioned it. Trade it don't own it. This current bull run will end in...

James Simons puts everyone to shame. He wasn't even mentioned once in the 9 pages of replies. Doesn't even have to trade. He lets his machines do it for him and cashes in $1.5 billion a year on average. Never a losing year. $23 billion net worth. In 2010 he had $8 billion cash in 1 of his...

Simons was the best there was or ever will be. Presses a button cashes out billions a year. Simons is a short term trader. You can't compare the 2 styles. His main fund that produces the bulk of his income, the Medallion fund, is private. Nobody really has a clue how much he's making or is...

Bill Gates would be worth north $220 billion right now provided he never gave any money to charity and held his MSFT stake. I've included DIVY income. He held 24% of all outstanding shares. Warren B would be worth north of $150 billion plus if he didn't donate any of his funds. Bezos first...

Nice comeback. Getting out of a hole is mentally one of the hardest things to overcome.

Market loves the yo yo to keep bulls and bears off balance. They give you huge fades and huge spikes last 3 days so it's hard to stick to a position. aka volatility rising. UVXY huge 30% move this week then a 30% dump. Bulls laugh at bears thinking everything is kocher. Most new traders don't...

Tomorrow is the start of the correction. 276. Look for it in next 2 weeks. Got PUTS!!! Technically $SPY 282.40 support officially broken. 280.85 next up then 280 and you can kiss it good bye. ALT COIN will lose 99% of their value from current levels. Most already have been devastated. ETH is...

Crypto market hit $800 billion putting on more than $20 billion in cap in a day. One way to research potential moves is $ volume. There can be money made on these if you do the research just from the dollar volume. Find first above average dollar volume push then load up. Same principal as...

I'm not giving you price points on the parabolic moves in the other alt coins. Those, I agree, are hard to pin because they are the same as penny stock frauds. I'm keeping my studies specifically toward Bitcoin. I gave 2 posts about that. First one was the short. I gave ball park figures where...

Play the price points! This is how bulls/bears get slaughtered. Bull camp says going to the moon. Bear came going to tank. Outside of 5 minute candle it's really pointless to make a prediction where something is going to be 1 year down the line. Bitcoin could hit 1,000 or 50,000 but that is...

Look at Litcoin shoot up from 250 to 310 depending on what exchange. Money rotation musical chairs continue. This one has been dead money for over a week till today. Bitcoin dancing around 16,500 established it as support. We should see the big spike based on pattern no later than end of day...

Retail still hasn't entered the market. Market tops are only created once retail money enters. Net outflows since 2012 were $1 trillion from retail mutual funds. https://www.wsj.com/articles/as-dow-tops-25000-individual-investors-sit-it-out-1515099703?mg=prod/accounts-wsj We're seeing that in...