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You are literally just repeating what the chart is showing LOL and trying to take credit for it. :)

I don't understand if you don't have an exit point how can you possibly have an entry point? You need to know statistically where price can reach before entering, and then exit accordingly. Setting profit targets willy nilly at 10% etc is for amateurs. You exit when you have reached maximum...

That will depend what happens at (X)...it would be setting up a 7 swing correction which is common. (ABC (WX) ABC) (This is loosely drawn in...C can extend farther depending is we get a running, flat or extended leg.)

A 1SD move at the current volatility, by AUG8 will bring BITX price to about $31.09. So even with this move you are still at a loss on your AUG16 BITX 30 PUT that has an ask of 1.75 currently. Here it is on the chart...the green line is 1SD, and the red line is AUG8. This is why I only sell...

Don't blame the chart...the problem is overcoming the options premium and theta decay. Plenty of pnl opportunity if you are just trading the underlying...just takes more capital.

You can't lol. If you are thinking a retrace back to low 50k by AUG16 expiry, then the corresponding BITX PUT price would be about $30 strike. You would need price to hit 28 by AUG8 just to make 1k...and you are risking 1.75*10*100=$1700. That's garbage. Even if it PASSES your strike on...

How is this a top lol? You are in the middle of a double correction. There is no such thing as tops and bottoms in the sense that you are describing...only degrees of extensions depending on where you are in the pattern. Are you saying we might retrace back down to the low 50's again...

What was your position? What is it worth now if you stayed in it?

Can we just close and sticky this thread? I have already told you all months ago where this is headed lol. It is really frustrating watching you all scramble trying to justify price action when the chart was telegraphing it back in March.

Can we just sticky my Bitcoin thread so we don't keep rehashing Bitcoin price. I told you all this is likely going to low 50k's back in March.

Spent like your money when your stop losses get triggered? :)

All nonsense...they aren't referring to stops. They even did a study on hedging and stop losses performed worse than hedging with puts or heading with futures...I can't find the article. BUT there is another article showing that if you bought spy at the worst times in history...ie before the...

I've read Natenburgs Options volatility and pricing so that's basically the depths of their knowledge. Anyway they're not making any money worth mentioning. Option strategies are just playing both sides of the fence.You don't get rewarded for not taking risk. That's why they blocked me because...

That's the only way to make decent money in options...other than selling premium.

Would you do it for free? Then open up a paper account. The reason to trade is to make money.

That is a completely assessment. Swing trading <> daytrading because in day trading you are accumulating losses every time you get stopped out or close a trade for a loss at the eod. The problem you guys are having is you are trying to manage risk with stop losses so you are essentially gambling...

Swing trading is just a more efficient form of daytrading. BNL, touted the greatest day trader in history was actually a swing trader. Why make 10 trades when you can make 1 trade? Plus you can trade 10 stocks at once and not be this guy. Disclaimer I have 4 monitors.. Also, you don't have...

Yawn.

The smartest thing I've done is not doing the dumbest thing which is using stop losses. :)

You might have missed this but I mathematically explained why bitcoin is the price it is today and is not a Ponzi scheme any more than gold or fiat is.