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https://charts.bitbo.io/cycle-repeat/

I'm bored so just going to troll you guys. :) I posted this back on Apr18...

Really??? Everyone???. Why are you listening to talking heads? I posted this back on Apr18... Seriously the name of this forum should be changed to Novice traders.

My trading is not based on a rigid plan. It's more dynamic. My average is 800 @ 28.12 I've collected (not including the 16k pnl) $4075 in premium. So it brings my avg price to about 23.02 This is why I prefer selling puts...you are essentially getting paid to be wrong. :)

Translation: Sorry buddy, you missed the 10k boat 5 years ago. :)

Well part of the strategy is to start buying near the bottom. But as I posted with SPY even if you bought at the top, averaging down would have yielded excellent results over the one year downtown. I'm maxed out on GME. Since brokers use FIFO I don't know why they don't keep every position as...

Well, if you're buying you a hype. You have bigger problems.

Scaling in is the same as averaging down.

So basically dollar cost averaging.

Unless you got the absolute bottom which you won't, you are either averaging down or just holding on to a loser....which is fine. Averaging up makes no sense... by the time price is going up you should be loaded up.

Why would you add to a winner? All you're doing is increasing your break even.

There is never not a good time to average down.

See! The chart was showing 59k as a possible price target months ago when we were topping at 72k. The chart literally projected this drop. The news this time happened to be Mount gox. Last time it was FTX. If it wasn't them, it'd be something else . Perfect example of the news facilitating what...

Ok now I see it (22.51-1.50=21.01) Current price is 22.03, so relative to bitcoin BITO moved up $1.02 (22.03-21.01) So if no dividend payout we would be at 23.53 (22.03+1.50) It looks like any dividend drop is short lived followed by a pop, so I'll just hold till expiry to see if BITO recovers...

XRT Outstanding shares 6.1M Institutional ownership 30M Short interest 20M Off-exchange short volume 504k How do these numbers make sense?

Yeah the cup and handle. I've been posting for freaking months. Does anybody just give credit where credit is due ever??? Nobody and I mean nobody is ahead of me when it comes to projecting the price of Bitcoin. :)

BITO's next quarterly payment date is on Jun 10, 2024, when BITO shareholders who owned BITO shares before Jun 03, 2024 received a dividend payment of $1.77 per share. BITO's previous ex-dividend date was on Jun 03, 2024. The ex-dividend price on Jun 03 was $26.16 So how are you getting down to...

That's would be a load of garbage. How can it close at 22.55 and only open at $22 after bitcoin pops 4%?

100 Jul5 24.5 BITO CALLS @ .09 purchased on Thursday. Ok were on! The last time BTC retraced to this level BITO rose to $25.87... So tomorrow my position theoretically could be worth $10,783.80...but if you look at recent levels then I will barely break even. I bet price barely moves because...

This is why if I make a trade I walk away and let it play out. Stop losses most of the time stop profits imo. Does your broker not have oco orders? Also, I wonder if you're managing risk with position size if you calculate how many profits you leave on the table by getting stopped out early...