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Firstly the object of entering an investment championship is to prove you are capable of trading. You want to prove you can trade so you can sell trading courses or manage OPM. Secondly if you are known as a successful trader, how often would you receive requests to teach someone how to trade...

Thanks I'm a TA swing trader, rarely look at fundamentals, find they bias my thinking so that I ignore whats happening on the chart. I do look at your picks with an eye for set-ups I trade. Appreciate your contributions.

@vanzandt Nice to have stock pickers, rather than the futures day traders, making posts. I'm curious as to how many of these picks you actually hold in your portfolio? Do you actively trade in and out or are you more of a long term holder. I'm sure you have mentioned this in prior posts but...

Thanks, Where did wave one start?

There is quite a difference between the retail investor and the retail trader. For the most part I would think the retail investor is buy and hold. He/She may or may not out perform the index but for the most part they are probably building wealth. The retail trader is probably losing.

Could you go back a few months and show wave one? I'm curious as to where it starts. A line chart might be easier to show the waves.

Sorry about that I missed the C on the chart at first glance. I have punished myself!! So your saying that with EW and fibs as your guide, you predict that the price could go up or it could go down. :) I've been looking at EW to see if it's a tool that I might use. Finding it very confusing at...

Oops Just noticed the c on the chart

That's where we are now. Drawn in hindsight. Are you expecting C to be lower than 65 or have we already hit C

Is that the only stock you are playing?

What are you waiting for? There is no downside risk

Doesn't the wild fluctuations concern you? It doesn't seem to have the ability to hold a certain value. I'd put faith in a painting thats grown in value over the years over something that could be worth 1/2 of what I paid for it a year from now. The question I'm asking myself now is not how high...

But he said

And the reason you are not fully invested in BTC right now is?

That's true. But I didn't. I didn't buy and NVDA either. :( I have been legging into BITO. Might get stopped out with a nice profit soon.

I do see a downside risk. And I'd guess that you do also or you'd be fully invested right now rather than waiting for a opportunity to average down. As for putting BTC up for collateral, where can you borrow fiat with BTC as collateral?

Doesn't it fluctuate too much to be considered a store of value. If you know that you need 100k a year from now where do you put your 100k today? I'd put it in cash or equivilent. I certainly would not put it into BTC. I would class BTC as a risk asset, not a store of value.

You could be averaging down with BITI while you wait.

How about when you invest? Any stocks/ETFs/funds underwater in your portfolio.

Why is that smart?