Baron's Crypto Trading Journal

I just want to chime in here and remind everyone that a ton of the selling you are seeing is strictly related to tax obligations. The mainstream media wants you to believe that the sky is falling for a variety of stupid and baseless reasons but the reality is that a ton of people had taxable trades in 2021 that need to be accounted for. Just keep in mind that the year in question is one where ETH started at $750 and ended up and $3,769, and that's not even considered an "AltCoin". The tech support guy at Verizon who made dozens and dozens of crypto trades in 2021 has no ability to pay his crypto profit bill out of his weekly paycheck. The only solution for the last-minute procrastinator: sell crypto to cover the bill. If we stabilize here or continue to dip lower later this week, I will be buying more.
 
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Baron said:
...The only solution for the last-minute procrastinator: sell crypto to cover the bill. If we stabilize here or continue to dip lower later this week, I will be buying more.
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I love your devil-may-care approach to this. Because it's WORKING! Fuckin' A!

 
Baron said:
My updated order history for this journal is attached.
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This is an odd trade:

  • Jan 20 buy 1.47 SOL at $135.29 for $198.87
  • Looks like you were testing the waters with SOL, or a fat finger trade.

EDIT: I think I figured it out. It was a free promotional SOL position through the broker.
 
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I've been monitoring the markets pretty close recently and the "L" word I've been looking for in the crypto news headlines has been appearing frequently the last couple of days. If you've been following my journal, you know that the "L" word is "Liquidations". When I read that over a billion dollars worth of leveraged positions were force-liquidated, that's a buy signal to me. So I'm going to buy some SOL in a minute or two.
 
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