Baron's Crypto Trading Journal

[VicBee]

Agreed. I think it's time for you Johnarb to stop name calling virtusa to deflect his criticism of Baron's trade choices and timing (Baron's a grown up who bought a Plaid ffs!) and I think virtusa you need to toughen up a bit so as not to be easily offended at every criticism you receive, considering how much your dish out. Right?

I for my part would like more introspective posts from virtusa regarding his trade choices and timing so I, a novice, can learn from experienced traders. I enjoy Baron's long and thoughtful replies which give insight into his decision process.

 

[themickey]

Actually this journal is just like surf's.

Surf ran two noteworthy for the wrong reasons, multi multi page journals, one was about Gold, the other was Dow Jones.
Surf got both calls ass about face, that is he was either bullish or bearish (can't quite recall direction) and he was 100% wrong.
Despite both gold and dow heading one way, Surf was adamant his opposite call was right.

That's exactly what's happening here, bitcoin is heading toward the grave and OP is bullish and buying against the trend.
The only difference I see was Surf was full of porkies which created numerous uproars, not so the OP.

 

[ElCubano]

I think it's about time for a palette cleanser.

So I recently got the Tesla Model S Plaid with a 0 - 60mph time of only 1.9 seconds.

View attachment 300315

And let me tell you. All the claims are legit. This thing is an absolute rocketship! I've never experienced acceleration in any other car before like this. So from a trader's perspective, any opportunity that you have to get into TSLA or another company focused on electric vehicles, lithium-ion batteries, etc. at a decent price, JUST DO IT. Your investment will prove to be so worth it within a few short years. This is the future.

nice. Zero to 60 in 1.9 is fast and with very little noise. You have no idea how many times I’ve come close with my bike bc you can’t hear them coming.

 

[ElCubano]

Agreed. I think it's time for you Johnarb to stop name calling virtusa to deflect his criticism of Baron's trade choices and timing (Baron's a grown up who bought a Plaid ffs!) and I think virtusa you need to toughen up a bit so as not to be easily offended at every criticism you receive, considering how much your dish out. Right?

I for my part would like more introspective posts from virtusa regarding his trade choices and timing so I, a novice, can learn from experienced traders. I enjoy Baron's long and thoughtful replies which give insight into his decision process.

Advice from the Vice-bee, spot on.

Baron bought hi hasn’t sold low, then bought a TSLA now pushing TSLA stock ….

virtusiiiiiii strap it on kid. What the next call on BTC?

 

[virtusa]

If you call "balls" sitting behind a keyboard and typing an opposing opinion through an anonymous username, then yeah, I guess you're right.

Now if he would have called BS on my trades and took the opposite position with equivalent money in his own account and documented such activity for verification, then those actions would have been worth giving out some compliments for. But he's never made a crypto trade in his entire life, nor will he according to his own posts because he doesn't understand why anyone would ever use cryptos to begin with since the fiat system is so perfect.

That's the typical reaction from Baron. Simplistic and hilarious logic. The narrative should confirm his story.

• I posted already many times on ET that I don't trade scams. Scams can be manipulated anytime and can cause problems for my trading system. Manipulation is difficult to be managed in a trading system.
  
• I also posted already many times on ET that I make much more money, and with much less risk, trading the ES. Why should I take more risk and even get less return trading BTC? I think that my choice not to trade BTC just confirms my POV on crypto's.
  
• I also should follow two different items which results in much more work. All this for less return and more risk? As the money invested in BTC will never give me the return I have in the ES. I am not an idiot. Idiots maybe might follow Baron's logic.
• Baron is using "not taking the opposite positon" as a very weak, if not hilarious argument. Proofs that he has no real arguments.
• I also read again the argument " BTC has many big drawdowns and always recovered". My answer to that was always "Past results are no guarantee of future performance.". Nobody can predict if BTC will recover after a crash. It is pure gambling.

 

[Baron]

That's the typical reaction from Baron. Simplistic and hilarious logic. The narrative should confirm his story.

• I posted already many times on ET that I don't trade scams. Scams can be manipulated anytime and can cause problems for my trading system. Manipulation is difficult to be managed in a trading system.
  
• I also posted already many times on ET that I make much more money, and with much less risk, trading the ES. Why should I take more risk and even get less return trading BTC? I think that my choice not to trade BTC just confirms my POV on crypto's.
  
• I also should follow two different items which results in much more work. All this for less return and more risk? As the money invested in BTC will never give me the return I have in the ES. I am not an idiot. Idiots maybe might follow Baron's logic.
• Baron is using "not taking the opposite positon" as a very weak, if not hilarious argument. Proofs that he has no real arguments.
• I also read again the argument " BTC has many big drawdowns and always recovered". My answer to that was always "Past results are no guarantee of future performance.". Nobody can predict if BTC will recover after a crash. It is pure gambling.

I like Tesla cars. The one I posted a page or two back is my third one. However, I'm not a fan of Jaguar and Aston Martin vehicles. Every person I know that has owned one has complained about those brands constantly having problems and poor reliability, so I truly have no interest in them whatsoever. I would never in a million years visit a car forum on a daily basis to continually tell Jaguar and Aston Martin owners how much I think their cars suck. It would just be a complete waste of my time if I did that.

So let me ask you...

If you think crypto is a scam, and that trading crypto is pure gambling with high levels of risk and less return than trading the ES, then why do you spend so much time writing and reading posts in a forum about cryptos that you have absolutely no interest whatsoever in?

 

[ElCubano]

Scam or not..I'm not pointing fingers (@Pekelo) but had some of these naysayers invested since they started calling BTC hi's OMG they would have gotten paid... But lets leave names out of it.

 

[virtusa]

If you think crypto is a scam, and that trading crypto is pure gambling with high levels of risk and less return than trading the ES, then why do you spend so much time writing and reading posts in a forum about cryptos that you have absolutely no interest whatsoever in?

To warn other people about the scam. Maybe I avoided a multi thousand dollar loss for some people, while others prefer to stay in and take that loss.

People who wanted to buy one year ago and did not because of what I posted, can buy today 3 to 4 times more BTC for the same money. People who would have that experience would tell to their friends that Elitetrader is the place to be. But it looks to me that you don't want that for some (bizar) reason.

My question: why does it bother you that I give my opinion?

I was thinking that on ET people share information. Found that somewhere written by you where you were promoting your website.

 

[virtusa]

That's it?
You claim he's lying for that one reason?

Perhaps virtusa trades an auto system aggresively using $1000 as initial capital each year and pulls in $10,000.
Maybe he has a high risk high reward system and $1000 is all he's prepared to lay on the line.
Quite do-able.

@themickey

Ask him to show a printscreen so that we can check/lookup that post online. He can tell anything. I know I spoke about 1000%, but I think I never said 10 years. That part was added by him.
Daytrading and make 10 times your initial investment is not impossible. If you make every day 1 point ES net, you already go over the 1000%. I use compounding and take out all profits every now and then. So the billionaire story can never happen.

 

[Frederick Foresight]

I like Tesla cars. The one I posted a page or two back is my third one. However, I'm not a fan of Jaguar and Aston Martin vehicles. Every person I know that has owned one has complained about those brands constantly having problems and poor reliability, so I truly have no interest in them whatsoever. I would never in a million years visit a car forum on a daily basis to continually tell Jaguar and Aston Martin owners how much I think their cars suck. It would just be a complete waste of my time if I did that.

So let me ask you...

If you think crypto is a scam, and that trading crypto is pure gambling with high levels of risk and less return than trading the ES, then why do you spend so much time writing and reading posts in a forum about cryptos that you have absolutely no interest whatsoever in?

You raise an interesting point, and the way you present it does make virtusa's participation on crypto threads appear somewhat awkward.

However, let's take your analogy a bit further. Suppose you are an automobile aficionado actively engaged in assessing product offerings. And, as you pointed out, no one you know who owns a Jaguar or an Aston Martin is enamored of their vehicle because of reliability issues. And, as an automobile aficionado, you actively follow commentary online about different vehicles from both an ownership and product feature perspective. Now suppose that you find yourself in a forum populated primarily by Jaguar owners who tout the virtues of Jaguar ownership, claiming it to be the best car on the road and largely the only one worth buying. How it is completely reliable (i.e., "Bitcoin is great when it's going up, and even better when it's going down - because you buy more!"), and that there are only Jaguar winners if they believe hard enough and long enough. And how, in time, they'll drive you to the moon without an oil change.

As a self-respecting car enthusiast, you'd probably be inclined to visit that site from time to time to watch the clown show, and to throw an occasional and well-deserved tomato.