Baron's Crypto Trading Journal

[VicBee]

I've just gone back over the entire thread and have to say, I'm really impressed by the time and commitment everyone has made contributing to it. It's passionate and analytical, serious and less so. Baron's commitment is unwavering despite the difficult situation cryptos are in. You've got balls!
I've written enough about my opinion of cryptos and BTC in particular in other threads but I too bought into it (speculative purchase) around the same time Baron started this thread and these are clearly not the happiest of times; I look forward to being down 50%. I'm just glad we've decided to hold for 10 years... 8 to go!

 

[ElCubano]

I've just gone back over the entire thread and have to say, I'm really impressed by the time and commitment everyone has made contributing to it. It's passionate and analytical, serious and less so. Baron's commitment is unwavering despite the difficult situation cryptos are in. You've got balls!
I've written enough about my opinion of cryptos and BTC in particular in other threads but I too bought into it (speculative purchase) around the same time Baron started this thread and these are clearly not the happiest of times; I look forward to being down 50%. I'm just glad we've decided to hold for 10 years... 8 to go!

VBee in da house

 

[virtusa]

I would never buy here.
Monthly chart is still not at the bottom.
Weekly chart is long but close to a short signal.
Daily chart is close to a top, after which the (weekly) short might start.

Baron bought almost at the top.
Sunday after the close the top was confirmed and we started the short.
We are already down more than 10%. So the thumbs up were again stupid.
I will leave the thread now again to the "thumbs up experts".

 

[ElCubano]

ugly... my 13k profit went up in smoke.

 

[virtusa]

ugly... my 13k profit went up in smoke.

And you even hit the new 12 months low.

 

[Handle123]

Sell rallies/hedged in long term declines.
Really wiped out stops today, expect market to go up a bit so hedged open profits.

 

[themickey]

That was a nasty move on crypto.
Makes me wonder if it is too instable to trade, like gold stocks, way too twitchy and speculative.
Looks like the 20,000 floor on bitcoin has disappeared, need give it a few days to see the outcome.

It will also be interesting to see if correlation with S&P500 breaks.
At 12 months, SP500 down 18%, Bitcoin down 63%.

 

[OptionsOptionsOptions]

• Perhaps ALL IN at this time might be best?
• Then hold and forget about it for a few years.

 

[virtusa]

• Then hold and forget about it for a few years.

People who did that in december 2017, are today losing money as we are below that level. So 5 years buy and hold and still a loss. Was buy and hold not going to beat traders who go in and out several times?

 

[ElCubano]

People who did that in december 2017, are today losing money as we are below that level. So 5 years buy and hold and still a loss. Was buy and hold not going to beat traders who go in and out several times?

Yes