Baron's Crypto Trading Journal

[hilmy83]

I see already that you are also puting words in my mouth that I never said.
The text in bold is wrong. I spoke about 1000% in 2021, from january,1 till date of the post (april 2021).
Not in 10 years, and also not 10 years in a row.

I traded a $5,000 account up to +$60,000 in less than 4 months. I needed to make average less than 2 points ES net per day. My long term daily average is higher than 2 points ES net per day.Know it is up to you to find out how I did that. I will not make anybody smarter on ET.
I will go now as markets will open soon.
Just show us if you found out how I did it.

Considering that it is ES, most likely some reverting to mean approach. 2pts is just 8 ticks. You probably don't use stops, or if you do, very large one so not to be swiped by noise.

If you do breakout, it's similar. Take 2pts during large volatility, maybe off the 1-5 minute opening range.

Possibly averaging in.

1000% in 4 months is doable like I said. I've done close to that with journal in other forum at like around 25-30k starting. But i did it with high risk. I have a feeeling you did too starting with just 5k and trading ES.

 

[speedo]

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?

It's the sort of thing that people with no life do each day.

 

[NoahA]

1000% in 4 months is doable like I said. I've done close to that with journal in other forum at like around 25-30k starting. But i did it with high risk. I have a feeeling you did too starting with just 5k and trading ES.

Exactly, but how possible is it to do it now with way more money on the line. Even if the ES can handle your order going from 2 contracts to 10, the question is if you can handle it psychologically. The trick with these types of trades if you gotta keep taking them. But the psychological loss after a few in a row makes you re-evaluate everything and then one drawdown makes you stop.

 

[oraclewizard77]

Many people, including me, were already called an asshole. Never there was any sanction. If Baron would ban @themickey it would be discrimination . Or is Baron some kind of a God that has a status that nobody else has??
Your proposal belongs in the world of dictators like Putin or radical muslims.

No, your friend asked someone to be banned for saying you are a liar, but then called someone else another name. So if being banned for calling people names is a rule, then both people should be banned.

If it's not a rule, then neither person should be banned. I am not discriminating, I am asking for equal justice.

You want the same rules that Twitter had before Musk took over. You and your friend only want your enemies to be banned for not agreeing with your world point of view.

Also, you have no understanding of what free speech is. You are free to speak how you like and not have the government come down on you, but this is a private website that can set whatever speech rules it wants to have on its site. However, you are free to leave if you don't like it.

 

[semperfrosty]

If ET were a forum full of yes men and women all in agreement, it would be a sorry site.
Further since when does one need to have money on the table to give a trading opinion?
Bottom line, virtusa made some calls and they were in the direction of prevailing trend - downward.
In the meantime Baron and Johnarb are bullish and wrong!
You are buying in a falling market, your timing is shit and virtusa is being verbally hammered, eg made a scapegoat because he's not a yesman.
Johnarb is like a yapping dog constantly repeating "virtusa is a liar" but nobody is complaining about that.
I wish surf would come along, then we'd have a real ding dong journal.
Actually this journal is just like surf's.

Can't a trader get any credit for accumulating at determined levels anymore?

If my research and instinct makes me believe that anywhere under 30 is a savvy buy based on my projection for 10 years down the track then am I wrong based on the products movement over a year?

I sense fear in those with no skin in the game,who could keep on walking by but choose instead to stop and emotionally comment.

 

[semperfrosty]

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?

This 100%.

Get short or keep walking.

 

[Pekelo]

Cramer wants you to sell your crypto, so it is time to buy.

 

[Frederick Foresight]

If my research and instinct makes me believe that anywhere under 30 is a savvy buy based on my projection for 10 years down the track then am I wrong based on the products movement over a year?

I suppose it depends on how you arrived at your 10-year projection. Care to share? Also, does a 10-year timeframe preclude you from even considering market timing?

 

[SunTrader]

(The Daily Upside)

A Little Birdie Told Us: In other is-this-for-real Musk-related news, Twitter could be joining the crypto market. Rumors are spreading of an upcoming currency known as “Twitter Coin.” Images of a gold coin emblazoned with a white bird and a tipping feature are circulating. It wouldn’t be a surprising move for Musk, an unabashed crypto champion. Tesla once held $2 billion worth of Bitcoin, and on Monday, Musk reactivated multiple Dogecoin Twitter accounts, saying “(Our) team was a bit too intense with spam/bot suspensions. Moving to chill mode.”

 

[semperfrosty]

I suppose it depends on how you arrived at your 10-year projection. Care to share? Also, does a 10-year timeframe preclude you from even considering market timing?

I don't see how it matters to anyone else how I arrived at my own decision.Most of us are seeing the exact same data and making our own individual interpretations.

One party is right,one party is wrong.One party is right right now and will be wrong later etc etc.

I'm not trying to time the market and I haven't heard many success stories from people who attempt it.

I am accumulating.

Similar to the big boys,I am in an accumulation phase.

I believe the price is low so I am buying.

It probably shouldn't frustrate me,but it does,that crypto attracts commentary from traders not prepared to take a position either way,yet their(usually bearish)opinions are so emotionally charged.

Baron should apply for a gaming license and any trade commentary on ET should be accompanied by a $1 stake from the commenting member.A disagreeing member would take the other side of that trade for $1.Most dollars at the end of the year is the greatest! hahaha.

Forget Crypto,thats a million dollar idea right there! A trading site where the scoreboard shows who's been right and wrong the most.hahaha

Anyway boys,time will reveal all.