Schadenfreude from both sides.
Baron's Crypto Trading Journal
- Thread starter Baron
- Start date
Schadenfreude from both sides.
I don't see Baron delighting at any misfortune that you may have shown.
braune Nase
People really need a spell checker...
You misspelled accounting. It is kinda nice to see where we stand. The great thing was about Neke's journal that the reader always knew where the account stood.
We don't care about where BTC was back in 2015 or 2011, because that is in the past. (and we know it anyway) We can not know the future with certainty, so we just speculate. But what we can know for sure is the current P/L.
Some people think I am against speculating in dangerous assets. Hell no. If you put money into FTT at the beginning of the year and you tripled your money AND cashing out, I lift my hat to you, congrats.
What I am against is being delusional and trying to get other suckers to join the ponzi.
"A polished turd is still shit." ---- Plato, commenting on the ancient Greek youth trading shinny rocks
You misspelled accounting. It is kinda nice to see where we stand. The great thing was about Neke's journal that the reader always knew where the account stood.
We don't care about where BTC was back in 2015 or 2011, because that is in the past. (and we know it anyway) We can not know the future with certainty, so we just speculate. But what we can know for sure is the current P/L.
Some people think I am against speculating in dangerous assets. Hell no. If you put money into FTT at the beginning of the year and you tripled your money AND cashing out, I lift my hat to you, congrats.
What I am against is being delusional and trying to get other suckers to join the ponzi.
"A polished turd is still shit." ---- Plato, commenting on the ancient Greek youth trading shinny rocks
Baron
ET Founder
You literally just praised the buying and selling of a worthless ponzi token (FTT) to illustrate that you don't like people pumping ponzis. Makes absolutely zero sense.
Baron
ET Founder
That's because Virtusa doesn't have any misfortune to show. He never has losing months, remember?
Really? A cultist is talking about facts? The only fact that matters in this journal is that Baron's DCAing is still down about 50%. Everything else is noise and entertainment.
There's them facts again.
Yep.Zero!
You also have many years without any loss in BTC. Remember?
But you only showed the loss part, not the profitable part.
He speaks about buying and SELLING. That makes absolute sense.
Only buying makes no sense. Certainly if you believe that not selling is the optimal solution to never lose any money. Leaving losing possitions open can result in a huge collapse.
Ask Bearings Bank and Leeson if not closing a losing position is a good idea.
https://www.investopedia.com/terms/b/baringsbank.asp
Leeson hid his losses with accounting tricks. (that's what Baron is doing too) Had the bank discovered this earlier, it would have taken large but not devastating losses and remained solvent. Unfortunately, the firm was declared insolvent less than a week after Leeson's trading losses were finally discovered.