A picture is worth a thousand words...I posted this on May.28
You made a ton of money off these calls? Any closed trade associated with this?
Bitcoin Price Thread
- Thread starter Magna
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You made a ton of money off these calls? Any closed trade associated with this?
Not necessary to make a ton of money, just saved yourself from losing a ton of money from holding through a drawdown.
Well to "make a ton of money" means imo going short.
Sometimes going short is not what I want to do, rather better just exit your long and standby.
How is this not a call?
Oh its going up 2% on Wednesday? lol I could probably do that if I wanted to day trade but I'd rather do one trade.
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Please don't drag me back into to your cesspool. IIRC, and I'm sure I do, you've been saying that we were going right back up to ATH. You're not only shameless, you're also spineless.
I said if a level wasn't broken we would only do a single correction...level broke so its a double correction. I always assume double corrections with bitcoin...thus the chart below.
(if you would just take the time to learn EW you wouldn't be so hostile towards how I am able to do this with such accuracy.)
Okay, I misunderstood. Thought you meant that holding a losing position is not a loss (implicitly if not taken). My mistake. I read your second “from” as “by” in your post I quoted earlier.
Holding a losing position isn't a loss anymore than holding a winning position is a gain.