The biggest trade of the century

[easymon1]

Monaco

Monaco - The secrets of a true luxury stay - LUXE.TV
https://elitetrader.com/et/threads/https-www-mansionglobal-com.339927/#post-5024538

 

[gkishot]

I've shorted bitcoin since it went below $10000 with my entire life savings. I've even thrown in a bit of CFDs for good measure. At the moment, I'm up ~$40000 on CFDs alone. If Bitcoin even hits $2000 this year, I'll be able to retire to my dream country: Monaco. Apparently, the word is that Bitcoin could decline as much as 90% from it's current peak.

2018 was your year to retire. You are late by 2 years.

 

[S2007S]

I couldn't play such a short. No way ...bitcoin is way to volatile

 

[S2007S]

He wrote that he is using CFDs.
You can also trade Bitcoin futures.

Thanks but I still have no clue how that works. Must be costing a bit of money to borrow on the short side

 

[themickey]

..... If Bitcoin even hits $2000 this year, I'll be able to retire to my dream country: Monaco......

Has a junkie ever 'retired'?
Live in Monaco and do nothing?
Never gonna happen....

Ants in the pants, we can't live without it.

 

[guru]

Thanks but I still have no clue how that works. Must be costing a bit of money to borrow on the short side

I also have no clue but I know how to use Google, especially when I'm serious about actually understanding something or investing into something. Wouldn't start trading CFDs based on some answer on an online forum anyway
CFDs (not allowed in the US) seem to be like option spreads, so may not cost more than a cost of a spread.

 

[Bum]

Curious, why do so many traders pretend to be from the U.S.? Dislike your country that much?
You're the 3rd person this week that's claimed to be from the U.S. on the profile but clearly you're not if trading CFDs.

 

[Overnight]

I've shorted bitcoin since it went below $10000 with my entire life savings. I've even thrown in a bit of CFDs for good measure. At the moment, I'm up ~$40000 on CFDs alone. If Bitcoin even hits $2000 this year, I'll be able to retire to my dream country: Monaco. Apparently, the word is that Bitcoin could decline as much as 90% from it's current peak.

If you are up 40K on CFDs alone, why not exit with the fat cash?

 

[guru]

BTW, I could say that my trade is a trade of the century, since I paid less than $0 for a few SPX options setups that are now worth $100K+ in total. Can't show the specific details, but here is is how it currently looks in general:

(not sure whether I can fully cash out due to limited liquidity)

 

[Bum]

If bitcoin has options, I'd convert to puts to lock in profit.
Bitcoin could get wacky.
Just a matter of time before we start hearing about the put-selling S&P funds that blew up this past week.