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BITCOIN Discussion..........

KVB

KVB

Joined
Apr 11, 2023
Messages
17,288
Dunno how people follow the stock market with such enthusiasm/obsession. So boring. And probably not even outperforming the S&P.

Remember: Technical Analysis is for retards.

There was only one week in the last 3 months that I didn't beat the S&P, just one. Otherwise, I have beaten the S&P nearly every single day over the last 3 months.

I had 8 trades today, all of them were positive.

I'm postive on 16 out of my last 20 trades.

On average, I make better than 2$ profit per $1 risked. That's better than 2-1 average on nearly 80% success rate. (it's really better than 3-1).

Imagine getting that in sports.

I suppose you have to realize that there are things you simply don't know.

Ok, carry on.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
17,288
Far more liquidity in small cap momentum trading than we can get in most all of the sports markets.

I was live trading MLB and realized we needed more liquidity, so I switched back to momentum trading small caps.

It's been nothing but successful.
 

rolandcorts

rolandcorts

Joined
Feb 10, 2022
Messages
1,324
boring? octo went from $1.45 friday to 83 today... if making 50x is boring then i don't know what to say
I can see why it's exciting because you can have big financial swings, but I doubt you have any edge so you're probably not doing much better than betting it on MNF.
There was only one week in the last 3 months that I didn't beat the S&P, just one. Otherwise, I have beaten the S&P nearly every single day over the last 3 months.

I had 8 trades today, all of them were positive.

I'm postive on 16 out of my last 20 trades.

On average, I make better than 2$ profit per $1 risked. That's better than 2-1 average on nearly 80% success rate. (it's really better than 3-1).

Imagine getting that in sports.

I suppose you have to realize that there are things you simply don't know.

Ok, carry on.
Most TA traders are basically betting martingales so they win small 90% of the time and lose big the 10% of the time. And can have lots of winning streaks before the 10% hits. You may be beating the s&p long term, I don't know, but the fact you're proud of 8 positive trades in a single day is a really bad sign.

Given how good you are at this, you must be worth millions and have people backing you, too.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
17,288
I can see why it's exciting because you can have big financial swings, but I doubt you have any edge so you're probably not doing much better than betting it on MNF.

Most TA traders are basically betting martingales so they win small 90% of the time and lose big the 10% of the time. And can have lots of winning streaks before the 10% hits. You may be beating the s&p long term, I don't know, but the fact you're proud of 8 positive trades in a single day is a really bad sign.

Given how good you are at this, you must be worth millions and have people backing you, too.

You just have to understand that there are some things you don't know.

I go many days where it's just one trade, that's it.

Yes, to have all 8 trades today win is a good thing. It's not a "winning streak" among variance, it's the status quo.

I spent a great deal of time in a traing simulator to master one type of trade. I get the work in between about 4 am and 7 or 8 am pacific time.

I could go a whole month and not lose money any day. And yes, we've scaled it up. I don't just trade my own funds.

I really don't think you understand this division of the office. In fact I know you don't. But it's ok, you don't really need to. You seem to be really stuck on some kind of technial anaylsis issue, as if it's some kind of vacuum trade.

All that nonsense of "TA traders" and martingales simply doesn't apply here we are not most traders. We are professionals.

I just hope you understand what we all know here, and that is that you don't know here. It's ok, it could give the chance to learn. Just not sure I'm the one to teach you, I'm a little busy.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
17,288
These headlines this week...

Stock symbol: ZONE...Bought $68 million in DOGE coin, over 285 million DOGE, with the goal to get 1 billion DOGE.

They're using $175 million in private placement to create the DOGE treasury. A lot of buzz about the usefulness of DOGE in that press release.

Symbol LION...Announcing a strategic treasury reallocation. Get this, they are planning to exchange Solana and SUI for hyperliquid (HYPE). That's the news that moved the stock this week.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
17,288
Another one

CWD announces it completed initial purchase of Chainlink (LINK) tokens.

News ran the stock from $2.26 to over $6.00.

It's the new theme...the DAT...Digital Asset Treasury.

But why so much into shitcoins? It seems crazy the money flowing into these things from corporate balance sheets, private placement, issuance of stock, etc.
 

KVB

KVB

Joined
Apr 11, 2023
Messages
17,288
Another one

CWD announces it completed initial purchase of Chainlink (LINK) tokens.

News ran the stock from $2.26 to over $6.00.

It's the new theme...the DAT...Digital Asset Treasury.

But why so much into shitcoins? It seems crazy the money flowing into these things from corporate balance sheets, private placement, issuance of stock, etc.

I ended up trading this from 7.16 to 7.67, sold and it went over $8.

lol
 
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