Bitcoin trade stopped out at a profit today. This morning I added a trailing stop to my BTCC (Purpose Bitcoin ETF) at $9.40. Later on the order was filled at $9.38 after being on the books for 12 days. Here is the P/L breakdown. $8.90 – buy #1 $8.19 – sell #1 (predetermined stop hit) […]
Last week I dipped my toe back into Bitcoin (see here) and swiftly got stopped out. Frustrating, yes! But that’s trading. It took me many years to understand the difference between luck (or no luck) and sound risk management. To be sure, last week’s Bitcoin trade was bad luck. Some may argue for a wider […]
My bitcoin trade is not going according to plan. As we head into the weekend, BTCC opened within a hair of my stop loss trigger. You can find my original trade post here. The chart below illustrates how razor close I am to bailing out of this trade. To be sure, I am tempted to […]
I thought I’d walk through a trade I put on this week. To be clear, this is a short-term tactical trade, not an investment. Meaning I’m looking to capture a short-term rebound in crypto. To be sure, the risk profile of the entire market has changed thanks to Putin’s invasion of Ukraine. We’ve navigated through […]
Bitcoin chart turns bullish as 3-month consolidation phase comes to an end. Undeniably, Bitcoin is on of the biggest technological innovations to date. Without doubt, investors and innovators will take blockchain to places unknown. The best part is everyone can get in, and it’s still early. To be sure, you want to due your due […]
Having patience is the hallmark trait of a successful investor. Now, if you’re thinking of buying crypto’s you’d better be patient, because there’s no bitcoin breakout yet. However, the charts are starting to perk up, good news for crypto bulls. Over the years I’ve learned that waiting for a chart to turn bullish is a […]
Bitcoin is locked in a trading range. There are two ways to play a trading range: Bet long or short, or Wait for a breakout, then trade accordingly Surely, savvy traders know that waiting for a breakout is veteran move. Sometimes sitting and waiting is the best trading strategy of all. Technical Analysis: Bitcoin US […]
It’s high time for a stock update. I’ve been so focused on the sector rotation trade and the crypto currency correction it slipped my mind to post an update. With this in mind, here are some of the headlines driving markets today. Last week Elon Musk trashed crypto currencies in a Tweet, but still thinks […]
Coinbase stock (COIN – nasdaq) went public on April 14th at $250 per share. To little surprise, the price surged to $430 on its first day trading. Since then, it’s been a downhill slide. Savvy investors should seriously consider using the current weakness as a buying opportunity. Why? Well, Coinbase stock is the first crypto […]
