Hello friends, I am seeing weakness here but as it is still a very bullish trend, if I do end up going short it will not be for very much risk. Recall, I go with the trends, I do not try to be a hero and call tops etc. I just try to spot weakness and strength and navigate accordingly. Thanks for reading, Shkreli
Hello friends, I have been away for a long time. You might ask, oh where oh where have you been. The answer is simply not here. As some of you may know I was very active trading in 2016-2018, but in 2019 there was an inability to safely trade (in my assessment) because the bear market appeared to have caused many exchanges to need money (I suspect many exchanges...
Hello friends, I will be raising hundreds of thousands of dollars to long oil. Thought process is simple. You invest 20% of the portfolio. We return to pre corona prices, that means you gain 3x on your 20% putting your portfolio up 40%. Seems a certainty that some day that trade pays off and your downside is capped to -20%. Easy. Shkreli
Hello friends, Too lazy to write anything. I am long 3% risk. Been getting my ass handed to me shorting so maybe now I should long. That or I get my ass handed to me some more. Honestly, I don't really mind what happens to pnl on trade to trade basis. Thanks for reading, Shkreli
Hello friends, I am short here from 6900. I am risking 2% on the trade, I am hoping this trade takes me back to being up 20% on my account where I belong. I am not that confident in this trade since this well could be the beginning of a strong uptrend, but if you can learn anything from me, it should be this: it doesn't matter what I think or what you think....
Hello friends, I have taken profit of my trade. I am still bullish, but I don't like being long here I think there will be a better entry in the future so I am just going to take my profit and wait. Sold 7370ish. The reason for taking the trade was due to one of the trading principles I shared the other day - it isn't strictly speaking the main strategy I follow,...
Hello friends, About 12 hours ago I took a long position in bitcoin and the price skyrocketed 5%. Let met tell you something folks, trading is not about making a lot of money today. It is about surviving and 5% returns here and there while minimizing downside will keep you alive. My risk is slightly less than 1% so that's a pretty good deal if you ask me. I am...
Hello friends, The short term trend is up and we are at a spot of multiple retests and everything looks to me like we are going to break higher at some point. I have only risked 1% for this trade, I have no idea what is going to happen, I don't really feel like being in this trade, but I am following my strategy. Hopefully, in the long run that will serve me...
Hello friends, First things first. Someone for the love of God get to 900 followers. It's only fair let's go. Ur reading getting the golden slabs of trading knowledge for free, it's a good deal. Anyways, I was tempted to go long tho other day, I would have been allowed to risk 1% because it was against the major trend, but I just didn't bother with it, don't...
Hello friends, I have been of the opinion we are going to shit tank soon. That opinion is now not one I am so strongly clinging to so much anymore. For all I know, we could be entering the early stages of a bull trend and all that I've been saying about the halvening being bullshit might be wrong. Maybe the meme becomes the science. You see, my dear readers, I...
Hello friends, You need to follow me if you are reading my work! Anyways, I am currently short from approx 6300 and up about 1% on the trade with now only -.5% account risk. You can read about the trade here: Anyways, I believe the probability I will be correct and turn a profit on this trade is high as tomorrow I will likely put my stop in profit. The current...
Hello friends, I might as well reupload the last post, since I don't have anything different to say at all really: The difference is now I have a slightly better entry at around 6300. Stop around 6900. 5% account risk as last trade. I hope you are all doing well, don't get corona'd. Shkreli
Hello friends, Thought I'd share a trading principle that I have today. It is that the more times a price level is hit, the more likely it is to break. As you can see above, we hit 6k many times and it eventually broke. Likewise, we hit the 4k region many times and that broke. Now, I know what you are thinking, isn't this cherry picking? This is hardly...
Hello friends, This is potentially a legendary moment in the history of bitcoin. This has been my position since I originally went short at like 9k or something. This was what I was saying when I first went short: I don't know if this is going to happen of course, I do not predict. I do not make money because I can predict markets. I have no idea. Anyways,...
Hello friends, My account is now up about 25% after a month of trading after I just closed my long from 5360. The title says 8360, I must have been smoking crack at the time because that is quite a different number than I meant. Ironically, I'm writing this first thing after waking up so how tf I did not notice earlier is beyond me. Anyways... I suspect btc...
Hello friends, I am still long from the above price and will be raising my stop loss of 5k at some point today. With the current sl my risk is -2%, but with the new stop loss it will be -1%. Currently I am up about 2.5% on the trade so I've made more than I risked which is bueno. My final trading account that I am running before I officially start my career is up...
Hello friends, As you can see, I would have shorted 700 with a sl of around 770 originally. I would have rode down this vomit fest deep in the money, and I would still not close my shorts or sell my puts if I was in that position. However, my stop loss would be lowered to 480 for about a 30% return per contract locked in. That's how I currently see that trade...
Hello friends, My post yesterday got pulled down, so I'm updating again. I was banned for being naughty so I was unable to post earlier. Currently long from the above for 2% risk and 5k stop loss. Good chance for a bounce, good r/r from my perspective assuming roughly 50% probability (reasonable assumption given pa). First target the first line, doubt we make...