OT- Bitcoin

[dsmalls3]

Paper trade for a while until you are consistently winning. Start small.

I should probably better understand how options work first ha.

From my basic understanding, it’s buying something with the right to sell at that price by a future date? And to hold that right you pay a small premium to the broker?

Not sure I could ever paper trade. It’s kind of like playing poker for no money, it’s not the same thing. I’d probably just start small.

 

[Streamer15]

I should probably better understand how options work first ha.

From my basic understanding, it’s buying something with the right to sell at that price by a future date? And to hold that right you pay a small premium to the broker?

Not sure I could ever paper trade. It’s kind of like playing poker for no money, it’s not the same thing. I’d probably just start small.

I'll write more later but watch the videos SMB capital puts out on YT. One of then covers the options basics.

 

[big red23]

Nice! Thats a good looking project.

You said you are on the team?

Yes I created the Tournament system. I created the flow, the databases, the look and am in charge of what we add in the future. I did not code it we hired out for that

 

[Sinomatic]

Maybe help society and get a real job

 

[Sinomatic]

Did you do most of the work on the houses on your own?

I wish I could do that stuff but I am all thumbs.

Yes, I do. I am an electrician but work on HVAC mostly for my full time occupation.

My dad is a carpenter, so I get help from him when I have some two-man jobs.

You tube my man. You can you tube anything nowadays.

 

[Sinomatic]

Sounds like you didn’t have convection with SOL. You sold at 102? I’m just gonna laugh at any future comments you have because you are full of ****. I hope you get wiped out

I bought at SOL at 21 bucks. But sold at like 26. I bought LTC at 68 and sold at 74.

After taxes I am up like 37k for 2023.

Just don't sell in the red.

And with crypto.....it's a wild ride. You gotta have some...

 

[Sinomatic]

dumbest analogy of all time.. well done

You crypto bros remind me of my friends that live for Vegas. Always talk about your wins .. no talk of your losses .. so funny

I haven't taken a loss. If I do this cycle. I will admit it to you right here in this thread.

In fact, I'll reveal what I end up making in "monopoly money" if you're interested.

But I go down with my ship. So, If I lose, I'll lose it all or I'll keep it for next cycle.

 

[Scat_Back]

Thanks for the overview. I'm long tsla myself but short the weekly calls. Typically, I run a wheel strategy on four different positions. Mostly weeklies, which can be unpopular. But it gives me better control if the price breaches my strikes since im not rolling the calls. I'll modify this a bit after or during the next bull run...whenever that is.

I’ve heard of that wheel strategy. Marcus and Mark podcast?

To update my ledger I’ve sold my /ES and /RTY futures this morning. Might be a little over extended here but nice profits locked in. Intel still looking good. As I said in December I sold half my BTC, it is now nearing an area where I may buy it back soon.

 

[Streamer15]

I’ve heard of that wheel strategy. Marcus and Mark podcast?

To update my ledger I’ve sold my /ES and /RTY futures this morning. Might be a little over extended here but nice profits locked in. Intel still looking good. As I said in December I sold half my BTC, it is now nearing an area where I may buy it back soon.

I dont know anything about futures, other than the concept. Overall, it sounds like you are killing it. If you have any trading techniques you really like, send me a PM.

 

[Scat_Back]

Shorted /ES here at 4924. Aiming for the poor low we created yesterday at 4874.

 

[Streamer15]

Shorted /ES here at 4924. Aiming for the poor low we created yesterday at 4874.

Are you trading full time?

 

[BTF69]

Yes, I do. I am an electrician but work on HVAC mostly for my full time occupation.

My dad is a carpenter, so I get help from him when I have some two-man jobs.

You tube my man. You can you tube anything nowadays.

Yeah...I have no tools and no patience. Kind of a bad mix!

 

[redli33]

You all haven't lived until you do 0DTE options.

 

[Streamer15]

You all haven't lived until you do 0DTE options.

LOL. Time to post your loss porn.

 

[redli33]

HODL

 

[Scat_Back]

Are you trading full time?

Not really. I used to. Sometimes when I get days off I’ll watch the market for awhile and make a move but I still look at it multiple times per day regardless. Hopefully someone took my short trade, +22 points so far

 

[Scat_Back]

Not really. I used to. Sometimes when I get days off I’ll watch the market for awhile and make a move but I still look at it multiple times per day regardless. Hopefully someone took my short trade, +22 points so far

Closed this out for a nice 22 point profit as we’re making a poor low at the end of the day with some divergence indicating a potential bounce back up into the close and possibly overnight. Will possibly look to re-short higher as the low from yesterday still needs to be repaired.

 

[redli33]

It never made sense to me that if "whales" could control the price so much they don't just make it go up for infinity and profit.

 

[Scat_Back]

It never made sense to me that if "whales" could control the price so much they don't just make it go up for infinity and profit.

Well in a more bumpy way, it does only just go up over time but if it was a straight line then it would be too easy. They have to make it change course a lot and since they’re in the know, they get a lot more profit that way than if they just sat down for the slow ride like everyone else. People need to lose for others to win. The winners need volatility to create value and they need the losers to miss the opportunities.

If everyone wins then you just have inflation and no one wins in the stock market. (Which again, in a way, is kind of what we have) That’s why you (a whale) have to BEAT the market (everyone else) otherwise you’re not really doing much.

 

[redli33]

No offense, but that doesn't make sense. I'm supposed to simultaneously believe that someone can control the market with evil intent and yet they care about inflation in our society? What's more likely is that "whales" are easy to blame when things don't go "your" way, but that no one can really do that and outcomes are a lot more random, particularly in the short and medium term, then people want to admit.

 

[big red23]

No offense, but that doesn't make sense. I'm supposed to simultaneously believe that someone can control the market with evil intent and yet they care about inflation in our society? What's more likely is that "whales" are easy to blame when things don't go "your" way, but that no one can really do that and outcomes are a lot more random, particularly in the short and medium term, then people want to admit.

I will try and explain it in layman's terms

What whales do is this...

If they are interested in a Stock in this case we are Talking Crypto.

- They have to be interested in the project
- They want to make money on the project so they load up as much as they can for as low as they can.
- When they load up, the price will go up considerably and it will be consistent.
- This then creates the "Dumb Money' retail investors to jump in as they see all the green candles and hype
- This then creates another surge in price and more green candles that creates what the whales like to call an Over Bought Market
- They sell a large chunk of what they bought that is just enough to give them a substantial profit to create a large red candle that scares the "dumb money" retail investors to scramble. Most sell due to the fear of losing too much money.
- The retail investors trickle out for basically even money and the price drops back to just above where the whales initially got in.
- Then rinse and repeat

What people don't get is unless you are REAL good you got to play the long game. When in doubt zoom out is the best method I can tell anyone that does not know the market at all

 

[redli33]

Well sure, but that's not control. You can't control what other people do, you are relying on them seeing your purchases or sales and then acting in a rational manner. None of those things are assured.

 

[big red23]

Well sure, but that's not control. You can't control what other people do, you are relying on them seeing your purchases or sales and then acting in a rational manner. None of those things are assured.

Right... Watch the new Netflix show Dumb Money. The whales lost that one. That is how they manipulate it though

 

[Scat_Back]

Well sure, but that's not control. You can't control what other people do, you are relying on them seeing your purchases or sales and then acting in a rational manner. None of those things are assured.

It is still control whether they mean to do it or not. The largest investors moving the market the most should be an indisputable fact. @big red22 has it correct, I would add mal intent and superior knowledge to what he said, as it’s “all about who ya know”.

But the rinse-repeat, up-down movement is what causes them to be so much more profitable than Chief Sit-on-hands playing the long game. I’m not saying long term investing is stupid, it's a lot better than no investing. But like he said, you have to be REAL good to master the ebs and flows.

 

[redli33]

Right... Watch the new Netflix show Dumb Money. The whales lost that one. That is how they manipulate it though

LOL, I was on WSB when it had 900 members and followed right along with RK...the thesis was sound. Unlike a lot of the stuff in here....or the current wsb.

 

[redli33]

It is still control whether they mean to do it or not. The largest investors moving the market the most should be an indisputable fact. @big red22 has it correct, I would add mal intent and superior knowledge to what he said, as it’s “all about who ya know”.

But the rinse-repeat, up-down movement is what causes them to be so much more profitable than Chief Sit-on-hands playing the long game. I’m not saying long term investing is stupid, it's a lot better than no investing. But like he said, you have to be REAL good to master the ebs and flows.

If you have a lot of assets and you move those assets, it's just supply and demand so of course it affects the price. That's a far cry from being able to coordinate anything which is what you are suggesting.

 

[Scat_Back]

If you have a lot of assets and you move those assets, it's just supply and demand so of course it affects the price. That's a far cry from being able to coordinate anything which is what you are suggesting.

A far cry how? Coordinate the movement of a large number of assets. Done.

 

[redli33]

Because you can't count on everyone else following your lead, or necessarily even noticing. It's not like flipping switches. Everyone acts in their own self interest, because someone has more stuff doesn't mean they're manipulating things.

 

[Scat_Back]

Because you can't count on everyone else following your lead, or necessarily even noticing. It's not like flipping switches. Everyone acts in their own self interest, because someone has more stuff doesn't mean they're manipulating things.

I believe the largest investors work together to move markets all the time. They freaking own each other. They’re a lot like one entity.

Look at all these giant companies pandering to trannies (.01% of the population?) at the destruction of their stocks because of ESG scores implemented by these same top investors. If they can make companies do that ******** they can do anything. They don’t even care about losing all that money to push gay **** because they have more than we can fathom.

 

[redwine65]

 

[Scat_Back]

It makes too much sense that mainstream finance would attempt to artificially crash the crypto markets. The other side of me says if they want to crash it, they probably have the power to. That being said it is still looking good. Hopefully nobody sold their @dsmalls coin yet because GSOL just ripped out and back into it’s uptrend channel, up 20% currently and BTC is also rebounding as predicted ITT. I am still holding both.

For full disclosure, I lost money on the INTC earnings play I posted due to bad forward guidance from the company. I also shorted the market a few minutes ago via /ES at 4925 with short contacts and sold 4890 calls expiring in 9 days. I believe the high of day is in and the low may not be as it is poor. Stay tuned

 

[Sinomatic]

I keep buying as BTC dips. I keep hearing this month is gonna tear BTC up. I'm ready for it. I kept seeing articles on Google saying BTC anywhere from 30k all the way down to 20k. I think 20 is just silliness. 35 possible. I'd be surprised at 30k BTC. That's quite a reversal.

If it goes below 30 I'm buying some of that! Any where between 30 and 38 and I'm buying altcoins.

 

[TampaBaySkers]

I keep buying as BTC dips. I keep hearing this month is gonna tear BTC up. I'm ready for it. I kept seeing articles on Google saying BTC anywhere from 30k all the way down to 20k. I think 20 is just silliness. 35 possible. I'd be surprised at 30k BTC. That's quite a reversal.

If it goes below 30 I'm buying some of that! Any where between 30 and 38 and I'm buying altcoins.

Solana has been killing it buying the dip . I’ll be quicker to take some profits this time around

 

[Sinomatic]

Solana has been killing it buying the dip . I’ll be quicker to take some profits this time around

Right on man. I was holding a fat position with SOL I wish I'd have kept. But I've got money in the bank from it so I'm not going to cry too long about it.

It's high last cycle was like 247 bucks a coin. I was planning on keeping it until it reached 240 this cycle because I was wagering that it would reach it's last high at least. If it follows BTC's lead it will most likely surpass that. But I'm a bit conservative and I'd be willing to take it at it's last high....twist my arm haha

Again, that isn't advice. That was MY plan for SOL.

If it did come to fruition, I would have been sitting on $1,738,000 before taxes. $1,129,700 estimated after taxes from a $146,000 venture.

 

[TampaBaySkers]

Right on man. I was holding a fat position with SOL I wish I'd have kept. But I've got money in the bank from it so I'm not going to cry too long about it.

It's high last cycle was like 247 bucks a coin. I was planning on keeping it until it reached 240 this cycle because I was wagering that it would reach it's last high at least. If it follows BTC's lead it will most likely surpass that. But I'm a bit conservative and I'd be willing to take it at it's last high....twist my arm haha

Again, that isn't advice. That was MY plan for SOL.

If it did come to fruition, I would have been sitting on $1,738,000 before taxes. $1,129,700 estimated after taxes from a $146,000 venture.

All of my buys are based off the assumption they will hit new highs within a year. I appreciate your honestly.. dsmalls just comes off as a Jim Cramer pumper and dumper sometimes

 

[redli33]

Right on man. I was holding a fat position with SOL I wish I'd have kept. But I've got money in the bank from it so I'm not going to cry too long about it.

It's high last cycle was like 247 bucks a coin. I was planning on keeping it until it reached 240 this cycle because I was wagering that it would reach it's last high at least. If it follows BTC's lead it will most likely surpass that. But I'm a bit conservative and I'd be willing to take it at it's last high....twist my arm haha

Again, that isn't advice. That was MY plan for SOL.

If it did come to fruition, I would have been sitting on $1,738,000 before taxes. $1,129,700 estimated after taxes from a $146,000 venture.

So why didn't you hold?

 

[Sinomatic]

So why didn't you hold?

Because I was making money selling LTC between July 2022 and May 2023. At a time when I was out of LTC I saw SOL had recovered for 100% gain and thought that I could get in on the rise, but stupidly I thought it would recover more linearly than it did. It backed off back down to 15 bucks and I was thinking maybe it is actually going to tank. However, I was going to let it die if it died or I was going to make money as soon as I could, so I held until it recovered to 26 bucks and sold for a profit.

I bought into BTC and waited until it rose 3k and sold and bought more LTC thinking that i could buy and sell at 10 buck swings like I did in 2022. Well....that coin stagnated and is still stagnate now. I sold it at a profit on an upswing.

I've been buying more, I feel, permanent positions here this last 15 days until the end of this BTC cycle. I'm still hedged about 50% cash. A lot of news saying BTC might hit some lows in the next 30 days. So, I will be buying the dips if it does. If it does not, I'll buy in preparation for the halving and ride the bull of the cycle. I am targeting to sell my positions at their last cycle highs because that would put me in a winning position even if they didn't follow BTC to it's new projected highs. Selling BTC at 90k. It would shock me if it didn't get there. But I will be in the black well before 90k.

 

[redli33]

It's just strange that a lot of you guys talk about holding until X and then you sell at Y but don't tell anyone until 3 months after the fact. Although that's not real weird in the investing game, other asset flippers do the same thing I suppose.

 

[big red23]

It's just strange that a lot of you guys talk about holding until X and then you sell at Y but don't tell anyone until 3 months after the fact. Although that's not real weird in the investing game, other asset flippers do the same thing I suppose.

Dude... I have told this board a million times 2025 is the Bull market. So if you bought today or 5 months ago in 2025 you probably will make a substantial amount. It isn't a fact, but if history tells the story this is when it will happen. There isn't a magic wand

 

[redli33]

Dude....I'm just saying that's great that you say that, but if something crazy happens and everything crashes, people that make those kind of public proclamations tend to pop into their old threads and say they sold three months before the crash. Someone did it earlier in this very thread. Come on, it's basic pump and dump stuff. It's fine, I don't care either way as I do my own DD, it's just interesting that cyber, stocks, options, real estate....all the behaviors by the players are the same.