iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,803 Blog Posts

TWAS A WELL TIMED SELL OF MY BITCOINS, NO?

No replies on my top call of the Bitcoin’s?

I knew it was a great sell when someone replied they’d buy them on a breakout of 2000 or some shit.

I can call tops too, you know. I just wait for the actual tops.

As you were.

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40 comments

  1. Nocturne

    Perhaps I’m first? Well done

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  2. Frog

    Congrats, OA. Great call there. You ‘da man.

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  3. matt_bear

    Calling Hartman out.

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  4. Z

    TSLA. Shorts all burned up and can’t get through 227 or setting up to burn even more shorts?

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  5. Aj

    Great call and follow through!

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  6. matt_bear

    i sold my CTRP at the bell.

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  7. Z

    I would tell you it was a great trade but already said so for BABA and CMG calls. Gotta stop somewhere : )

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  8. en1gma

    Good call indeed. And, the recent rumors of the death of Bitcoin are greatly exaggerated.

    Bitcoin has been here before and is the best performing currency 6 of last 7 years. We “crashed” all the way back to ….. last week’s prices.

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    • Beechoo

      haha. yeh. and what if we bounce back next week? Bad call then?

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    • Option Addict

      Sorry, I wasn’t taking any side to what you are doing. Then again, I was in 40-50% lower I believe.

      Too much retardedness on the bull side last several days. Just thought I’d avoid the elevator shaft.

      Hope you see all the gains you were hoping for.

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  9. Jay

    *Golf clap*

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  10. al

    Thoughts on SQ?

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  11. Z

    A play right here that looks good is a play on the trade that 95 percent of traders missed this summer and now 95 percent think looks good on the long side. It also recently had/will have some supply hit the market and so it will likely trade on that idea more than fundamentals or technicals with sellers unloading to lock in gains.

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  12. Z

    In that case – better for sure take this trade but not press my luck and play it again. In all seriousness though – and I think this is reflected from when I first mentioned BABA – my first trade was a quick winner – quicker than I thought it would be because of the “counterfeit list” news. I had puts purchased from the 89’s and then a day or so later sold almost the whole stake in the 86’s the morning of the “BABA is on the notorious list” news. I then got puts a few times in the low-88’s and then conceded my wrongness on the second trade when BABA went strong above 90.

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    • Z

      I would also add that BABA has started the year strong as a possible great winner on the year – up more than 7 percent and ACIA has started off the year down almost 2 percent looking like “yesteryear’s great IPO play, this year nothing.”

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  13. Z

    Gold and gold miners – after hitting a month high and garnering huge interest among traders looking to the long side – look set up for multi-day weakness with the job reports being the catalyst excuse. On watch and ABX puts will be the go to play if they start to go weak.

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  14. Z

    Loaded ABX puts here

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  15. aflow90

    bought some $M at the open, it looks like it wants up. Debating taking profits in XBI

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  16. Z

    OA – followed you on CMG – again a good call – out right here.

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  17. traderconfessions
    traderconfessions

    WDAY.. textbook reversal off of declining weekly selling volume.

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  18. ThomasJefferson

    OA – Is the retest in $AMBA today the type of thing you’ll go after or do you want to confirm this isn’t a rejected breakout attempt?

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  19. Jesus Fucking Christ
    Jesus Fucking Christ

    Is OA buying UA?

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  20. ThomasJefferson

    I know you like to look for correlated setups. I was shopping some earnings for the next month, and EVERY regional bank looks exactly the same. $RF, $MTB, $BKU, $KEY, $FULT, the list goes on and on, those are just a few I jotted down to prove the point. There are at least 15 other examples out there.

    http://finviz.com/screener.ashx?v=211&t=RF,MTB,BKU,FULT,KEY

    The setup doesn’t look bullish to me. Do you see this as an opportunity to assess some shorts/insurance into this market setup? Reminds me of the short setup that I crushed on consumer staples 2 q’s ago. Dol Gen, Campbells, and a couple of others I can’t remember.

    Every time I’ve tried to respect risk with strategic puts in the last 90 days, I’ve gotten my face punched off, so now that I’m wavering on the idea, this is the time to pounce.

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    • ThomasJefferson

      Implied Volatility is really low on a few of these names I spot checked as well.

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  21. hattery

    In CAAS.

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  22. brushfyah

    Guarantee bitcoin ends the year higher. Short term top, but intermediate / long term, no way.

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  23. moosh

    Nice trade sir. Did you sell all of your coins, or just basis?

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