iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

The Stocklabs Trading Contest Begins Tomorrow; Cryptos on Fire

SIRS —

Tomorrow the 1st Annual Stocklabs trading contest begins. If you’re a member be sure to submit your portfolio to us in the Pelican Room. First prize winner will get $1,000 — but more than that — he’ll also get bragging rights for a millennia.

On the matter of ETH.

While it’s true, I’ve sold some the past 3 months, I Stil own more than 80% of my overall position — because of my decision to break the sales up in 12 monthly exits. That said, I will continue to unwind the position, regardless of how I feeeeeeel about the space. I am quite optimistic now, not only because of the price action, but because of seasonal factors.

The average return for Ethereum in the month of April is +48%.

To play this in the stock market, I like miners such as RIOT, MARA and maybe CLSK.

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One comment

  1. cadguy

    What was your total % / multiple return on ETH when you started the unwind? Epic call btw.

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