There was some news out of Ripple land, the crypto, which was a favorable court decision — and it led to COIN and BTC miners lifting off. The overarching them of risk has been rooted, in my belief, in the rise of BTC. When we had the little banking crisis, that cute little panic, a few months back it was BTC that provided safety for a class of investor widely viewed as degenerate.
In spite of govt meddling, BTC is nearing $31k and ETH 2k.
To leverage this move and future moves higher, trader are sopping up shares of MSTR, MARA, RIOT, GREE, CLSK, SDIG, IREN and other smaller miners.
Moving past that, we’ve seen terrific moves in any number of high risk securities, measured by their beta being above 2.
Today, for example, NKLA, QUBT, CDLX, REAL, AFRM and many others are up double digits.
How to find the next one?
The best way to find a winner is to buy what is already working, so strong technicals. Another method is to focus on stocks heavily shorts in very bullish tapes. Another is stocks down big over the past yr, but moving up now. Another is industry focus. If you see solar or oil running — target a basket. There are innumerable ways to trade and trade well. The losing stratagem, ALWAYS, is holding onto stuff not working.
Listen to me: COUNTER-TREND trading isn’t you being smart. That’s you being obstinate, believing your brain is somehow better than the collective. Resistance is futile. Conform.
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