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
23,417 Blog Posts

Don’t like the Pin Action

I stepped aside on $BITX because I don’t like the $BTC action today, as the major cryptos give way to some of th alts. It looks like $BTC might come in a little here.

I also stepped aside in most of my positions in trading, save a few, now resting with 75% cash and losses of 39bps. On down days I aim to limit the losses and try again later. This I will do and perhaps we’ll be saved later on by a 20 candle in a row buying spree.

I did have a hedge but I closed it out for quick gains. I’ll endure some further drawdowns before deciding to short the market again.

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