geokills said:

I haven't verified the stated fact, whether these are Buffet's personal holdings, or an aggregation of his conglomerate (berkshire hathaway) holdings; and it does make some sense for someone with as many assets as Warren Buffet, to have some balanced exposure to low risk fixed income such as treasury bills.  Nevertheless, the general takeaway when money moves into a "safe" trade such as T-bills, is that there is an expectation of increased downside risk, limited upside opportunity, or both... hence the flight to a safe asset such as the T-Bill, which protects your principal while delivering an unimpressive but relatively stable yield.

Buckle up, Monday could be a blood bath.  I (kind of) like big bad Monday’s.  If they’re bloody enough, they can make for a nice recovery point.  Man, I did not see this deep of a hit coming in the markets (crypto particularly), but that’s been the case a few times over in this space; hence why it’s always nice to have those unreasonably low bids in place, in the event that they suddenly find themselves reasonable.  I'm almost all cash in my brokerage account... but alas my much larger crypto exposure is taking an absolute beating at the moment.

Diamond hands baby.

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budmanman said:

Warren Buffet is 93 years old. What mental illness does he have that makes him want more insane amounts of money even though he might die any 5 seconds now.

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geokills said:

Taking a 3.5X leveraged long trade on SOL via the Jupiter Perpetual Contract.  SOL has been squeezing hard for the past week and a half.  This move is likely to have some legs.

Bitcoin also back above its 50 day MA... finally.

LFG

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So far so good.  Stops up to the bottom of the fresh daily candle to give it a little room for follow through, or lock in +15.7% on the day.  As is often the "problem" with a trade like this, I wish I had committed more collateral and/or used more leverage.  In reality, that rarely works, as the oversized position can make you nervous, and you end up placing your initial stop too tightly and get clipped prematurely in what might otherwise end up as a solid trade.

 

I'm about half way to my initial profit target, which would be a right juicy trade.  Note that this trade will fall back into plain vanilla SOL when it's closed, so I will remain exposed regardless of where I get taken out, as I absolutely think we have more of a runway here.  But just because I think we have more room to run, doesn't mean I want to stay exposed on a perpetual contract for a prolonged period of time.  Doing so leaves my funds in the custody of Jupiter's smart contracts, which I'm not too worried about, even as I do prefer to maintain self-custody as much as possible.  But more importantly, the leverage borrow fees are always running when these trades are open, and it's also just really disheartening/discouraging to see a big gain round-trip itself.

budmanman said:

He says that so some crazy broke person doesn't hide outside his extremely accessible living location and eats him when he comes outside.

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LewDoja said:

Let us know how it plays out, thanks for sharing.

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Good mornin' everyone!

 

 


Being able to set my stop under that tight little flag last night sure kept me sleeping cozy, and with SOL still tracking beautifully along its 15min 8 period EMA, I've moved my stop up to just below this morning's little flag, to lock in +27% on a faltering of the short-term momentum, while raising my take profit to $162 in efforts to capture a pleasant +40% should we continue this sprint.

I would note that this trade was my fourth attempt to exploit the volatility squeeze that was developing on SOL this past week. The prior three were all stopped out at breakeven, and this reminds me of the importance of a disciplined process in trading.

It can be easy to become fatigued (hence why regular breaks from trading are important!), but my best trades are almost always born out of relentless repetition.  With proper risk management, great trades will often be in the minority, yet able to more than offset any losses from the majority of trades that land as duds along the way.