RetireJapan

sutebayashi wrote: ↑Tue Feb 27, 2024 12:06 pm

Yutaka2024 wrote: ↑Tue Feb 27, 2024 11:12 am Bitcoin is the fast moving asset and has out performed anything.

I believe Cocoa has outperformed it, year to date.

You’ve been left in the dirt by staying in BTC

Edit: I see even over the past 1 year (as of today) Cocoa has outperformed BTC
https://finviz.com/futures_performance.ashx?v=16

Deep Blue wrote: ↑Tue Feb 27, 2024 1:16 pm

Yutaka2024 wrote: ↑Tue Feb 27, 2024 11:22 am

Tsumitate Wrestler wrote: ↑Tue Feb 27, 2024 6:59 am I think perhaps you might find your audience on reddit. Lots of crypto and option\future trading discussions there. However, on reddit they say that those who brag about wins need to provide details, and explain their approaches and "strategy".

Without context and figures it's just bragging. There's nothing really to discuss here outside of your extreme risk tolerance.

All I said is this is my goals and how I am going to achieve my goals financially. Most crypto/ day traders are putting up big numbers; driving lambos; and selling courses. Im still in the prep phase of my journey; possibly by summer I may be able to move more aggressively with my plans which i doubt, but definitely the end of the year. Once i start executing my plan; ill predominantly share mostly about that.

Since you focused on my "Strategies" google these topics ; EX: Auction market theory; Market/Volume Profiles; OPtions Gamma Hedging; Ice berg manipulations. These are a few subjects; there are many more. I could volumes on these subjects; but im not here for that

What do you think your edge is trading Bitcoin? What market inefficiency are you exploiting?

Since there is no yield, the only way to make money is going a Greater Fool buys it off you at a higher price.

What is the right value for Bitcoin?

zeroshiki wrote: ↑Tue Feb 27, 2024 2:43 pm For the rest of us, this conversation is going in circles and I hope RJ locks this thread unless it takes a sudden turn for the better.

GuiTsu wrote: ↑Wed Feb 28, 2024 11:49 am

zeroshiki wrote: ↑Tue Feb 27, 2024 2:43 pm For the rest of us, this conversation is going in circles and I hope RJ locks this thread unless it takes a sudden turn for the better.

Agree!

Yutaka2024 wrote: ↑Tue Feb 27, 2024 10:42 pm Well i hope u bought a lot of futures contracts in coco

sutebayashi wrote: ↑Fri Mar 15, 2024 9:48 pm

Yutaka2024 wrote: ↑Tue Feb 27, 2024 10:42 pm Well i hope u bought a lot of futures contracts in coco

Well, I bought enough cocoa CFD for me given the size of my account, but it’s up 28% since I took your advice (my trade is leveraged though), and after one profitable, but false start where I ran for cover too early, I have been able make one of my best ever speculative trades.

I keep raising my target and trailing stop orders.

I found from my trade history that it wasn’t my first ever Cocoa trade, but it sure feels like beginner's luck. When the price does fall off lower I am going to leave a lot of the profit on the table.

But it’s not like there is a ready source of extra cocoa beans someplace, or people are going to stop eating chocolate, so I am trying to let it ride as far as it will go before I get out.

I do expect the price will come much lower one day.
Of course, I have no clue about Bitcoin, but cocoa beans I can see a good case for in the short term.

Yutaka2024 wrote: ↑Sun Mar 17, 2024 6:17 am i dont advise any one to trade on leverage;