counter_violent
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Me neither - quite happy with 50 lovely British pence - all closed (for now). ROI ? Well £6530 meant no worrying about margin needed, leverage dont bother me for these plays, the key is not shiiiting oneself, hence no stop, + 21% will do for Xmas.
Willing to do more if we dive lower again, and fund the account accordingly.
This was done in 2 days, which is not the norm, but then again this market is not the norm, adapt as needed.
BTW it is unlikely that this is the end of a bitcoin run, we only listed on the CME etc last week. The most likely scenario is that holders of "physical coins" were hedging in the futures market. So back to holding physical, and reducing exposure in the futures. Dont make it too complicated.
Merry Xmas all and a prosperous 2018!!
Lovely example of scalping the volatility. Nice trade.
Most aspiring traders fear volatility as they only ever associate it with the risk side of the equation. They would rather die the death of a thousand cuts than face the demon head on and they kid themselves that they are learning something useful from this slow death approach.
To add to your comments re the futures going live. I don't think smart money was ever going to pay top dollar in BTC just to get a slice of the action, therefore loading the short boat, forcing the price down in order to get better value plus it now gives them price chart reference points (levels) to work with.
What better time to shake out weak hands before the massive run up in 2018 where more and more smart money will get involved!
M xmas.