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Hey Nerds: Blockchain

Taking it easy today -- harvesting more profits in the long term account which is now > 60% cash.

Trading account is hedged with profitable longs in AVGO, PINS, NVTA, ONEM and an SPX short.
 
CH1 said:
Taking it easy today -- harvesting more profits in the long term account which is now > 60% cash.

Trading account is hedged with profitable longs in AVGO, PINS, NVTA, ONEM and an SPX short.
Click to expand...

The 🐐 is making profit (y)
 
Was going to sit back today but Cresco tempted me. I'm in near their lows. Should be able to get close to 2% on this move if the rest of the market at least holds its dick.
 
GEEMAN said:
The 🐐 is making profit (y)
Click to expand...

I'm not sure if it's because I had too much to drink yesterday but I'm a feeling a little paranoid about a nasty rug pull happening out of the blue -- definitely not actionable, and not banking on it happening today, but it has made me a little cautious. Playing small, and spending most of my time away from the screens.
 
CH1 said:
I'm not sure if it's because I had too much to drink yesterday but I'm a feeling a little paranoid about a nasty rug pull happening out of the blue -- definitely not actionable, and not banking on it happening today, but it has made me a little cautious. Playing small, and spending most of my time away from the screens.
Click to expand...
In fairness we've seen two violent rug pulls happen around these levels in the past few weeks. Bulls responded bigly both times. Not a bad chance it happens again.
 
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The other thing talking is that bonds never real dived all that much this am, and now they are ripping higher.
 
In the past... However long it has been (I don't do timelines well in 2020) every job report sell-off or blast-off has been a fake sell-off or blast-off.
 
Preston said:
In the past... However long it has been (I don't do timelines well in 2020) every job report sell-off or blast-off has been a fake sell-off or blast-off.
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the classic "sell the news" setup
 
Took my 5c gain on Cresco. Setup isn't there anymore with SPX and other MJ names selling off even if I believe there's a ~50% chance it will still work out (honestly probably depends on SPX not getting another leg down from here). I don't do 50%.

But the risk-reward was always nice. It was damn resistant to the SPX selloff, very much unlike every other MJ name because it sold off while everything else was going mooning. Best way to minimize losses is to take your "losses" as small gains.
 
my paranoia was profitable -- took some short term SPY puts off the table after a 20 point slide.
 
And my hunch to scale in bearish was profitable... In my paper trading mind. :(

I don't do much nowadays... Another opportunity missed for ol' Presty. :(
 
(Btw this is extremely healthy and much needed consolidation. Absolutely zero red flags here yet for me if I'm a bull)
 
Preston said:
(Btw this is extremely healthy and much needed consolidation. Absolutely zero red flags here yet for me if I'm a bull)
Click to expand...

Yeah...I would only start to fret if ES loses 3117 (suddenly got close as I typed this)
 
My trading account is now leaning bullish as I sold most of my puts when ES held support and then bought ROKU calls and AYRO stock for a trade
 
So I see that Collective Arts is done with the Guava Gose drink as its seasonable. Presty's response? Clean on the local LCBO. Got myself a blood orange hibiscus sour to try as well. If that shit's good I'm about to make a repeat appearance to clean off the shelves of that product as well. @zeke
 
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