Hello friends,
Just wanted to update you guys on my view. I am on . I have drawn my target to be about $6,000.
Seems crazy now, but we will see. This is just the technical target I have, I have no idea if it will get hit or not. I am long because there is low risk and high reward. My stop loss is going to be around my entry which is around $3750 on average. If you follow me on Twitter, you’ll know I went long at $4,000 and then more an $3,500.
I just want to say that 1) the is looking reasonable again () 2) trends is showing search rallying 3) we are extremely oversold by BB and metrics. 4) we have a lot of shorts remaining.
All are reasons I am , but this could easily turn around and take a dump at any moment. Be prepared for the worst! Someone asked me about a month ago in my discord group whether 3k was possible and I said yes. Welp, here we are folks. I had no idea it would happen, but we hit 3.4k. I hope the person did okay, but I don’t know. Do not put yourself at risk trading. Do not try to make trading your main source of income. 94% of you will fail. This is a fact. 94% of you should be hodlers. Only the very, very studious, intelligent students of the market will ever make a dime trading.
My advice to EVERYONE who is not a professional trader is to make investments based off of fundamentals and good value principles and HODL. This will always be good enough to make money. The markets transfer money from the impatient to the patient. Only try your hand at trading once you have backtested a strategy that seems to work. Once you test it with real money, make sure your money management is in order. Have defined risk.
Good luck!
-YoungShkreli
Published at Fri, 30 Nov 2018 07:02:44 +0000
