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Trading Psychology
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The unfiltered reality of trading Bitcoin using Elliott Wave.

In one of our daily Bitcoin videos I discuss with live examples what happens behind the scenes and how I approach a trade using the Wave methodology. 

https://youtu.be/VPk9MilHI70
Weston NakamuraVisionary
Real Vision Exchange Manager, Programming and Community Engagement

RVDB After Hours on the Exchange: Jack & Weston Walk Through and Discuss Constructing a Real Options Trade - WKHS Call Spread

We did none of the things @Jack Farley  promised at the end of today‘s RVDB, and instead we just discussed an options trade that we both have a position in. 

https://vimeo.com/558830991

As always- here’s my “this is not investment advice” disclaimer: 

DO NOT TRADE THIS. IF YOU TRADE THIS, YOU WILL LOSE 100% OF YOUR MONEY. THIS IS A VERY STUPID BAD IDEA AND IS NOT TO BE REPLICATED REGARDLESS OF YOUR LEVEL OF TRADING EXPERIENCE. THIS IS NOT EVEN “FOR ENTERTAINMENT PURPOSES ONLY,” THIS IS FOR MONEY LOSING PURPOSES ONLY.

This video wasn’t meant to be what it turned out to be- which is just on options trading. This is a real trade that I have on, and so does Jack as of today. We also discuss my general philosophy and personal “rules” of how i trade options, and each share our major options trade fuck ups.

Jack and I have done a ton of videos before (together and independent), and despite being a listed derivatives trader, I’ve never really discussed a trade in depth before (while i espouse about every other thing i have zero expertise in).  If anyone is interested in more trading type of videos (or if you never want to see anything trading related ever again), either way please let us know and leave your feedback.

and in case i forgot to mention - DO NOT TRADE THIS STUPID HORRIBLE IDEA

Super small trade, Interesting potential...

So with BTC likely below 38,200prior to 9:00p.m. tomorrow evening, I’m thinking of using the double edged sword that is whales, institutions, and relative EQ controlling BTC to my advantage.  I’m going 5x long on one account with one BTC, no stop loss until after it has made its move.  If we drop 15-20 and I get liquidated no problem I”ll catch way more damage in the ensuing dump of the entire space.  If I win, I have a perpetual 5x long on BTC at levels we will never see again.  Obviously, we could enter a trading range after an automatic reaction and a future spring could take me out, but that is only if the trading range is flat or a continued down trend ensues.  Any thoughts? Relief rally?  Current spring and retest of Wyckoffian reaccumulation?  

https://www.tradingview.com/x/Bskau5ua/

Putting it up here

Thanks Real Vision and contributors. Always learning from you peeps.

 

Fund has done nicely. So far so good.