Our SPX and NDX butterflies did fine today as equities were mostly sleepers, aside from some weakness in energy and discretionary. But the real story is bitcoin ahead of Sunday’s futures launch. Prices are ramping ahead of the product launch, which I think will be mostly institutionally driven. Should I lighten the load and pay my mortgage for next year or no?
Todd’s Trading Lifestyle Vlog #35 – Use Your Outdoor Voices
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Glad to know that you would have the integrity to share your experience with Bitcoin if the losses were of the same magnitude of your profits.
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Great Commentary on Bitcoin Jeff!! Always appreciate your perspective on the markets. I do feel that the bitcoin futures will actually lift the price of bitcoin dramatically… I would anticipate big players positioning themselves for the longer term upward ride. Just my 2 cents. Since Bitcoin is not controlled by any bank/institution/etc… it is a true supply/demand product being influenced by the masses. Not so easy to manipulate like the traditional equity/futures markets. 🙂
Hey Todd,
Take out your initial investment plus 50 to 61.8% of the remaining balance (before the weekend) and just let the rest free ride to see what plays out… IMHO. You’ve got nothing to lose. This was a crap shoot from day one.