If the Daily 21EMA doesn’t hold, we might see cheaper Sats ahead, possibly dipping back below 0.100M. Only time will tell. While short-term price movements don’t matter much in the bigger picture, I enjoy looking at charts. Since I trade stocks, including crypto-related ones, for options trading, Bitcoin’s short-term price action sometimes plays a role in whether I turn a profit or not.

Reply to this note

Please Login to reply.

Discussion

Tell us more about your stock trading.

I wish I knew what you knew. Never been able to practically apply all the info I get from podcasts. I'm too emotional to trade.

Well it was no ball in the park learning that’s for sure. I have been doing it for over 4 years now so lots of money lost, lots of crying, and many more times saying I should just quit.

Luckily though I didn’t and 2023 was my profitable year and since then I am / was able to use trading to replace my previous job. I’m no 6 figure trader and such (wish would take a lot of capital and risk), but able to pay my bills, stack some Sats, and have a lil fun once in a while + not relying just on one stream of income, I do other things as well from home. But yea if you are willing or learn just be patient with the process. I’m also a swing trader so I sit in positions for weeks or months so I don’t have to worry about the day to day stresses of day traders which is highly profitable but also much more risky and requires a firmer grasp on emotions and risk management which is still have yet to master so I can continue to work on my mindset and skillset when trading.

So if too emotional to trade place trades that are at least 3 to 6 months long. Can be more expensive up front but it can save you the emotional swings of the price going up and down during the process / time frame.