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A note to explain my handle -

"Cody Penn-Dent" isn't my real name.

When you sound it out it is "codependent" which describes some of my behavior in my early trading days where I would seek out postings on stock message boards to justify trades I had already placed that weren't working out.

Every noob does it and it is easy to get psyched out of a good position, hold a bad one too long or get over confident when trades go well.

So I used that handle to remind myself to post and read things that inform.

The name took when I was writing for a few finance websites and then I used it when I started a Twitter account in 2009-ish.

Hello World 2y ago

My new profile name is “Pauly Shorbicoin” because I’m short bitcoin. I sold all my coin bro.

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Discussion

Cody Penn-Dent 2y ago

I learned a long time ago to trade price.

That, after researching the hell out of stuff and figuring I was trading fundamentals when I found out I wasn’t.

Price movement is what I focus on now. Everything known is baked into the price and with BTC there’s little in the way of insider information.

Regarding that short, that rising wedge on the daily chart supports that position. My guess is it will stay in that wedge until 35 or 36k and then take a 50% haircut.

We will see.

You trade anything else?

Hello World 2y ago

No trading bitcoin for me, only stacking. I do have some positions in publicly traded minors though. That probably falls more in the realm of trading.

Hello World 2y ago

Correction *miners.