I am just posting the positions I talk about on social media. I have many many other stocks, bonds, mutual funds, cryptos and a lot of other investments. These below are what I have discussed.
CRYPTOS******
DOGE- Waiting for the right moment to open position.
ETN- While the chart suggests it will go to zero, there is more to this than the chart. More users has equaled a lower price for a long while. This is not good. A lot of folks emotionally attached to this. Again, not good.
AURA- Third time in as sold previous two positions for over 100% profit each time. 3rd time here sold half at 50% profit a couple of weeks back and am still holding the rest. May sell some to buy STEEM.
TPAY- A weak moment for me buying almost at the high. See, it's easy to get suckered even for someone who has traded for years. I only went in 1/3 position and will evaluate what next on this in the future. Right now no worry.
ETC- Small small position just holding for now.
STOCKS******
SQ- Still holding from $9 position. Needs a breather.
TBT- (hedge) Opened position this week at $36. As I said in my original post on this position, this one will make huge moves up and down, but I expect the trend to be up over the next several years. Longer term buy for me. Hedging bond portfolio.
FOREX******
Out at the moment.
I've been carefully studying the charts on the top ten cryptos for the last six months and I think that XLM and ADA look the most promising. They both recently had a big breakout moment, and they might be launching to Coinbase soon which would greatly increase their daily trade volume. I expect massive returns from both those coins in the next big bull run. But personally I think that Bitcoin and the rest of the crypto market is not done correcting yet. I fully agree with you there. I have taken long positions already, but I've kept over half my funds free for building more long positions in the future. When I look at the 1 week chart on Bitcoin, I get the clearest picture. The last big correction Bitcoin had lasted over a year and a half, and it was followed by a 2 year bull run which charted historic gains. We have only been in this correction for about 7 months, so I'd argue that we could see another year of the downside potentially. I am hoping it will end sooner than that, but in the end I don't think it much matters for traders, because there will continue to be big rallies along the way down. This correction does look different than the last big correction of 2014, because the volume is a lot greater now than it was back then. We have nice jagged peaks now. You just gotta ride the waves!
Yes I like this commentary! Always on the look out for an trade where price is completely extended form the 30 or 50 period moving average. Much rather trade to the long side as I do not like shorting cryptos at all.
Still way too much volatility in the forex markets for my liking.
SQ Square still kicking ass!
TBT trade doing as expected.
BTC trade I set up yesterday has not executed. Still have it in play though. There is a nice gap from 7200-6800. Hoping we get that filled!
Over all I feel like the crypto market will take August off, but then that's a huge guess really. I'm going to stick with the patient side of trades until summer here is over.