Read on Twitter
How to trade this #gold bull market the coming years.
(thread)
6month’s old bull, it’s KEY to look back if any assumptions into how to trade this $silver $gold bull market can be adjusted & improved, as we just have the 1st inning of a lifechanging event.
(thread)
6month’s old bull, it’s KEY to look back if any assumptions into how to trade this $silver $gold bull market can be adjusted & improved, as we just have the 1st inning of a lifechanging event.
Some key takeaways. In April, I made the assumption volatility in the biggest monetary debasement since WOII would be the hardest thing to handle from a trade execution part:
https://twitter.com/TheLastDegree/status/1252503281957507073?s=20
Which makes option trading far less interesting than holding penny stocks.
https://twitter.com/TheLastDegree/status/1252503281957507073?s=20
Which makes option trading far less interesting than holding penny stocks.
So 1st big conclusion: we went 90% all-in on junior penny stocks, kept only 10% in options;
Juniors are lifetime options without timevalue.
Avoid majors and midtiers for maximum upside, BUT spread out to a lot of positions.
Results are extreme, yesterday another 9.27%
Juniors are lifetime options without timevalue.
Avoid majors and midtiers for maximum upside, BUT spread out to a lot of positions.
Results are extreme, yesterday another 9.27%
How much positions? A LOT.
That way you can have more chance to hit homeruns. Statistical research show it’s best to have around 55-75 positions for a balance between management and hitting the jackpot, as stated back here: https://twitter.com/TheLastDegree/status/1253981129545318400?s=20
That way you can have more chance to hit homeruns. Statistical research show it’s best to have around 55-75 positions for a balance between management and hitting the jackpot, as stated back here: https://twitter.com/TheLastDegree/status/1253981129545318400?s=20
The more riskier, the better, as we where early stages. Risk becomes small in speculating if you’re timing is right, as you have the best entry with a tight stop.
it’s clear we are in a blow-off mode now, we don’t know where it tops, but what we do know from historical evidence
it’s clear we are in a blow-off mode now, we don’t know where it tops, but what we do know from historical evidence
evidence states in the last bull, every blow-off always gets a 100% retrace.
To trade this, i am stepping away from binary decision making.
Instead of going all-in/out, I sell each day another few % (anything between 1-3%) on stretched positions.
To trade this, i am stepping away from binary decision making.
Instead of going all-in/out, I sell each day another few % (anything between 1-3%) on stretched positions.
Goal is to have anything between a 10% or 20% cash level to add on major dips.
Always keep the core for riding without FOMO.
This helps for MY personal MENTAL health: you get the feeling, you are always doing the right thing, however in tiny steps.
Always keep the core for riding without FOMO.
This helps for MY personal MENTAL health: you get the feeling, you are always doing the right thing, however in tiny steps.
This balanced approach (not permabull/bear) show how i manage for myself a fairly big (reached 8 digits last week) account with ALL my savings in 1 theme, Precious Metals, and with a good sleep overnight.
Currently long 93% miners, physical, and a 5% hedge in place.
Currently long 93% miners, physical, and a 5% hedge in place.
