I've been trading a small 1-2% bitcoin position, buying low and selling high. I'm trying my hand at active trading. By buying and selling based on Hedgeye's risk ranges I've made more and lowered my stress level. I'm not a natural trader, so I'm quite happy with myself, even with only a few thousand dollars profit over two months. If it was a lower volatility asset, or if it had just broken out of a multi year bear market, then I could buy and hold. But for something with high volatility thats been going up so long that everybody is excited about it, active trading is safer.
Finally sold it tonight. There's too many signs of exuberance:
- Youtuber beats the world record for the longest time sitting on the toilet. He's sitting there till his shitcoin hits 50m.
- Meme coins like MOODENG coin. At least she's cute.
- Hawk Tuah coin, rug pull. She's cute too. She can spit on my thang.
The crypto market might shoot higher for a few months, but this is fucking crazy. I'm out. We all know how this ends.
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