Be careful of Bitcoin mining stocks
$CleanSpark (CLSK.US)$ $MARA Holdings (MARA.US)$ All these bitcoin mining stocks are scam if you are day trading it. They are algo infested. Any big bet will be waiting for an immediate washing out. If you are thinking to scalp it, take an understanding of the "sharks" psychology out to wash you off no matter how small your bet is. They have shown huge whipsaw. In the morning they can be up 4% in the first hour nearer to afternoon they can be down 4%, and by post market can be up 4%. A whipsaws of more than 100% end to end to whip you around like a rag dolls. It is very unlike pre-ETF approval. Post Eft approval, the story has changed. It will take everyone by surprise again downward pre-halving.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Cui Nyonya Kueh : Thanks for your valuable sharing and insights. I have never touched these stocks.
protraderx OP mark Thomas 147 : correct. Invest in Bitcoin but traded on Bitcoin mining stocks which I have been doing almost daily intraday. But for uninitiated mining stock it is not advisable for trading. it is highly manipulated and infested with algo.