Seeking balance with upside
This past week I have been DCAing into favored shares that are comparatively low. Less focused on tech, but adding to BTC related tickers somewhat aggressively as I expect them to perform well as interest rates are cut. Also, for balance and in anticipation of cuts, I am building positions in long-term treasuries:
buying shares and a few calls on that which isn’t leveraged already.
Also trading $ProShares Ultra VIX Short-Term Futures ETF (UVXY.US)$ as the VIX rises and reverts to the mean. Holding December calls as a hedge against election volatility as well.
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It’s a beautiful day!
Former scientist, enthusiastic reader and student of capital markets. LT/s-trade/options/crypto
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Tonyco : BTC tickers follow BTC movements. Rate cuts won't benefit them much unless you are thinking it will bring more volume in.
The best strategy right now is to buy $2x Bitcoin Strategy ETF (BITX.US)$ while the price is sub-60k.
Sell when it reaches 64k. Repeat. Same with coins.
BelleWeather OP Tonyco : Yes, I think rate cuts will bring more money into crypto in general. Also, more big players are buying as they change their regulations. I’m trading BITX, BITO, MSTR and MSTX. But I just buy and hold BTC (though sell off alts as they climb, still hoping alt season takes off.) Good luck!
Rafey Jan : @BelleWeather I've got an Australian Moomo account, and it won't let me trade cryptocurrency, so I was wondering if you can trade BTC with your US moomoo accounts?
BelleWeather OP Rafey Jan : No, not on Moo Moo. Though it’s possible to trade crypto related tickers, like the ones I mentioned and ETFs.