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March P/L Challenge: Dive into your P/L Calendar and share your investment success!
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Skye7171 joined discussion · Mar 29 04:16

Stayed strong 💪💪💪

This month pretty much consisted of me firing away some indirect bearish-nvidia and bearish-bitcoin plays when they were at their tops. My strategy was to find companies whose buyers pumped the prices to follow such assets, like $Super Micro Computer (SMCI.US)$ and $MicroStrategy (MSTR.US)$, but were not worth that much. MSTR’s price following the btc run would reflect over 2x the current price of bitcoin, so  I felt that eventually something would give with the constant 5 percent a day increases, and I took a lot of risks to buy some puts, but it was all worth it. Both my SMCI and MSTR puts banked. Now I’m keeping half of my account as cash to build interest and the other half is in $ProShares Short Bitcoin ETF (BITI.US)$.
Stayed strong 💪💪💪
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Skye7171
take profit when possible; live a little :)
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