• corbotron : lol I'm Canadian and just think it's funny, Trump couldn't possibly lose fairly, it has to be stolen. not that the guy is losing it and people can clearly see it now that Joe's out of the way. only 1 old delirious guy in the running now and it's obvious that anyone who wants him in is clearly looking to manipulate him into doing what they want. guy can't remember anything he's done. convenient that he just "doesn't remember, or it didn't happen" can even show him video evidence of him saying his own words to the contrary and he denies it. he's a grifter con man, did much better in the shadows but now he's very much exposed. legal term of "how much exposure do we have in this?" meaning how much shit have they stepped in that people know about. his boots are covered and everyone sees it.

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• LookJock : Stupid Stocks

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• arctheshark OP LookJock : Fair enuf

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• Stock_Drift LookJock : Best comment

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• ArtemisX : still holding on? sentiment on eth has been quite weak this week

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• 10baggerbamm OP ArtemisX : Rome wasn't built in a day when Bitcoin goes to 70,000 this leveraged ETF will be $12 when Bitcoin goes to 80,000 it'll be 22-25 probably even higher than that so I'm not worried.  if it's weak tomorrow I'll be selling October puts probably like 100 contracts or 200 contracts and collecting the premium

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• ArtemisX 10baggerbamm OP : ah… i have so much to learn on hedging through puts

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• 10baggerbamm OP ArtemisX : let's suppose the stock is at $12 and you say I want to buy it at 10:00 you can put a limit order in and if it doesn't hit it nothing happens alternatively you sell a 10 put every contract that you sell is 100 shares 10 contracts is the same as a thousand shares so you need to have the cash in your account equal to the number of contracts that you sold if it's converted to stock or you need to have the buying power I would discourage you from using margin. so if you sell a 10 put depending upon how long you go out it could be weekly expiration or they could have monthly expiration different securities at different time frames but let's suppose you go out two weeks maybe it's 50 cents so you sell 10 contracts you collect $500 and now someone else has the option of putting that stock to you on expiration date if it closes at $10 or less in which case your cost basis would be the price 10 minus the premium you got 50 cents so your cost basis is $9.50.. so selling puts and understanding when is a very good way to generate income and lower your cost basis if you own it out right while you're waiting for the stock to move higher or even if it's selling off a little bit rather than taking a stop loss and getting stopped out you sell a put you collect the premium you know $2 $3 below the market whatever it is you're lowering your cost basis that way

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• ArtemisX 10baggerbamm OP : thanks! that’s very helpful, will certainly look more into it.

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• ArtemisX : something look amiss in this etf? supposed to x2 the eth performance, but now comparing to the non leverage etf, is going down instead? ??

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• 10baggerbamm OP ArtemisX : there's daily factors that come into play on a very short-term basis. they can trade at a discount or premium to net asset value that's number one number two it can trade strictly on supply and demand that will move the ETF so that it's not necessarily in direct correlation to ethereum itself. and you'll see this the next day for example aetherium might be up at the ETF is down 1/8 or vice versa . so you have to take a larger picture and step back and see where it potentially is going in the next 1 month 3 months 6 months. if you get a reversion to the mean or what some people call Fibonacci retracement. you have a significant upside potential here coming. the same story for aetherium today holds true what it did back earlier this year when the ETFs were approved and began trading many of them. it's just falling out of favor and a lot of the money that was in exchange traded funds whether it's Bitcoin or ethereum went into Nvidia went into other tech stocks were liquidated because of margin calls for example when the dollar yen went haywire which started July 5th through August 11th causing a major sell-off in the broader base marketplace. so the daily up eighth down 1/8 by own weakness settlement below the market and don't chase because you're going to have back and filling throughout the day

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• ArtemisX 10baggerbamm OP : i see, just wait for the big break and this will be peanuts when looking back might wait awhile. but just parking here for now

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• 10baggerbamm OP ArtemisX : oh I think it's going much higher than the $10 Fibonacci retracement I think you'll see mid twenties in a year's time frame when Trump's elected Bitcoin will be 70 plus thousand dollars the minute November 6th when he's announced winner and when he's inaugurated Bitcoin will be 80 plus $1,000 and then when Trump builds a reserve a Bitcoin like he said he was going to do like a strategic oil reserve and gold reserve bitcoins going to 100 and aetherium is off to the races it's going to be moving the entire time and since ethereum fell further than Bitcoin in the most recent sell-off there's a lot more upside in it

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