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A paltry $100/btc short for YoungShkreli-sanWhat's up guys, I just wanted to tell you guys that I closed my short position to lock in a profit of $100/btc short. The market doesn't want it to be that easy to make money, I guess. In addition to closing my short, I have also bought back into bitcoin so that I can lock in my increased bitcoin stack. At the end of the day, that is why I trade: to increase my bitcoin stack. I don't care where the price goes short term because I believe in it for the long haul. To that end, I am far more concerned with loading up on bitcoin than dollars (doing both is ideal). As you may know, I am a leveraged trader, but I am not leveraged now. I have simply bought back the bitcoin I sold plus some with the money I have. I don't know if we will go right back down after I bought and I don't care. I locked in a profit in bitcoin and that's what matters to me. On the positive side, if we do go down, then I can short with more confidence when the ashi closes red - whenever that is. I'm happy with my profit and I hope you guys all are too. For now, I must remain in bitcoin. If I have been helpful, please like my work and follow me, it helps us both. -YoungShkreli PS There was a post I wrote about how buying bitcoin at these levels was a good idea. If bitcoin breaks $8,500 then I will begin to seriously doubt my call for $5,000. Regardless, I am READY for whatever happens. You must be prepared for everything to be a good trader. You must know exactly what to do at all times (sometimes the "doing" is inaction). Notice the (near) perfection of the part of my strategy I have shared here: you will ALWAYS catch any big move. Do not worry about the top or the bottom, worry about the magnitude of the move. I am a big move player and as such, I am not ready to be short right now. In time.
BITFINEX:BTCUSD
by CantorTechnologies
2