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This thing had me confused this week - despite big moves in BTC MSTR did not budge per the model.  Well she [MSTR] just popped above the top of the band. 

Remember when the trend turns - this is when we flip back. 

I am in the trade holding MSTR and I also sold calls against my MSTR

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Comments

Anonymous

Where Stop Loss? Where LO for exit?

Anonymous

Do you see us heading to 30k soon James?

Anonymous

James, I’ve been meaning to ask. Is there a platform you use that allows direct BTC/MSTR buys/sells or do you simply sell to USD then purchase?

Anonymous

So does this mean you have sold anything?

Anonymous

Fidelity now lets you buy spot BTC. So I have found it extremely easy to pair trade while trusting it is one of the most credible custodians on earth.

Anonymous

I wish I knew what all this meant 😂

Anonymous

So what price limit you would get MSTR if buying pure stock?

Anonymous

I like the 4 hour bc it tends to make trades a little less often .. roughly monthly.

Anonymous

So do you mean buy MSTR when it lags BTC and then sell it when it catches up, Keep the cash and hope BTC goes down then buy that? But if they both keep going up your are off of both horses and just a spectator instead of a speculator.

Anonymous

Yea. Just confused since he mentioned it “popped above the band”

Anonymous

Important to note timeframe of 15m here. Each timeframe tells a different story! Looking at the 4h it's only starting to reverse.

Anonymous

So you're still holding the MSTR 240 calls that you sold before? How long will you hold them?

InvestAnswers

i start at 4 hr and dial in.... you find oppty at high timeframe and you zone in to find your spot.....

Anonymous

Who woulda thought after all the FTX Luna 3ac crap that it would be the collapse of the banks that would mark the beginning of the bull run. Stay Vigilante boys and Girls we’ve come this dar just a little more to go!!!

InvestAnswers

i sold them for 30.75 and they are now at 34 while underlying went from 230 to 242 so I can hold technically till 270 and let time expire

Anonymous

Great thanks. Will you rather buy them back if they drop in value, or you expect that we stay below 270 for longer? I guess if we go above 270, you will roll up to a higher strike?

Anonymous

I am also looking at the 4hr, when I did some back testing on the lower time frames it seemed that I would trace more and come out with less…what am I doing wrong (I’m really happy to trade frequently it just seemed that it was marginal gains on shorter time frame and typically >40 or 50% on the 4hr

Anonymous

I'm playing a longer game here. Ended up 1d confirmation on exiting the cloud and candle close. Then waited for 4hr trend flip (had serious fomo, but stuck with it) entered at $238, so now waiting for Mstr to go out the top of the cloud to flip back to btc. BUT now I'm thinking about covering Mstr with a leveraged short when it exits instead (1/4 or 1/2 of my arb Mstr position)