IA Daily Digest (Patreon)

Summary of InvestAnswer's Posts Date: 12 February 2023  - 13 February 2024 📈

Trading and Investing: Selling Calls:

Employs a strategy of selling calls 30-45 days out following a significant price spike. He implements a method of gradually buying back in thirds to secure profits and mitigate risk. When conditions are favorable, he allows options to expire naturally.  But beware of jumping in front of freightrains as we saw last week w MSTR

SOL 3.3x Perp Leverage Trade:

Reports a remarkable achievement with a 100% return over 20 days on his leverage trade involving SOL3.

Investing:

IA's investment focus spans equities, pure Bitcoin exposure, MSTR, Bitcoin miners, various cryptocurrencies, and SOLALTS. His trading approach primarily encompasses stock trading with a significant emphasis on options and hedging.

ETH:

IA still has a 5-6% position in ETH as a precautionary measure, anticipating the potential approval of an ETH ETF, which appears increasingly likely.

Bitcoin Technical Analysis:

Observes a shift in Bitcoin's dynamics, noting it's no longer solely reliant on technical analysis but has become a game of money flow. He analogizes Bitcoin to gold and predicts a 20% potential of a sustained upward trajectory over the next 8 years.

Gareth Soloway:

Advises caution regarding Gareth Soloway, citing his announcement of a new BTC short position.  IA thinks this is insanity given the market conditions and ETF flows. 

Price Prediction:

Highlights the influx of half a billion dollars into BTC daily, signaling ongoing buying pressure that prevents a downward price movement. He presents that his bear case price projection of 600K for BTC by 2030 is now far too low if these flows continue and if BTC survives. 

Portfolio Strategy:

IA holds significant positions in MSTR and TSLA, with MSTR entirely in options and TSLA divided equally between stock and options.  MSTR position is now larger than his Tesla position due to extraordinary movements.

Rebalancing CLSK into BTC :

Suggests reallocating from CLSK to pure BTC if CLSK comprises 50% of your portfolio.

Biotech:

IA avoids biotech due to its perceived higher risk compared to crypto assets.

Solana and Alts:

PYTH has outperformed LINK year-to-date.

PYTH:LINK chart

Bitcoin 50k:

IA predicted a breach of 50k, which occurred and then BTC surpassed 51k on 2/14. IA emphasizes the significance of ETFs this time. They are driving all the action.