Loading ...I always keep a nice cash position, I prefer 20% cash typically. I use shorts to protect my longs. I invest in other sectors outside of the PM’s because I know it’s the most highly manipulated sector on earth. When you go all the way long, just expect to be killed. If you don’t have money on the sidelines to buy weakness, then they keep your head dunked underwater. Everyone in the world said hey Bitcoin is going to crash. So, I just sat there in Circle (CRCL), and I knew they were wrong. Timing and guts are what make winners. I had a friend who does not even understand day trading, who just put down 200K on SLV calls and got creamed. If he were right, maybe he’d be a millionaire, but he wasn’t. The silver bears are out there stalking people like my friend. He got in because his neighbor has $6.5 million in SLV, and he was bragging to my friend and saying, GET IN! His neighbors’ accounts are swinging $1,000,000 a day in different directions. Feels great when it’s going well, depressing, and makes people feel ill when it goes wrong…
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