Bitcoin at $100k
The best trade of my career...
What a crazy ride it has been.
As a systematic trader, I make sure to never hold irrational beliefs about my holdings and just trade what’s in front of me.
Having said that, Bitcoin has been one of the best trades of my career.
Here’s my top Bitcoin trades over the years:
1/2 - 2023:
Entry Date: 01/08/2023
Entry Price: $17,041.80
Exit Price: $20,978.77
Exit Date: 01/18/2023
Total Return: 23%
2/2 - 2023:
Entry Date: 10/01/2023
Entry Price: $27,906.87
Exit Price: $38,883.57
Exit Date: 11/15/2023
Total Return: 39%
1/2 - 2024:
Entry Date: 02/12/2024
Entry Price: $48,922
Exit Price: $65,908
Exit Date: 03/17/2024
Total Return: 35%
Note: I don’t have a screenshot for this one, at that date, as I didn’t post it, and only have it on my excel records that I use for my reconciliations.
2/2 - 2024:
Entry Date: 10/14/2024
Entry Price: $66,509
Current Price: $102,499
Total Return (unrealized): 54%
I’ve traded it many more times in between and many hundreds of other coins.
Did I know it was going to hit $100k?
No!
… and I don’t have to know what an asset will do in order to trade it.
I build models and stick with them.
That’s it.
Many of those models are in the research articles shared in this newsletter.
Trading is all about taking exposures with positive expected value.
To have positive expected value, you need edges that have future potential to offer that.
I will continue to share more of those, and improvements to my current models in these articles.
I don’t claim to have the best models, the most scientific research or being the most profitable trader in the world.
But one thing you can be sure off.
Either I fail or succeed, all of these years in the trenches will be recorded here and in my socials as I have done so far.
Take it as a library from a practitioner of this game.
There’s a lot more to come.
So, feel free to join our community, ask me any questions, and let’s keep working:
Disclaimer: The content and information provided by the Trading Research Hub, including all other materials, are for educational and informational purposes only and should not be considered financial advice or a recommendation to buy or sell any type of security or investment. Always conduct your own research and consult with a licensed financial professional before making any investment decisions. Trading and investing can involve significant risk of loss, and you should understand these risks before making any financial decisions.