NexusFi: Find Your Edge


Home Menu

 





Shorting Bitcoin


Discussion in Cryptocurrency

Updated
      Top Posters
    1. looks_one shodson with 3 posts (0 thanks)
    2. looks_two Charlie3 with 2 posts (0 thanks)
    3. looks_3 suko with 1 posts (1 thanks)
    4. looks_4 Futurestrader357 with 1 posts (1 thanks)
    1. trending_up 10,956 views
    2. thumb_up 5 thanks given
    3. group 18 followers
    1. forum 13 posts
    2. attach_file 1 attachments




 
Search this Thread

Shorting Bitcoin

  #11 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
Posts: 1,326 since Oct 2013
Thanks Given: 844
Thanks Received: 1,416

I was short the physical. Then around the bottom yesterday I uttered the magical phrase "I'm not covering" and it immediately started to recover.

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
MC PL editor upgrade
MultiCharts
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
33 thanks
Just another trading journal: PA, Wyckoff & Trends
26 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #12 (permalink)
 
Neo1's Avatar
 Neo1 
Christchurch, New Zealand
 
Experience: Beginner
Platform: SC
Broker: IB, BC, Dx Feed
Trading: US Equities
Posts: 428 since Jul 2014
Thanks Given: 471
Thanks Received: 531


shodson View Post
NADEX has Bitcoin binary option trading now. I shorted a 702 bitcoin weekly binary option earlier this week ahead of the brexit vote. This will pay off nicely as it should expire in my favor tomorrow since it's already so deep in the money at this point, but anything can happen.

https://www.nadex.com/markets/bitcoin

How's it looking now?

"Free markets work because they allow people to be lucky, thanks to aggressive trial and error, not by giving rewards or incentives for skill. The strategy is, then, to tinker as much as possible and try to collect as many Black Swan opportunities as you can"
Reply With Quote
  #13 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709



Neo1 View Post
How's it looking now?



Still looking good. Today is expiration day and we are still well below 702




Sent from my iPhone using Tapatalk

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #14 (permalink)
 
shodson's Avatar
 shodson 
OC, California, USA
Quantoholic
 
Experience: Advanced
Platform: IB/TWS, NinjaTrader, ToS
Broker: IB, ToS, Kinetick
Trading: stocks, options, futures, VIX
Posts: 1,976 since Jun 2009
Thanks Given: 533
Thanks Received: 3,709

Since @Neo1 asked, it settled in my favor. I risked 40 to make 60.


Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on June 24, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts