If you don’t try to time the top, what do you call “buying the dip”?
12.4w selling cakes’ one-year anniversary, and I still haven’t bought $BTC .
This past January, I opened a small-scale space on Binance Square. It discussed that it was definitely time to take profit.
Gold:
At the time, my total cost was 3700. Later on, I added more at 4200. The gold-and-precious-metals frenzy at the beginning of the year seems to no longer exist now.
And my “three-part series” on gold, as well as the articles about the three questions on gold or Bitcoin, are still there.
This year’s overall trading rhythm was originally planned as a dip-buying plan to buy ten BTC at 5.8w, but it wasn’t carried out. Because I misjudged the risk of liquidity affecting gold, I took profit on part of my gold between 4800 and 5200.
There’s also another portion of my gold with a cost basis of over 4100. After buying back and getting out of the gold from around 4200, I used options to buy gold below 4000 as a dip, while at the same time keeping liquidity in hand.
Binance has just also launched precious metals options. Perhaps for KOLs, when gold is rising, it’s everywhere—people all talk about gold. But I’ve always believed gold is my long-term hedging and trading benchmark, and I don’t chase it when it’s a hot topic.
It’s just that I had already opened options back then—yet somehow it was always one step behind me.
But one can’t resist it: even if Binance is slower, it can still grasp the “gap-like” leading position of stock tokens, and adding one more track is still enough to be at the top.
Stocks:
In 2018, because of the company’s asset allocation, I started trading U.S. stocks. Maybe my own habits are more like traditional U.S.-stock traders.
Holding for the long term, doing a cycle to build giants. Therefore, in my Twitter posts, my
$MU 800-plus, crcl70-plus—my costs are all considered high, but I haven’t moved them for a long time.
As for those who have always been trading storage contracts, many positions are gone. I’m not used to trading contracts in U.S. stocks. I don’t understand individual stocks and the industry supply chain—this is my weakness.
And with other positions that are heavily weighted, my so-called “old-timers” stock allocation ratio is relatively high. I entered Google, Intel, Microsoft, and so on, and basically kept them for the long term. In a financial crisis and liquidity crisis, I sold.
Storage is hot, and it’s heavy, so it will rotate over to the old-timers’ stocks.
The largest position by contracts is 186 short at $SPCX . When it reached 148, even my fellow friends were still afraid to jump in. I can only say that 148 is still too expensive. The 110 liquidation—everything is recorded.