Special Note from Allan I don't mean to "over-post" but we do have a 650% (at its highs) trade on and I want to emphasize trade management before it slips away, Everyone can manage trades on their own, key word: manage. Whether using the 50% trailing stop, or taking and banking partial gains along the way, it all works to mitigate losses and preserve gains. We are getting enough of these huge winners in this service to develop a plan to manage them when they come. Don't expect to squeeze ever dollar out of every win, but make sure to walk away with something, every time, using "half of best' as a benchmark. Our best trades of 2024 are still ahead. Rant over, kudos to all who bought the BITO calls. More to come. Allan Bitcoin/BITO Bitcoin made an all time high a few hours ago, then tanked, so watch out for a knee-jerk retracement. Our 50% trailing stop kicks in if the "Best Return" percentage is halved from its best levels. Worst case is we bank half that amount and re-deploy upon new rally. I can live with that. Bitcoin is already down $4K off the new high. Anything is possible, but $78K - $102K still looms above as a completed 5-wave advance target. Bitcoin Option Prices Mid-Day Tuesday Alternatively, the new high was a "hook" to draw in the FOMO crowd before Bitcoin gives is all back ("all" being undefined for the moment). Again, that is why we draw the line at giving back half our gains on the calls. It is also why we keep a keen eye on the stock indices because if Bitcoin goes, so goes AI and the the rest of the technology sector. SPY No doubt about it - we will be buying puts on first close below SPY 500 SPY Apr Puts GLD - Let's not forget, from last Friday's Into The Close also subject to 50% trailing stop. Remind anyone of Bitcoin?
