9 hours ago
2
Trader’s,
I hope you all had a wonderful weekend. As always, I look forward to sharing several of my main ideas as we head into the new week.
What a timely discussion on Thursday ahead of Friday’s CPI number, where I laid out several IF/THEN scenarios, with emphasis on my main idea: a potential breakout in Ethereum. That, along with a key process I use each day before the market opens, were the main takeaways from my most recent Inside Access meeting.
All eyes now turn to the upcoming FED meeting this week!
Ethereum (ETHA): Following Thursday’s discussion, I stuck to my plan and went long ETHA below 19, then through 19, for the intraday breakout. I closed my stock position into the parabolic intraday upmove. As I laid out in my meeting, I am a bit more apprehensive right now about holding swings due to current market structure and conditions. That said, it was an explosive breakout at the time, so I used some of the cushion from my stock breakout long to maintain small long exposure with options for the swing. Using options meant I knew my absolute risk, and I’m only alloc...
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