BTCMOVE: Scalp long volatility
Updated
Market is boring, bitcoin doesn't move, so, on the one hand I can only wait for some movement and react to it after, but on the other hand I can react on the waiting of the movement itself (or no movement), i.e long / short volatility.
I think there should be some kind of strong movement soon, so I've decided to long BTCMOVEWK0501 contract (straddle) on FTX with strike at $7483.
Hope to catch 10% movement, invalidation - falling 4-5% below, I follow the position closely.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
I think there should be some kind of strong movement soon, so I've decided to long BTCMOVEWK0501 contract (straddle) on FTX with strike at $7483.
Hope to catch 10% movement, invalidation - falling 4-5% below, I follow the position closely.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Trade active
It seems not the best entry point -\ Bought some more, average 356.0Trade closed manually
Wow! Thx BTC, +45%, didn't expect that much, but it turned out well. As you can see if the market is going sideways - not necessary to trade the chop, just long/short volatility.
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