Had no choice, sold off some stocks that show little promise (bad investments - that's on me), to add to QBTC in both USD and CAD late morning. If BTC Breaks above this descending Trend-Line, it can move up to 24 K in a hurry.
I still favour a correction lower in the next couple of weeks and hope that I have cash available if it happens. In the meantime, sometimes a small YOLO play is in order. If BTC breaks past 25K and I am not in as much as possible, then I will not be able to forgive myself understanding this opportunity to capitalize on BTC gains within my investment account.
Personal Commentary: I would rather DCA into BTC than hold weak players in the CBD-oil industry (they don't stand to benefit from legalization as they are already legal and poor performers). I am being impatient, and have taken an ugly draw-down, but I am not interested in that industry, both CWEB and TGOD can make a great recovery and reward investors that bought the lows. I just bought at the wrong time and the wrong price, so cutting my losses. Would rather have more cash in BTC in my investment account, even if it drops short term. Will DCA whenever I have spare cash available that isn't being directed to dividend-income growth. I do hold crypto directly, this is an investment account play, and intending on holding for the duration. I have already purchased QBTC at significantly lower prices, so this is adding to my position. Also added Dividend income today in both USD and CAD.
I still favour a correction lower in the next couple of weeks and hope that I have cash available if it happens. In the meantime, sometimes a small YOLO play is in order. If BTC breaks past 25K and I am not in as much as possible, then I will not be able to forgive myself understanding this opportunity to capitalize on BTC gains within my investment account.
Personal Commentary: I would rather DCA into BTC than hold weak players in the CBD-oil industry (they don't stand to benefit from legalization as they are already legal and poor performers). I am being impatient, and have taken an ugly draw-down, but I am not interested in that industry, both CWEB and TGOD can make a great recovery and reward investors that bought the lows. I just bought at the wrong time and the wrong price, so cutting my losses. Would rather have more cash in BTC in my investment account, even if it drops short term. Will DCA whenever I have spare cash available that isn't being directed to dividend-income growth. I do hold crypto directly, this is an investment account play, and intending on holding for the duration. I have already purchased QBTC at significantly lower prices, so this is adding to my position. Also added Dividend income today in both USD and CAD.
Trade active
Also sold OIH at a loss (pre-March 2020 purchase), and while this has great upside potential, it does not provide much income along the way. Added some PCI and of course added QBTC as per the thesis of my commentary. Have plenty of Energy at the moment, diversifying a bit of my income plays will smooth out the ride.Comment
Late in the day but looking constructive, RSI also goodBTC, don't make a fool out of me today!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.