Post
Topic
Board Speculation
Re: 2018 Cryptocurrency Crash (Elliott Wave)
by
drays
on 16/09/2018, 00:17:23 UTC
Could you tell more about your overall investment strategies? Are there coins or commodities you hold, because you believe in them? Or do you only trade waves?

And thanks again for your posts, they are refreshing alternatives to all those sneaky BTC50,000 posts.

Current investment strategy:
   —Long stocks (possible top in 2019, then 25% bear market).
   —Short commodities (possible metals low in 2022, oil top in 2020).
   —Long currencies (i.e. x/USD major pairs, US dollar bear market until 2022).
   —Short cryptocurrencies.


Interesting... I have a side-question, most probably stupid one. Trading and markets generallywere out of the sphere of my interests, so pardon my ignorance... But your statement raised my curiosity.

You generalize *stocks*, *commodities*, *currencies*, *cryptocurrencies*... Well, I understand your view on cryptocurrencies - I assume you short everything with "crypto-" as a prefix Smiley, but what about the rest?
Are you long on all stocks and short on all commodities? Aren't different stocks behaving differently, and significantly rising when others go significantly down?
Or it makes sense to trade them as a "herd" doing the same movements at the same times?

Crypto is an ecosystem and it seems to go down/up as a whole. That's understandable as it all represents a common set of technologies and applications (to some extend; the diversity is getting much bigger, but that's different topic). But stocks..?! They represent different companies working in completely different areas of life, operating in different parts of the world. Did the world became so small and tied together, so they are also making an ecosystem..?