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Trade bitcoin against goldA Simple Method to Trade Bitcoin Against Gold | Phil's Stock World
I have learned more about options in the past 2 weeks as a full PSW member that the previous 5 yrs of making more bad than good option plays. The educational material alone is worth several times the price of admission. Well I want to thank P. Davis for his style and for the fact that he affirmed my thoughts for a correction.
He was right and his confirmation of my bias saved me thousands. Davis is amoral when it comes to money. He realizes the poor are screwed but we must fight to win. A measure of sarcasm and dark humour and it is great reading. Phil — Great calls yesterday, you were in top form. As I was reading your postings, I had hindsight of what the day brought. The calls were uncanny! Thx Phil. Lightly moving in the bullish direction.
Still just learning the rhythm. In the three months I have been using your system, my little portfolio is up 9. Phil - DIA Calls. As suggested I am taking the money and running to home depot for some shelter supplies!
This is the grand finale of several successful trades from you through this roller-coster and as you have further suggested it is time for me to sit back and relax in cash.
May even be able to talk my wife into the premium membership after these intelligent trades in a stupid market. How will I ever do anything else in my life that will compare to the wild ride you get trading an ultra etf in the most volatile sector in the stock market the day before option expiration?
Busy trading, but lots of fun and memorable trades. Simply the best blogger with the greatest group of members a person could surround himself with on trading day. Phil - Wow…wow. The vision and inate grasp of the options world you posess is rather staggering. It's this type of experience that I really hope to develop. I cannot thank you enough for the patience, knowledge and effort you put into this place. Please keep it going! Phil you are great, and not only is your market info spot on but you have the courage to call it like it is and write about it in a great tone.
Greetings Phil, I am an Economist at Harvard and some of my colleagues and I would like to let you know that we follow your posts on SA, and find your analysis refreshing, rigorous, and acute. Great work! Though many of us including myself have our work covered in the Wall St Journal, in many ways your macro commentary is more fearless and accurate than what is generally found in that venerable publication.
Kind regards, Daniel. I averaged into 12 shorts at and got out of 6 at and 6 more at I like the retirement picks too. The futures trading is certainly more sexy, but the boring retirement picks are the ones that consistently make me money.
Kudos on the POT puts! I studied the charts last night and you couldn't have hit the inflection points more perfectly. Since there are often many head fakes in the charts, that was very well done. I know they can't all work this well, but that was an extra unexpected bonus yesterday. I think that Phil is super, I am up Thank you for your kindness and the opportunity to observe Phil from February.
You have so many of these awesome little tricks in your playbook that it really amazes me. I toally love your analogy by the way: Do you want insurance that you have to pay for, or do you want insurance that pays you? Phil, I meant to post over the weekend, but I was busy having fun. Last week was a very nice week for me, and I wanted to thank you for all that you do.
I am pretty much back to cash and really feel like I am learning. Thanks again for the service you provide. Market manipulation…. One of the things I've gained from this site is the concept of market manipulation. I never thought it was so prevalent, but now I know it is. I actually consider its effect when I make trades.
My reasoning was that they will probably pin this month at They came in big time as the stock moved ever closer to I agree with Phil's comment that one of the things we need to do is find out what they are manipulating, and how, and hitch a ride.
They are doing this with several equities. I've actually seen one article describing several equities that were being manipulated to pin at expiration each month, and describing how it was done, and of course Phil has described it well. Two years ago I'd wake up early and my heart would race if futures weren't pointing exactly how I wanted… I've noticed an exponential leap in my discipline skills especially over this past two weeks.
The old me would have ran with that trade for profits without even asking. Also, it's more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol' Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? I'd love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results.
Thanks, everyone. I look forward to further lessons. Thank God for Phil. When I first started to read it, none of it made a blind bit of sense to me, but I stuck with it and gradually began to work through some of the trades to see how it worked.
Now I am putting on SPY backspreads combined with bear put spreads, entering and leaving positions after consulting the VIX, and engaging in other esoteric maneuvers that are keeping my portfolio above water. A truly great website with a lot of information for investors. Whether you are a novice, seasoned, or a professional there is a lot to be gained about stock options and options trading from this very informative website.
Thanks Phil, for banging the table on getting short and getting to cash. Usually when this happens in the market I am freaking out but I actually made money this week thanks to you. That HOV trade was a great way to re-deploy some of my cash. Phil: I am always able to figure out your trades, including the rational when put in the right context of previous comments, etc.
Keep doing what you're doing. It is much appreciated, and invaluable. Your hit rate of successful trades has been very high in my 1. Phil, thanks for the call on the SKF puts earlier, I'm riding that horsie downhill right now, giddyup!
I have to say, hands down, this is one of the best educational experiences I've had in my life. I've even gotten my wife accountant into the webinars and she wants to master this concept of selling premium and making smart, conservative investment decisions.
She'll eventually use this knowledge to manage her clients' wealth and make smart investment choices for them. Bib big thanks Phil!! I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Phil does not baby people and certainly can't make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions.
Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful.
Rule Number Two is even better. Phil: Once again thanks for those inciteful comments, and the old links to Sage's portfolio management I hadn't read before. I'm an experienced stock trader, but over the last 3 or 4 months have come to appreciate options trading here at PSW, and the consistency of your many premium-selling strategies. Much appreciated!
I have to thank you for excelling yourself during this past week. I have spent a good few hours going over your notes and comments and there are so many gems on repairing and rolling trades that I have been beavering away on paying special attention to my major positions and analysing them using your approach on Tuesday. Being able to look at a group of trades on the same underlying in this case AAPL and taking a detached view by assessing the impact of the underlying reaching different price points was extremely reassuring.
Phil fantastic call on the markets… I owe you BIG…thanks and have a great weekend! That's right, buddy!! And I started putting my options trades in my comments That's hard to do. I Love PD!! He's just a man about Work! I love volatile days like this when you can make a bunch of money on these big swings.
As long as you have Phil on your side calling the bottoms and the tops of course. It is amazing how much confidence you engender, Phil……….. It all helps the mental and emotional discipline of the trading too.
So thanks again. I This was the first spread trade for me and promised to join your service if I made money. I closed the spread last week and will be joining next week when we return home. Man, what a week: Bought C at 1. Ran SKF down from with one April put, still holding some 's expiring in a couple days. I'm going to gamble this position like a champion Friday. Bought FAS at all sorts of levels and started cashing out.
Courtesy of ZeroHedge. View original post here. I have been a gold bug for most of my life, and normally put a substantial portion of my savings in gold. Regardless of what the actual reason might be, I have an interest in accumulating gold by trading. Recently I found a simple way to do that which is working pretty well so far.
Vaultoro is an online exchange market between Bitcoin and gold. My algorithm is as follows. Every day, I log in and check the relative change in the portfolio. That means Bitcoin went up against gold since yesterday.
Next I subtract the lower value from the higher value and then divide the result by 2. Following this algorithm, as Bitcoin goes up, I accumulate gold. As Bitcoin goes down, I accumulate Bitcoin.
The high volatility against Bitcoin makes it the perfect trading partner against gold. Over time, my portfolio gradually accumulates more Bitcoin and more gold, which I can eventually take delivery of.
This method works over long periods of time months to accumulate more Bitcoin and gold. In the short run, I might miss the full potential to benefit from being long on Bitcoin as its price doubles. But I accumulated more gold. This method can be used between any two instruments on other exchanges like Poloniex.
Using this method you could trade between Bitcoin and Ethereum, for example. It is relatively low risk. Even if I only re-balance once a week or once a month, the method still works. But it is most effective if done at higher frequencies. Trading exchanges have historically been the riskiest part of the Bitcoin ecosystem.
Lots of exchanges have failed for various reasons. Therefore, it is important to protect oneself from the risk of the exchange itself failing. If you wanted to use my method you could limit your risk like this:.
When you calculated the account values of your portfolio, count the gold and bitcoin under your control as part of the total portfolio. I now have more gold grams and more Bitcoin than when I began. The spread between buy and sell orders widened massively as a result of the high volatility of Bitcoin. Everybody seems to want to buy the Bitcoin dip, creating a bit of slippage while shifting gold to Bitcoin. I actively trade on Vaultoro using the method described here. If many people copy my strategy on that exchange, it will tend to suppress volatility, which goes against my trading interests.
However, I also used my affiliate link to Vaultoro above. If many people follow the link and open accounts, I may benefit from any trading fees generated. I do not think either interest is financially significant enough to bias my perspective. That is good stuff! In conversations with the author, I have expressed my belief that many people are unwilling to invest in things they do not understand, and crypto curency is certainly one of those things for me.
I am looking forward to the opportunity to dramatically increase my understanding at the symposium. Lord knows I like to discuss smart ways to aquire gold…. There are still just a couple of rooms left at the St George Hotel, and some homes on AirBnB, but we filled up the teepees, yurts, safari tents, and vintage trailers at El Cosmico and all other hotels in town!!! If you are still on the fence, then get off it, and come on down!
This speakers, live music, and party in the high desert are going to be amazing…you only live once! This entry was posted on Wednesday, June 7th, at pm and is filed under Immediately available to public.
You can leave a response , or trackback from your own site. Phil - I am 3 month follower and shout a big thanks for all the good advice and training. I read all the materials and posts as suggested. I am retired CFO and took over my investments 2 years ago from broker after frustration with returns.
I had been doing covered calls on my stocks to boost returns and slowly am getting more aggressive after following your site and my son who has been with you for 6 months. I allocated 1. What would you advise for getting long again.
Thanks again for such a great job advising all of us! We are lucky to be in America and it is great to be part of the PSW tribe. Keeps me thinkin' and gatherin' the profits. Half to a third of the trading account is reserved in margin capacity that Is not committed. So, again thanks Phil and all of you other members. I traded too much and fell in love with stocks that "should have done" what they didn't do. This is manageable with my full time job as a business owner. I have found Phil's system a more discipline way to achieve the returns I want without relying on my ability more like inability to "figure things out".
The speed at which NFLX options decayed was precipitous. The blow out spike that allowed me to double and roll my callers to ! The gains I realized in that trade floored me when I took a long at my portfolio value on Friday. What a great way to start the 3rd Quarter.
This has proven an effective method in the past, but a newer alternative is challenging the old-school safe-haven. Launched in , bitcoin ushered in a new era of digital currencies. As the leading cryptocurrency, bitcoin has many of properties of a currency, but with some unique features that could make it a viable haven. Ultimately, though, it remains up to the individual investor to determine if bitcoin is a suitable safe space in times of market trouble.
Below, we'll compare gold and bitcoin as safe haven options. There are several factors that make gold a strong safe-haven asset.
Regardless of demand, supply remains disproportionately low. Gold cannot be manufactured like a company issues new shares, or a federal bank prints money. It must be dug up from the ground and processed. The precious metal used to be tied to the Dollar until when President Nixon severed the ties between U. Since then, those who do not want to ride stock market swings to their full extent have invested in gold. Plus, as more people flee stocks and invest in gold, the price rises accordingly.
Bitcoin is a blockchain-based cryptocurrency that shares some properties with its gold counterpart. Market participants may remember in when the price of one bitcoin surpassed that of a single troy ounce of gold for the first time. Like gold, there is a limited amount of bitcoin. Satoshi Nakamoto, the pseudonymous creator of bitcoin, limited the total supply to 21 million tokens.
Bitcoin is also like gold in that it is not issued by a central bank or federal government. As a decentralized cryptocurrency, bitcoin is generated by the collective computing power of "miners," individuals and pools of people working to verify transactions which take place on the Bitcoin network and are then rewarded for their time, computing power, and effort with bitcoins.
To ensure that the market isn't flooded, the Bitcoin protocol stipulates that these rewards are periodically halved, ensuring that the final bitcoin won't be issued until about the year For hundreds of years, gold has dominated the safe-haven asset arena, while bitcoin was launched just over a decade ago and has only achieved widespread recognition in the last few years.
Below, we'll compare these two investment options head-to-head:. Bitcoin is also difficult to corrupt, thanks to its encrypted, decentralized system and complicated algorithms, but the infrastructure to ensure its safety is not yet in place. The Mt. Gox disaster is a good example of why bitcoin traders must be wary.
Many years later, the legal ramifications of the Mt. Gox situation are still being resolved. Both gold and bitcoin are rare resources. The halving of Bitcoin's mining reward ensures that all 21 million Bitcoin will be out in circulation by the year While we know that there is only 21 million bitcoin that exist, It is unknown when all the world's gold will be mined from the earth.
There is also speculation that gold can be mined from asteroids, and there are even some companies looking to do this in the future. Gold has historically been used in many applications, from luxury items like jewelry to specialized applications in dentistry, electronics, and more. In addition to ushering in a new focus on blockchain technology, bitcoin itself has tremendous baseline value as well.
Billions of people around the world lack access to banking infrastructure and traditional means of finance like credit. With bitcoin, these individuals can send value across the globe for close to no fee.
Bitcoin's true potential as a means of banking for those without access to traditional banks has perhaps yet to be fully developed. Both gold and bitcoin have very liquid markets where fiat money can be exchanged for them. One major concern for investors looking toward bitcoin as a safe haven asset is its volatility. One need look only to the price history of bitcoin in the last two years for evidence. It has since recovered a portion of those losses, but is nowhere near its one-time high price point.
Besides overall volatility, bitcoin has historically proven itself to be subject to market whims and news. Particularly as the cryptocurrency boom swept up a number of digital currencies into record-high prices around the end of , news from the digital currency sphere could prompt investors to make quick decisions, sending the price of bitcoin upward or downward quickly.