Good morning from USA. I am now a European football fan! While I appreciate you repeatedly stating the correct positioning strategy, I assume many are holding positions bought at less than optimal prices. (Prior to your tactical advice) Iām down on several positions over fifty percent. I would assume it makes complete sense to hold being the potential projections would negate the paper losses rather quickly without reaching the highest and extreme targets. Please comment. Thanks
With you on this, Tom! Fwiw I'm holding on the basis that you state, ie, if projections to not even extremes (e.g. WIF) would erase (very painful currently) paper losses.
Thanks Paul. And gratefully, I don't need more than initial projections to do well. I may add a tranche if we get another down draft. It feels like momentum is building. Summer doldrums ending? Another question....it seems that Sbet is somewhat favored over Bmnr by both you and Henrik. Is that strictly because the TA looks somewhat better or that more leverage is in play?
Thank you Paul, very good.
Your welcome Walter šš»
Good morning from USA. I am now a European football fan! While I appreciate you repeatedly stating the correct positioning strategy, I assume many are holding positions bought at less than optimal prices. (Prior to your tactical advice) Iām down on several positions over fifty percent. I would assume it makes complete sense to hold being the potential projections would negate the paper losses rather quickly without reaching the highest and extreme targets. Please comment. Thanks
With you on this, Tom! Fwiw I'm holding on the basis that you state, ie, if projections to not even extremes (e.g. WIF) would erase (very painful currently) paper losses.
Hi Tom and Preston
This is exactly why every subscriber's de-risking strategy will be different
It all comes down to your own average entry price
Taking WIF as an example:
Initial - $1.40 to $4.85 (previous ATH)
Potential - $4.85 to $10
Extreme - $10 to $30
Subscribers who have continued allocating during the current Allocation phase will have significantly reduced their average entry price
That means many may not need the Extreme targets to recover previous paper losses
This is why I focus so heavily on positioning rather than trying to pick the exact bottom
Paul šš»
Hi Tom
Good question
Many subscribers will still be holding positions from before the current Allocation phase
I can't comment on individual portfolios or tell anyone whether to hold or sell
What I can say is that the target ranges I publish are there for everyone to compare against their own average entry price
For some, the Initial targets may be enough
Others may need the Potential or Extreme targets
That's why I always encourage subscribers to build a personal de-risking strategy around their own average entry price rather than someone else's
Since February, I've also been allocating into weakness, which improves my own average entry price
Paul šš»
Thanks Paul. And gratefully, I don't need more than initial projections to do well. I may add a tranche if we get another down draft. It feels like momentum is building. Summer doldrums ending? Another question....it seems that Sbet is somewhat favored over Bmnr by both you and Henrik. Is that strictly because the TA looks somewhat better or that more leverage is in play?
Hi Tom
BMNR is not in the rotation assets here at EW 2.0
I don't follow that asset
SBET -
The structure looks good as an ABC
Leverage -
I never use leverage as part of my trades
All my trades are spot only
Paul šš»