I figured out how to do this in crypto using algorithmic money market. If I think a asset will fall I can borrow said asset. Then I can convert what I borrowed into usdc. As said asset drops my debit I owe becomes less and I can pay back loan and pocket the difference. You do have to supply 2x the money you want to borrow as you don't want your leverage ratio to be higher than 50%. Although if you supply dollars then you're not worried about your leverage ratio changing. So example I supply 2k of usdc to algorithmic money market. I enable collateralization and borrow BTC against my dollars. So I take $1000 of BTC sell it for usdc then. Wait for drop to happen. As say BTC drops a bit $1000 debt maybe becomes $900 so I repay it pocket a $100 difference. Works inverse if your long you borrow usdc and trade it into BTC for example. Then as price rises you repay the dollar debt plus whatever interests you incurred during the borrowing period. Pocket the difference off of your appreciated asset. Just something I figured out in my ears of DEFI trading.
MMRI is not a crash indicator, it is a risk indicator. Moreover, what is, in your opinion, going on in the market which has you so rattled? As I said, banks are underperforming. Why not ask me about IBM, MO, KO? Well I will tell you.. they are doing GREAT!
I had a false hope that JPM will bounce back. I am selling it all with huge lost on JPM. Banks stocks are not always working out for me. My biggest mistake to change from AAPL to JPM. It is painful to watch everyday with huge lost on JPM. All my hard working money is gone haha. Now I dont care if banks are going up now. Good luck all.
Prob. This is the money that I cannot lose anymore. Good luck to you as well. I have been following you for 7 years and I even bought your "Evolutionary" product. Long time. I want to leave the market for now.
I figured out how to do this in crypto using algorithmic money market. If I think a asset will fall I can borrow said asset. Then I can convert what I borrowed into usdc. As said asset drops my debit I owe becomes less and I can pay back loan and pocket the difference. You do have to supply 2x the money you want to borrow as you don't want your leverage ratio to be higher than 50%. Although if you supply dollars then you're not worried about your leverage ratio changing. So example I supply 2k of usdc to algorithmic money market. I enable collateralization and borrow BTC against my dollars. So I take $1000 of BTC sell it for usdc then. Wait for drop to happen. As say BTC drops a bit $1000 debt maybe becomes $900 so I repay it pocket a $100 difference. Works inverse if your long you borrow usdc and trade it into BTC for example. Then as price rises you repay the dollar debt plus whatever interests you incurred during the borrowing period. Pocket the difference off of your appreciated asset. Just something I figured out in my ears of DEFI trading.
Just don't use any of these strategies on Greg's stock picks unless you like losing money. How the banks looking today Greg? MMRI didn't warn you?
MMRI is not a crash indicator, it is a risk indicator. Moreover, what is, in your opinion, going on in the market which has you so rattled? As I said, banks are underperforming. Why not ask me about IBM, MO, KO? Well I will tell you.. they are doing GREAT!
I had a false hope that JPM will bounce back. I am selling it all with huge lost on JPM. Banks stocks are not always working out for me. My biggest mistake to change from AAPL to JPM. It is painful to watch everyday with huge lost on JPM. All my hard working money is gone haha. Now I dont care if banks are going up now. Good luck all.
Perhaps premature? As I have said, I will keep these as core positions- moreover, they pay a nice dividend.
Prob. This is the money that I cannot lose anymore. Good luck to you as well. I have been following you for 7 years and I even bought your "Evolutionary" product. Long time. I want to leave the market for now.
Obviously with anything there's risk