Breaking: Michael Burry has disclosed his updated positions
He:
• Added to Micron $MU short at $933.86
• Added to Nvidia $NVDA short at $210.28
• Added to Caterpillar $CAT short at $893.49
• Added to Semiconductor ETF $SOXX short at $535.83
• Added to Flutter $FLUT long at $100.72
• Added to DraftKings $DKNG long at $23.07
• Added to Molina $MOH long at $197.02
Burry left his Tesla, Palantir and QQQ shorts untouched
I've said before that ship captains during the age of discovery were some of the most impressive human beings to ever live. We have trouble appreciating just how unimaginably great these men were. They had to play the role of navigator, cartographer, astronomer, logistics manager, military commander, judge, police captain, diplomat, CEO, recruiter, accountant and governor, all at the same time, and all under extreme duress, out in the middle of the ocean, cut off from the rest of the world where the penalty for one wrong decision was the death of everyone on board. These are some of the most brilliant and gifted human beings the world has ever known. Nobody on Earth today can come close to matching them. They had a level of both skill and physical courage that just doesn't exist on the planet today.
Bitterness destroys relationships.
Bitterness destroys momentum.
Bitterness destroys potential.
Bitterness destroys a good thing.
Bitterness destroys businesses.
Bitterness is infectious.
Bitterness is nasty.
Avoid being bitter at all cost!
In two days, I will start Posting most live trades and Setups. Many setups a day. My own trades.
Will post about many Altcoins and Setups. No Shitcoins.
Use those to study, plan your trade and learn. Hit like you'll be following those charts for trading.
$ETH
- Elevated OI here after yesterday's pump. Perp traders chasing price but no spot volume
- If we flip quarterly vwap, price will trade into last month's high at $2875
- If we see no impulse here, you bid the low marked on chart for support
What's the best way to take profit?
- When we have strong directional moves, wait for a slowdown in momentum shown by absorption
Use this as a TP trigger, not as an entry trigger
If any of you paid attention, this is exactly how I was able to TP today's highs
I have been in Crypto for 8 years, full time. This is my only advice for you.
1. Work extremely hard with same enthusiasm for years. Same enthusiasm.
2. Trade a lot WITH friends.
3. Never get tired of learning new systems.
4. Focus only on your physical health, long term happiness and wealth. Ignore everything else.