I like to make a BITX buy and corresponding sell within a trading day. Sometimes I hold overnight, but definitely not over the weekend. I also try holding on for the dividend, so I will buy Oct 28th and hold into the 29th. Don't forget about those juicy dividends.
oh wow good strategy. yea holding over the weekend is a risk because anything can happened an you can't sell until monday. i Honestly didnt even know they give dividends lol because they dont indicate it the the prospectus
@@InvestwithIzzy Also you have to put in stop loss sell to prevent some major single day losses. I was up $20K over a couple weeks of BITX trading and lost $16K in one day because I was stupid and didn't put in a stop loss trade when Bitcoin dropped a couple K in a span of a few hours. Be disciplined with BITX.
Nah man I wouldn't do that if i were you. most likely you'd lose a-lot of money over a long period of time. Bitx is more so meant for shorter term holds
@InvestwithIzzy bitx is outperforming gbtc and ibit ytd and over the past 1yr i think if you dca when it goes down long term its comparable to 2x s and p etfs bitcoin isnt going anywhere
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I like to make a BITX buy and corresponding sell within a trading day. Sometimes I hold overnight, but definitely not over the weekend. I also try holding on for the dividend, so I will buy Oct 28th and hold into the 29th. Don't forget about those juicy dividends.
oh wow good strategy. yea holding over the weekend is a risk because anything can happened an you can't sell until monday. i Honestly didnt even know they give dividends lol because they dont indicate it the the prospectus
@@InvestwithIzzy huge dividends. Take a look.
@@InvestwithIzzy Also you have to put in stop loss sell to prevent some major single day losses. I was up $20K over a couple weeks of BITX trading and lost $16K in one day because I was stupid and didn't put in a stop loss trade when Bitcoin dropped a couple K in a span of a few hours. Be disciplined with BITX.
What if i dca for a year
Nah man I wouldn't do that if i were you. most likely you'd lose a-lot of money over a long period of time. Bitx is more so meant for shorter term holds
@InvestwithIzzy bitx is outperforming gbtc and ibit ytd and over the past 1yr i think if you dca when it goes down long term its comparable to 2x s and p etfs bitcoin isnt going anywhere