🚨Risks of HODLing 🆚 Data Science 📊of Profit Taking!🤑 #2

#bitcoin #ProfitTaking $MSTR $LMPFA #XPeng #3xLeverage #Tesla #Bots #DataScience

DISCLAIMER: InvestAnswers does not provide financial, investment, tax, or legal advice. None of the content on the InvestAnswers channels is financial, investment, tax, or legal advice and should not be taken as such; the content is intended only for educational and entertainment purposes. InvestAnswers (James) shares some of his trades as learning examples but they are only relevant to his specific portfolio allocation, risk tolerance & financial expertise, may not constitute a comprehensive or complete discussion of such topics, and should not be emulated. The content of this video is solely the opinion(s) of the speaker who is not a licensed financial advisor or registered investment advisor. Trading equities or cryptocurrencies poses considerable risk of loss. Kindly use your judgment and do your own research at all times. You are solely responsible for your own financial, investing, and trading decisions.

0:00 Introduction
1:39 I have a position in GraniteShares 3x long MSTR, which is nearly 80%(52k eur) in loss. I just got my credit line of 50k which I want to spend wisely to get out of this ugly position. What would you do in this situation(i am stuck for 5 months now)?
2:31 MSTR up 590% 3LMI Down 57%
3:04 This is what Eats You Alive
5:05 $3LMI on New Profit Taking Model
7:15 Profit Taking is Like Poker Playing
8:58 Let’s Break the Profit Taking 2024 on $3LMI Down
10:27 Summary of Profit Taking on $3LMI
11:33 New IA Profit Taking Model
13:13 $3LMI What Selling 497,780.40 Looks Like vs Losing 80%
14:13 Warning
16:07 Would you consider making a video where you walk us through your process of fundamental analysis? It would be great to see what tools you use to assess a company, and how you distinguish between the good and bad.
16:28 Ultimate Guide to Picking Stocks
17:10 IA Stock Picking Checklist
20:45 In a former post, you highlighted your CC strategy you used when you got started in investing to generate income. What other strategies did you use in those early days to bring in enough income to cover the bills?
21:12 Focus & Practise is key
22:09 My Stegnth and Weakness is my Maniacal Focus
23:40 Question
24:48 Best Options Trading Platforms
26:17 Could you do an update on retire on series?
26:55 Retire on Updates Coming
27:36 You demonstrated a NOS-SOL pair trade example recently using NOSUSD/SOLUSD chart on the ATR model. I was under the impression that if you want to pair trade, the optimal indicator to use is PTOS. Why did you demonstrate using the ATR in this example?
28:20 PTOS vs ATR & NOS/SOL on ATR
30:00 Could we review the best way to setup alarms on IADSS to see if any new creative ways from the community. Is there a way to get an alert by phone call besides a text, having a robust alarm system is just as an important topic until James approve use of more automated trading using his models.
30:36 Indicator Alert Setup View
31:00 Settings and Code
31:15 Configuration
31:24 Go To Discourse: IADSS PushBullet
32:00 Question
33:07 Google is 73% Institution Owned
33:46 Germany Today
35:34 Impact on Stock
37:16 Question
38:14 Tesla is NOT a Car Company
39:21 XPENG
39:45 Only 3 Firms have a Shot TSLA BIDU & Huawei
40:22 XPENG on ATR
41:10 Question
42:10 Question
42:49 SOLETH up 600%
43:12 ADA had 500,000 DAU now it has 22,000
43:50 XRP has $2M in FDMC per DAU
44:39 Step 1: Kill the Losers
46:59 Question
47:16 LMFA BTC Holdings
47:46 LMFA Financials
48:48 LMFA on ATR
49:22 Helping Animals

[martinuk]

@ianf8005 😂 just like me although my figure is about double that at 60%, only in the past before I found James’ channel

[WheresLambo]

New to the market in 2020, YOLO into Doge @ .04
I had just over million$ in my bag @.72, didn’t sell. I still hodl today, praying that daddy Elon implements it on xpayments. Lessons learned just super expensive lol.

Luckily I found your channel in 2021 and stacked BTC, TSLA, MSTR and SOL hard during the bear.

I’m excited to take profits when the time comes, just concerned with the possibility of an extended BTC super cycle.

Appreciate you and your team for all the alpha!

[JimmyBothwell]

I’ve spent over 100k on financial education when my bag would’ve been bigger if I would’ve just found this channel instead of going to a university 😅

[bryceshepardmejia]

Been here for about 4 years James. This is one of your meatier performances. Thank you

[spinachhandsjklolsmh]

I bought $1, 200 of Tooker on jupiter.. 3 weeks later it was worth almost $60, 000, and I rode it all the way back down to that will never happen again

[kathrynmassey]

Hi James, great video as always! Here in Australia we have to be careful when we take profits due to Capital Gains Tax. If you haven't held the asset for more than 12 months then your paying the top amount of CGT and there goes a huge chunk of your profit.

[alejandrovillanueva]

Great show James! I love your conservative and risky style at the same time. I hope to learn it some day. A pleasure to watch. Take care, thanks so much!

[Tildeus]

42:30 really highlights your motivation behind this—such a positive attitude and genuine willingness to help others is truly admirable👏

[aussiealts]

Yep, I watched 3 coins do 10X and 1 coin do 50X, my portfolio 2x, it was a lot and I didn't take a thing. 😢

Massive lesson learnt.

[ivanbaric]

I did with BTC. Holding from mid 21 till now. Cost K 30 went up to K 69, held waiting for K 100. Never happen. Now Learning from my leasson.
Thank you James.

[Roachdog]

I was investing in MSTR, RIOT and MARA last bull run. I was 900k in profit and held it to 0.
I will memorize this video.

[tanhef]

Partial profit taking is a great first step to tame the fear of losing unrealized gains.

[lernwithreynald]

Held from 34k BTC to 68k then down to 15k and back up to 73k and here we are. Never took profits but I think of Bitcoin as retirement money so that drop felt like a generational buying opportunity more than anything idk. In fact, my original investment thesis relied on the idea that there would be another massive drop for me to buy down cost basis and ongoing volatility to manage that cost basis going forward. Was able to get some full bitcoins down at those winter prices

[lou]

I value my financial wealth in BTC so I never sell except to buy what I need.

[ahappyyotubeuser]

4:12 - "Who here in the audience watched something skyrocket and didn't take the profit and watched it going all the way down and below".
Are you talking about 2013 - where someone buys Bitcoin for $500, watched it skyrocket to $1, 200 and dropped below $100, But still hold it until 2024?
Yeap, some duds mad this...

[alwayslearning]

The Sunday Q&A is one of my favorite videos from you. Especially, when the questions are geared to teach. Excellent video and much appreciated.


Got to sell to make a profit. I love it!

[jessewallaceable]

I love your show James. I can’t tell you how grateful I am for it. Over the last 2-3 years I went from debt to building a bag for the first time in my life. That coincides with working my tail off to make myself profitable. Keep it up man, your generosity is priceless.

[williesantiago]

In my early days of investing I bought Hylion stock, I 3x and watched it go below cost basis by 20%, biggest teaching moment ever, and glad I experienced it early on.

[Charlatan-Parodyman]

I sell when I want to buy something. I sold last year to buy my house. Timed it perfectly. I sold just in time to pay for it

[jstacksBTC]

Thank you James, and to the team another home Run Q&A. Glad to be on this journey with you. ❤