Submitted by mrnotadvice t3_1273jda in wallstreetbets
Invest0rnoob1 t1_jedr0tz wrote
You might want to cover that COIN short.
mrnotadvice OP t1_jeeg35z wrote
Why?
Invest0rnoob1 t1_jeen63u wrote
Bitcoin price has nearly doubled from the low.
mrnotadvice OP t1_jeeyowf wrote
Yeah, I also might get smacked if NDX pulls COIN up. Of course, COIN was a "short report" trade from someone who is one of the best - COIN announced yesterday they were looking to domecile outside of the US. Now why would they want to do that.
BTC double from lows is not relative to this trade. COIN vs BTC from my entry is more correlated imo.
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