Hey, I was out last night and couldn’t post or tweet about my last two trades. I took a huge loss on SALT to invest in LGD. Here’s what I did:
I sold SALT at B0.00096983 for a significant loss.
I bought LGD at between B0.00014998 to B0.00015298 when I saw that it had dipped.
You’re probably wondering why — and it really is a gamble. I figured that SALT wouldn’t be responding to loan applications until after the holidays (e.g.: Monday). So that means SALT’s price will just dip and remain at some stable levels, which are way below my buy-in.
Meanwhile, LGD is holding a New Year’s Eve event that will most certainly pump its price to at least B0.00016.
So there you have it.