ilmscore | Prediction Details
"they are a little bit of a derivative which means their performance becomes tied to the performance of Bitcoin and unless you're going to keep a chart of Bitcoin up while you're trading them um it it it can be fairly difficult to find success so I don't usually like trading these types of derivatives um one of the other problems is that I feel like there are high frequency trading algorithms that are like actively calculating the price of Bitcoin as these are trading and sort of it it's just like there's a there's another level of algo involved it's not exactly the same as trading options but you know when you trade options They Don't Really vary Too Much from the value of the underlying asset in the sense that options don't usually go up a ton when the underlying asset isn't moving they they move to a certain extent in Tandem and that happens with a lot of these stocks are tied in with cryptocurrency"
By Ross Cameron - Warrior Trading | November 12, 2024 | Pending
From video
Big Momentum with $FOXO +774% and $BTCT +350% 00:13:04 - 00:14:03
Interpreted Prediction
Stocks tied to cryptocurrency performance (sympathy stocks) are considered derivatives whose price movements are linked to the underlying crypto, making them difficult to trade without also monitoring the crypto's performance, and they are influenced by high-frequency trading algorithms.

Prediction Details

Topic
Cryptocurrency Sympathy Stocks

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