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A Trader’s View on Crypto

Traders Magazine Online News, December 14, 2017

Mike Unetich

I recently saw an industry article with the theme “how I would be thinking about bitcoin if I were to put my old broker hat on.” This was a very timely perspective as Cboe/CFE and CME are launching their bitcoin offerings within the next couple weeks. As the VP of Cryptocurrencies at Trading Technologies and an avid cryptocurrency participant, I’ve been thinking about the same from a trader’s perspective.  

As a prop firm owner and high-volume trader for multiple years in the 2000s, I was not afraid to take risks, test new automated or quantitative strategies, and trade in products down the road less travelled. I made markets in the back month ten-year note options pit in the 90s and actively traded all 40 futures months in the Eurodollar curve ten years later. I always believed that most of what you learned in this business you only learned one way, and that was by investing in the process as if you were paying a tuition to learn.

If I was still running that prop firm, here’s a brain dump of what I’d be thinking about right now, fast-money-bullet-point style!

  • The window of opportunity is closing a bit every day; vacation times should be limited.  

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