CoinbaseCoinbase Global, Inc.BATS:COINTSuthLast week, on Friday, I re-entered my position on the long side of COIN. I bought 40 shares @ an average price of $301. Looking at the extended hours trading tonight, price is currently changing hands for $333.50/share. This means in my little position, I am up $1300 on a trade I was risking $200 for. I am always very picky with my trades, and it is for this reason. I don't need to trade every move the market makes. I only need to trade the high risk/reward ones. Things could change by the time market opens tomorrow, but as of now, I am already up almost 30% this year. That is by only making a handful of trades in only half of the year. As I constantly stress, patience is key in this game. Imagine 30% profits year-over-year. This is generational wealth when done for long enough. That is taking a $40k account to about $105 million in 30 years. If done for 40 years that equates to $5.2 BILLION. Do you have the patience to make 30% per year for 40 years? My analysis currently suggests we are on the way up to the next target box that goes from $386-$422. This is the 0.618-0.854 of the minor A wave. The box is where I intend on exiting this position. If I can manage to hold onto these shares, and if price makes it to the target box, I am looking at a profit of about $3500 or 29%. Minor A wave took about two weeks to complete. If minor B lasts for the same duration, we should conclude this move by the end of August. Don't forget, this is minor B wave according to my count, and thus, can last much longer and become very complex. Time will tell, for now though, I will concentrate on the upcoming week.