EPTI wonder if they’re just doing this to appeal to an audience. Maybe it would be better if there were closed sessions. The current recorded sessions are so theatrical and nonsensical that they only make sense if you assume it is a performance for an audience composed entirely of idiots.
Trading/Investing Thread - Page 90
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KwarK
United States43960 Posts
I wonder if they’re just doing this to appeal to an audience. Maybe it would be better if there were closed sessions. The current recorded sessions are so theatrical and nonsensical that they only make sense if you assume it is a performance for an audience composed entirely of idiots. | ||
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Simberto
Germany11813 Posts
On December 01 2021 02:22 KwarK wrote: I had the misfortune of clicking on your live link and seeing some idiot Republican explain that hiring IRS agents to collect the taxes owed is an expansion of big government and an undue burden on small businesses. His issue isn’t with the taxes, it’s the collection of them from tax cheats. He’d much rather honest people pay all the taxes and cheats pay none. It’s also not clear why he was bitching about this to Jerome Powell who has no involvement with any of that. I wonder if they’re just doing this to appeal to an audience. Maybe it would be better if there were closed sessions. The current recorded sessions are so theatrical and nonsensical that they only make sense if you assume it is a performance for an audience composed entirely of idiots. Not paying the IRS is a policy that appeals to idiots, but actually benefits billionaire donors. It is the perfect republican policy. Idiots dislike the IRS because they are paying taxes to the IRS, and they don't like paying taxes. They think that hiring fewer people for the IRS will somehow translate into them having to pay fewer taxes because reasons. They might also fear that a better funded IRS will discover their amazingly smart tax plan that semi-legally saves them 50 bucks in taxes by declaring their spare bedroom as a working space or whatever. However, what it actually does it make it so the IRS cannot pursue the more complicated tax evasion schemes of the superrich, who can also afford a lot of lawyers to fight back. Which ultimately means that the idiots will have to pay more, or get fewer services from the state. | ||
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Emnjay808
United States10665 Posts
$PG is my only position green today lol | ||
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{CC}StealthBlue
United States41117 Posts
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LegalLord
United States13779 Posts
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BrTarolg
United Kingdom3574 Posts
If anyone is interested, i did a rundown of (current) portfolio. Numbers and positions change all the time, i generally have reflexive thesis so i average in/hold very aggressively on my winning positions Trading, and especially defi+crypto, has been a huge blessing for me. All those hours of scalping WoW auction houses has not gone to waste lol. The number of people that i've seen go from literally nothing to infinite money since defi summer kicked off is absolutely astounding, a huge amount of wealth has been generated and deposited into the hands of a few (slightly autistic lol) internet anons | ||
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{CC}StealthBlue
United States41117 Posts
Apple Inc., suffering from a global supply crunch, is now confronting a different problem: slowing demand. The company has told its component suppliers that demand for the iPhone 13 lineup has weakened, people familiar with the matter said, signaling that some consumers have decided against trying to get the hard-to-find item, Bloomberg News reports. Already, Apple had cut its iPhone 13 production goal for this year by as many as 10 million units, down from a target of 90 million, because of a lack of parts, Bloomberg News reported. But the hope was to make up much of that shortfall next year, when supply is expected to improve. The company is now informing its vendors that those orders may not materialize, according to the people, who asked not to be identified because the discussions are private. Source | ||
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LennX
4568 Posts
Sea of red. The real Black Friday sales was actually on today... | ||
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Emnjay808
United States10665 Posts
$NIO is also a good buy if ur looking for something long. Edit: not financial advice | ||
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{CC}StealthBlue
United States41117 Posts
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Mohdoo
United States15743 Posts
On December 04 2021 04:09 Emnjay808 wrote: $AMC is looking good to get into. Exited my position months earlier this year with amazing gains (technically it was a pump n dump). Looking to get back in. $NIO is also a good buy if ur looking for something long. Edit: not financial advice Is there a reason people include this not financial advice thing? What does this do? | ||
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Emnjay808
United States10665 Posts
Also I think TL has a terms of agreement (or w/e u call it) that covers this when you make an account *shrug. I just do it for redundancies sake. | ||
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datscilly
United States529 Posts
On December 02 2021 11:30 BrTarolg wrote: https://tarolg.medium.com/portfolio-thesis-stuff-7aabdabbb2d5 If anyone is interested, i did a rundown of (current) portfolio. Numbers and positions change all the time, i generally have reflexive thesis so i average in/hold very aggressively on my winning positions Trading, and especially defi+crypto, has been a huge blessing for me. All those hours of scalping WoW auction houses has not gone to waste lol. The number of people that i've seen go from literally nothing to infinite money since defi summer kicked off is absolutely astounding, a huge amount of wealth has been generated and deposited into the hands of a few (slightly autistic lol) internet anons I agree with your point about holding BTC and ETH, and how there's a huge skill gap between that simple strategy and the level needed to start making money from trading. I didn't find the second part where you listed off ****coins that helpful, because for me I need a much deeper understanding of the mechanics and ecosystem before I start putting money in it. Some general questions I have about trading are: what are some heuristics you lean on when buying/selling/timing the buys and sells? How much of your performance is due to the bull market?, that is specifically, is it easy to outperform holding the big cryptos in a bull market? and, what do you expect your performance to be in a bear market? Feel free to pass on some of the questions. Then, about defi: what do you think of yield farming/earning fees through liquidity providing? Then I wanted to ask about terra/luna here because I've had trouble understanding the 20% aUST APY, but your blogpost doesn't mention terra/luna. Lastly, I don't have a question on stablecoins but would like to comment on them. The total market cap for stablecoins could be a useful metric to look at because they represent digitalized dollars that are more easily converted into other crypto assets. Personally I've been interested in strategies that generate a return using stablecoins. I guess for a trader they're just another tool. | ||
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Simberto
Germany11813 Posts
On December 04 2021 05:52 Mohdoo wrote: Is there a reason people include this not financial advice thing? What does this do? Isn't that just american lawyery stuff where you need disclaimers for everything, because stupid people without any common sense will sue you for stupid amounts of money if you do not have them? I still distinctly remember a glass door when i visited the US. It was so plastered with "careful, glass door, do not run into it!" signs that you could no longer look through the glass door. Also the stories of people sueing McDonalds after dropping hot coffee in their own lap. This stuff seems to be core to the american "justice" system, so people try to protect themselves from it with disclaimers. Which makes everything annoying and hard to read. | ||
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Blitzkrieg0
United States13132 Posts
On December 04 2021 06:28 Simberto wrote: Isn't that just american lawyery stuff where you need disclaimers for everything, because stupid people without any common sense will sue you for stupid amounts of money if you do not have them? I still distinctly remember a glass door when i visited the US. It was so plastered with "careful, glass door, do not run into it!" signs that you could no longer look through the glass door. Also the stories of people sueing McDonalds after dropping hot coffee in their own lap. This stuff seems to be core to the american "justice" system, so people try to protect themselves from it with disclaimers. Which makes everything annoying and hard to read. McDonald's Coffee story is a lesson in the power of corporate propaganda. McDonalds coffee was heated to 180 degrees so that it would be hot 5-10 minutes after you left the drive through. The woman who dropped her coffee had her labia fused from the heat and originally only asked McDonald's to pay for her medical bills. McDonalds refused and she ended up getting a huge settlement for their negligence. You'll see people parroting McDonald's propaganda about how Americans are sue happy and too dumb to realize that coffee is hot to this day. They aren't and this disinformation is intentional so that McDonald's could avoid paying out. | ||
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BrTarolg
United Kingdom3574 Posts
On December 04 2021 06:15 datscilly wrote: I agree with your point about holding BTC and ETH, and how there's a huge skill gap between that simple strategy and the level needed to start making money from trading. I didn't find the second part where you listed off ****coins that helpful, because for me I need a much deeper understanding of the mechanics and ecosystem before I start putting money in it. Some general questions I have about trading are: what are some heuristics you lean on when buying/selling/timing the buys and sells? How much of your performance is due to the bull market?, that is specifically, is it easy to outperform holding the big cryptos in a bull market? and, what do you expect your performance to be in a bear market? Feel free to pass on some of the questions. Then, about defi: what do you think of yield farming/earning fees through liquidity providing? Then I wanted to ask about terra/luna here because I've had trouble understanding the 20% aUST APY, but your blogpost doesn't mention terra/luna. Lastly, I don't have a question on stablecoins but would like to comment on them. The total market cap for stablecoins could be a useful metric to look at because they represent digitalized dollars that are more easily converted into other crypto assets. Personally I've been interested in strategies that generate a return using stablecoins. I guess for a trader they're just another tool. yes precisely, you can copy my portfolio and it's very likely you'll just massively underperform whatever i did. Copytrading is basically a losing strategy overall unless you're privy to the entire process In answers to your questions- Heuristics - i always have thesis (hypothesis of my edge) and that's what leads me to make decisions. This isnt usually timing, but example timing related thesis might be something like "a huge cascade of liquidiations forced long traders to capitulate at prices they didn't want to sell, so this is a good timing to buy". Performance due to bull - a lot of it. Duh if you're in crypto you're here because it's the best performing asset in the history of mankind Is it easy to outperform - it's relative, but basically just be in the top 10% of market participants every time and you'll be OK. Right now the market is very "soft" - a lot of clueless participants (including clueless big money lol) so it's easier to be in the high%'s Idk about performance in the bear market. I obviously intend to at least perform as well as holding btc/eth. That's the only benchmark I care about. Yield farming - I made a lot of money doing this, especially some of the more degen ones. However the game has been mostly figured out, and the edges getting smaller quickly, so whilst I do still farm and it's a source of edge, most of my ROI comes from other places now. Terra/luna. Haven't used it enough to have an opinion. Believe it or not it's hard to keep up with everything going on at once. I understand the mechanics behind the whole thing though stablecoins - there's a lot of boomers with a ton of dollar leverage that i'm sure will eat up large parts of the market in the hunt for yield, but yeah ultimately there's big demand for them | ||
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3FFA
United States3931 Posts
And the companion channel: https://www.youtube.com/c/BenFelixCSI Lots of empirical research is broken down here: https://alphaarchitect.com/blog/ If someone prefers a Book I'd recommend Larry Swedroe's books for starting out in learning the academic perspective. Please do dive into learning what the academic literature says rather than just what random people on the internet alone say. It will save you from many common mistakes! | ||
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LennX
4568 Posts
On December 04 2021 12:45 3FFA wrote: Just noticed this topic now.. uhm... I would highly recommend this channel to anyone seriously interested in investing. I see a lot of traditional biases, mistakes, etc. even just looking over the last page of posts in this thread alone. Substantiate your points instead of being "general" Anyone can say buy low, sell high and be more informational than your post | ||
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BrTarolg
United Kingdom3574 Posts
that's why market wizards is always given to new traders There's definitely a bunch of information which could be written down in a book (working on it!) that is universal for trading (betsizing, auction theory, thesis, reflexivity, supply demand, liquidity, efficiency etc.etc.etc.) Though if i had to be honest, i know of about 0 channels which cover this stuff well, and i'd like to think i've seen a lot of it. I mostly just pieced it all together from other sources, almost exclusively from other high outperforming traders/investors Other than that, you just have to do and get results. Academics are mostly bunk to me, credentials mean nothing in trading. If they were good enough to beat the market, they would be doing it (shoutout to Jim Simons) | ||
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Simberto
Germany11813 Posts
On December 04 2021 06:50 Blitzkrieg0 wrote: McDonald's Coffee story is a lesson in the power of corporate propaganda. McDonalds coffee was heated to 180 degrees so that it would be hot 5-10 minutes after you left the drive through. The woman who dropped her coffee had her labia fused from the heat and originally only asked McDonald's to pay for her medical bills. McDonalds refused and she ended up getting a huge settlement for their negligence. You'll see people parroting McDonald's propaganda about how Americans are sue happy and too dumb to realize that coffee is hot to this day. They aren't and this disinformation is intentional so that McDonald's could avoid paying out. Okay, i am confused here. Google tells me that 180°F is about 83°C, which is a perfectly normal temperature for a beverage made by boiling water? Do you not make tea in the US? When i make tea, i heat the water in a water cooker until it boils, which means it is at nearly 100°C (212°F!) when i pour it in the can. 2 minutes later in an isolating can, the tea is done and almost certainly still at a temperature of 80°C or more. Coffee is also made by boiling water, so why is 83°C too hot? That is absolutely i temperature i would expect my coffee to have. I assume you did not mean 180°C, because you would need some serious pressure to get water (or coffee) to that temperature. And of course, the paying medical bills thing is another uniquely american thing. | ||
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