Recent content by FreeGoldRush

A small franchise almost never fails because someone sold you the recipe. So I guess it depends on the kind of business you are talking about. I'm thinking mostly tech startups.

Market cap is not the total amount paid for the stock. I think that's what you just figured out. Congratulations.

Yes, I've been profitable for years over thousands of trades. You have to approach this like a job. You have to be a scientist, engineer, investigator, etc. No one solves a mystery or invents something by buying just the right book that told them how. Learn about business, math and software...

They don't hold customer funds so they can't do what FTX did.

Doesn't that refer to the fed member banks? It's a cartel. And I don't mean that in some conspiracy theory sort of way. It literally meets the definition of a cartel. The Act made currency competition illegal in the US.

Yes, but they do lend it. FTX lent client assets. I get that FTX pushed their luck massively. A crypto exchange should hold all crypto in client accounts. And just hold it.

Well ok. I'm all ears. Tell me.

hmmm... you are correct. Very different. He pushed the envelope much further than your bank will.

I guess. It's like owning the family farm worth $10 million but being unable to make enough money to pay the taxes on it.

Displayed order. It's on the order book and available to anyone who subscribes to that order book. But as a retail trader you would only see it if it happens to be top of the order book. Then it'll be on your Level 2 display.

He did. No different than what your bank does with your money. But he totally mismanaged the liquidity requirements. Enough so that I think we can call him a child who was way in over his head.

To clarify: The 1 penny division is for Displayed Orders. It does not apply to none displayed orders such as a NASDAQ PEGMID.

Displayed orders. An order that is sitting on the NASDAQ order book and visible to anyone who subscribes to the NASDAQ order book.

FTX demonstrated the idiocy of handing your assets over to someone else for safe keeping. The blockchains are just fine. The only people losing are the ones that transferred their crypto out of their wallet to the exchanges and then left them there. It also appears FTX was not insolvent...

For lit liquidity. You can still do things at NASDAQ like PEGMID orders. This is why you see fractional pennies being traded on stocks over $1.