Recent content by QuasWexExort

When you cook the books like Karen the Superfraudster, never marking unrealised losses yes.

You don't go into prop firm as a trader for a stable regular income.

Hmm I am in Oceania though and connect to HK servers too.

Seems like just you fortunately (well unfortunately for you, but fortunate that it's not a system wide thing)

Cool, thank you.

Sorry I am newbie still learning. I will try to improve.

You have no idea how banks operates. A business loan can be obtained by most everyday people - the banks have no say how you operate the business or step in to deal with risk. A car loan is given out mostly without question to everyday people - a 99% depreciating asset. All banks have stakes...

Like every investment bank ? No one/bank makes winning bets/loans 100% of the time. This instance the loss is simply bigger than expected, that's all.

Indices have been fantastic scalping markets with the rise volatility.

Any company that charges a few grand for courses to the public are not serious prop firms.

How many years of track record do you have ? You only mentioned this year. You will require a few years especially for a swing trading approach. 5% peak to valley max draw down on high 2 digits return for a few years on a scalable strategy I'm sure you can find something that will back you. I...

You do not know what a hedge is. You have no idea how option pricing works. He did not convert 1M of BTC to 1M of calls. He had more BTC and converted that to 1M of calls. Whether that was 5m or 10m we don't know. He would've lost way more by keeping the BTC. Thank you for putting me ignore I...

1. He sold BTC longs and replaced them with calls, how hard is that to understand ? You're too dense to understand. 2. Nop he saved money. He didn't make money from the fall that's the only part anyone can fault him but he reduced his losses. You obviously do not understand options as they are...

1. It is a hedge. Look up the definition. "a way of protecting oneself against financial loss or other adverse circumstances." By closing longs and converting to calls at a lower cost he protected part and lowered his loss. 2. Maybe you are the better trader who can call every move, but this...

No, closing the BTC and using a smaller portion of the profits to buy calls is a partial hedge. He locked in profits. You are using hindsight to calculate the scenarios that would've been better. He obviously did not make the perfect trade which was closing all longs and shorting it. At the...