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  1. M

    An Attempt to Learn How to Trade Consistently and Profitably

    @attempt This is what a Senior Trader wants to see from his Junior. It doesn't really matter how well you've traded since you're still at the very beginning. However, the fact that you write down your daily journal everyday is something that's gonna be huge for you someday. Also, don't...
  2. M

    Time to invest in gold... if so what vehicle?

    Does this look like a good hedge against inflation?
  3. M

    To scale out or not to scale out,

    Scaling out or not is the wrong question. Managing positions should be part of your trading plan because there is zero difference in expected value of scaling out or not over the long run. IF your trading plan says you are trying to establish a core position and it should be traded around that...
  4. M

    To scale out or not to scale out,

    That's the wrong question You have to look at your position as if you just opened it. Then ask yourself the question: "Can I win more here?" If so, you stay or add. If not, you just close. When you're not sure, you've got no trading plan. Edge is not something you have when you enter a trade...
  5. M

    An Attempt to Learn How to Trade Consistently and Profitably

    Glad it was helpful, but listen: You're so at the very beginning, you probably looking at 1% of all the stuff you gotta know. Don't get frustrated and truck along. You won't be making money for a very long time, just be ok with it and stay hungry
  6. M

    An Attempt to Learn How to Trade Consistently and Profitably

    I did not say one year till profitable...5 years is more realistic. However, when you journal everyday your progress speeds up tremenduously, because you're not making the same mistakes again and again and - in fact - you will stumble uppon one or two setups that really make sense to...
  7. M

    An Attempt to Learn How to Trade Consistently and Profitably

    you just want to look at how high the 25d put IV is and compare that to the IV of the 25d call
  8. M

    An Attempt to Learn How to Trade Consistently and Profitably

    You have to learn the product you trade inside out. The reason why people trade it, how they trade it and who trades it. That's why I'd never trade stuff like the S&P, crude or FX, because literally everyone has their fingers in it which makes the product very complex. The S&P is the worlds...
  9. M

    An Attempt to Learn How to Trade Consistently and Profitably

    Ok, cash account makes sense, so it's mostly long only, right? 5.) https://www.etf.com/etf-education-center/etf-basics/what-is-the-creationredemption-mechanism?nopaging=1 Keeping an eye on premium/discount to NAV gives you insight into the authorised participants actions. Second, the ES basis...
  10. M

    An Attempt to Learn How to Trade Consistently and Profitably

    Look dude, everyone has to start somewhere and I understand that the SPY is your thing because you find so much information about it. You have to understand, though, that chances of making money with your setup are close to zero since you pay retail commission, you don't have the full orderbook...
  11. M

    An Attempt to Learn How to Trade Consistently and Profitably

    First of all: There are only three ways to make money: you're faster, you're smarter or you cheat. Cheating and being faster is out of the question, so being smarter is the only thing you've working for you. This leads to the following: - STOP TRADING GIANT LIQUID MARKETS! Why on earth would...
  12. M

    what is the difference between trading bitcoin and trading bitcoin ETFs?

    @Baron can you move/delete thread pls? Umptenth discussion by the same monkeys about BTC leading nowhere
  13. M

    Crypto news

    Oh my...BAKKT is so behind. It's insanely hard to onboard so it's a ghost town. Now ofc they pull out ye ole SPAC deal, I doubt anyone will care. I mean, they close down shop on Friday 18:00...WTF? BAKKT to the drawing board.
  14. M

    Best Bitcoin proxy to trade: MSTR

    best proxy to play BTC is CME BTC futures, period. GBTC is only good for acredited investors who can get their shares at NAV.
  15. M

    U.K. Regulator Warns Crypto Investors Risk Losing ‘All Their Money’

    I know there was a lot of hype created in the show "Numbers" but it's effect on cryptography that relies on primes is exaggerated. 1. You could just asume it's true and start cracking code-> could already be happening. Doesn't...welp.. So proving it won't add any practical techniques but will...
  16. M

    U.K. Regulator Warns Crypto Investors Risk Losing ‘All Their Money’

    You don't even try? Seriously? I guess you're not even capable of a discussion based on solid facts? By the way, the token as you say is the entrance to a network that allows you to transfer value without a third party. I would say that that is more than doing nothing.
  17. M

    U.K. Regulator Warns Crypto Investors Risk Losing ‘All Their Money’

    Lol, what the hell? Is the castle in the air you guys base your theories on really so difficult that you cannot explain it in a few sentences. John Law did not invent a currency, he invented bearer money...big difference
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