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Can anyone offer a cliffsnote version of this guru's mumbling (other than "No shit, sherlock!")?

When I started trading some 30 years ago, the first thing that they drilled into my head was "NEVER EVER GET MARRIED TO A POSITION": Whether that is a stock, options, futures, forex (or crypto, which wasn't around then)...or whether you're long or short...don't get too attached.

This might be better. Backtesting – Is Zipline Dead? Or does it just need a reload? Posted by: Andreas Clenow https://www.followingthetrend.com/2021/12/backtesting-is-zipline-dead-or-does-it-just-need-a-reload/

Man, I ain't so sure about that lower channel line able to hold up going forward. Comparing it to the Nasdaq-100, you can already see some major problem. While NDX broke above the previous support line, BTC didn't even come close. And the slope line for the recent rally is soooooo much flatter...

Personally, I don't give a hoot about reading exposés or memoirs, but since this book deals with Steve Cohen (oh, that Steve Cohen), why not? And speaking of memoir, this one seems interesting after watching "WeCrashed".

Well, GCT went up 250% today. (If they buckled the market trend, it must be "beta", right?)

So the important question ain't how much did you make or lose, but what did you do to make or lose all that. And this, of course, can only come with many years of experience. Not exactly something that can be neatly disseminated by books or mentors.

Short 4233 ST 4241

“Blessed are the poor in spirit, for theirs is the kingdom of heaven. Blessed are those who mourn, for they will be comforted. Blessed are the meek, for they will inherit the earth..." Still applicable to this day. :thumbsup:

Out 4222 +71 :finger:

The thing is that the bond and gold used to be considered as safe havens. That no longer applies these days. According to the intermarket analysis, when market A goes up or down, market B would react accordingly. But that whole intermarket dynamics broke down in the last 10 years.

When the shit hits the fan and the stock market tanks, you're suppose to get out of the trade. Other than that, I suggest you look into hedging your bet with options.

Well, as you can see, even ZN seems to follow the QQQ (since 2021).

But what's the point? They'll practically cancel each other out, no? You might as well just park your cash in T-bills and collect interest.

One thing that irks me is that the we didn't break below yesterday's low. So we're technically not out of the wood yet. If we can just nudge below that point, we'll see a good selloff due to stops.

Short 4293 SL 4306

But...but...when was the last time we hear about crypto being used other than a "get-rich-quick scheme"?

Prolly nothing :finger:

What the heck does this mean???

But the question is who exactly was behind all the hype that led to the pumping of the stock? Was it the investment bank or the wallstreetbets? By the same token, who was hyping when it came to trashing the stock by 90%? If you ask me, it was all orchestrated from the beginning.