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To be honest, if this was such good news, I expected PEPE to have a better reaction. But looking at the past few days, its flat.

Oh... just as I asked.. here are the stats! Interesting that the average winner is smaller than the average loser. What accounts for the difference between win rates here at about 72% and 71% for longs and shorts vs. the previous metric of 90%?

You will get there! Essentially, I think the PnL would be half way between the solid green line and the dashed green line since the fees on the full contract are essentially half of the equivalent number of micro contracts. I'm thoroughly impressed with your stats. It is a shame you can't...

Since you are trading the micros, if your account was bigger and hence could trade the full ES or NQ contract, would your profits increase nicely because of the better fee structure of the full contract? For MNQ right now, you need even more than 2 ticks profit to cover the commissions, which...

Excellent point. Yes, I didn't consider this at all and this explains it. On a tangent, its interesting to think how the US is kind of acting like Luna now. With the high interest rates it has to pay, it caused its own bank crisis. So technically, the FED is like Luna and not Tether...

Imagine the huge cushion they build when BTC does a 10x from here. Of course with such a small percentage of holdings, it won't matter much, but still. This is the argument that Greg Foss and others make all the time. Even if you don't really believe in bitcoin too much, taking just a few...

Its actually interesting because I watched a podcast that argued for the exact opposite strategy. You are of course not wrong on the interest expense calculation, but in the podcast, they said the only option is to let inflation run really hot for a few years at double digits. If we can manage...

To be honest though, this doesn't inspire a lot of confidence in me. Luna did this after all, then they sold all bitcoin, and still it crashed as they couldn't defend the peg. Now if bitcoin never drops below their average acquisition price, then good for them, but if we go down again, its...

You and schizo both make excellent points. The buyers and sellers both need eachother. But I think when we extrapolate out, one side is providing a product that requires lots of input costs, while the other side supplies the ever expanding money supply that is easy to multiply, unlike the real...

I don't see it this way. Because the US is a net importer, they rely on others taking the little pieces of green paper. Imagine how much worse the standard of living would be if everything started to cost more because the value of the dollar goes down.

Marriage kind of works like this. At first it seems like your wife has you by the balls because after being stupid and exchanging wedding vows, you promised not to cheat. So she controls all your options for sex. But of course some guys learn to cheat without remorse, or other guys struggle...

The fed is supposed to keep prices stable and promote full employment. Those are their two mandates, and they fail horribly. You want to give them more tasks?? It was even suggested that they are taking on climate change. Jesus, what dumb idea. Honestly, giving them the power to set...

Honestly, I would love this. Bring it all the way down to 10k. I know I'm throwing more money at bitcoin, so a 10k price allows me to buy more sats. Since I expect market chaos sometime in the next few months, and since bitcoin is still heavily tied to equities, I do expect price to come...

I have recently started following this guy as well. I think its good to be exposed to the other viewpoints as well. Its interesting to me that the government is selling. They clearly don't need the money since they can just print it, so holding on to this many coins, which I think is more...

I tracked his trades called out in real time for several weeks just before this recent hibernation, and can also vouch for his real time calls. I have also read his book and some of the essays that he has posted on his website. His deep analysis of why traders lose was excellent, and his...

And on the flip side, the risk is just time wasted and maybe a few dollars wasted on camera and light. But with trading, the downside is pretty severe.

Makes a lot of sense... thanks for the write-up.

What was bad about Mark Douglas?

This is an excellent summary. I too was listening in on him for a few weeks after someone here at ET suggested it. As you say, his study of psychology is top notch. The extensive analysis of pain in trading is so real, and the pain of a winning trade is actually more pronounced than the pain...

Excellent. Thanks very much for the detailed reply!