Search results

Exactly, but how possible is it to do it now with way more money on the line. Even if the ES can handle your order going from 2 contracts to 10, the question is if you can handle it psychologically. The trick with these types of trades if you gotta keep taking them. But the psychological loss...

Thank-you for providing some more details about your claims. What I have seen over and over again is that many traders are able to grow an account such as you have, but the question is, can you do a 1000% gain again with a 60k starting balance? It gets much harder when more money is on the...

It does suck that bitcoin futures are giving lots of traders exposure to the bitcoin price without having to buy it, but we are clearly seeing how many people are taking bitcoin off exchange and going into cold storage. The fact that you can verify these imbalances is something you were never...

The best part is that even @deaddog will get on board too because he is waiting for it to start trending, which isn't really so bad of a strategy. @RedDuke might not get in if it doesn't go low enough, and I doubt he will chase. A guy I really like on Youtube, CTO Larrson, also is waiting to...

The fact that monetary policy can exist outside the world of rationality is simply amazing. When it comes to food, it has to be in the real world. You can use fractional reserve banking principles for food. You only have as much as you harvest. With housing, you only have as much as you...

I'm happy with lending, but not when a central authority manages the rates and can print at will. Rates should be set by the market based on what they are willing to lose in case of default. With government essentially backstopping mortgages, no wonder RE went to the moon. Let's see the banks...

Yes, not that long ago, people needed 50% downpayment for a house. There were no credit cards. You left home when you saved up enough money to move out. The world works just fine on savings. It's of course more difficult to become a billionaire, but it's something that the world can do without.

So essentially what this means is that the lending business is a crap business. So perhaps we should get away from a debt based system where we force everyone to take out loans and be a debt slave their whole life. Hmmm.... isn't this pro bitcoin??

I do like this if this is in fact the typical way you do it. Its something that easy to test and easy to follow. It clearly won't work all the time, but I like that its an objective and repeatable way to draw a trendline.

Beautiful trendline, but shit, it only works in hindsight because you used the swing points that you needed to in order to make it work. (not blaming you of course) If I'm to draw in a bunch of others that are logical, it clearly doesn't work nearly as well. Only the red one, as you draw...

I'm not sure if its because everyone suspected this would happen, but the affect on the price of bitcoin has been almost non-existent. Now clearly there is the big issue of the GBTC and some 600k bitcoins that would have to be sold if things go very bad (John of course understand the issue much...

Agreed, but with NQ having just poked 11600, and a series of higher highs on the 1 minute clearly visible for both ES and NQ, it was a solid attempt at trend reversal.

It is an interesting observation and just proves the grand scale of theft by governments and central banks. In a country that is considered mostly poor, if you have a very small class of super rich individuals, its only because of theft and corruption. How else could you concentrate all that...

Except right when you posted and it went up 6 points for 15 minutes! LOL

I do agree with this. As unlikely as this scenario is, bitcoin requires that is it broadly accepted and used. But this very same thing can be said about money or gold. If someone had every dollar bill, people would just barter what they need. Money and gold only have value because they are...

I think this is an interesting way to answer the question. Being profitable or not should not affect the survivability of a bank run. Its only a matter of liquidity. If customer assets truly are separate, then each customer should be able to withdraw every bitcoin, every ETH coin and all...

Good memory. I think with precious metals, the problem is that they are highly manipulated. Too much of paper gold and paper silver. Its not much different actually than what just happened at FTX. 80k bitcoins were on the books that customers supposedly had, and yet FTX owned only about 1...

Out of curiosity, why do you think a trader with an edge needs money? Why not just start trading the micro ES or micro NQ and work your way up? If you truly are profitable, couldn't you build your own account organically? I just don't know how someone who can trade a 50k account (that he is...

Hey john, what do you make of these posts from Mike Alfred... Do you think anything is going on with Binance?

You keep asking what bitcoin is worth, and I'm asking you what is a stock of a company worth. Is Tesla worth $182 per share given it has a PE ratio of 56? It doesn't matter what you or I think, all that matters is someone is willing to buy and sell at $182. Once the theory turns into...