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I don’t have a problem with bitcoin. I never said I did. I don’t understand it. I have a problem with users who act like they understand and see this vision but then demonstrate below average logic. See the thread between me and the crypto bro. He couldn’t wait to talk about how awesome Bitcoin...

I mean the hedge funds, quant funds, retail day traders, etc. I completely agree a strong financial market is essential for a strong economy and society. but have hedge funds, Day traders and the like really made the financial market stronger? I think your logic is flawed. 99percent of the...

that is true. i think the quote is from the 70's when a billion meant something.

Are you saying you have a mental disability? Because you are certainly acting like it. Reread the posts by me and you... if you can't see your logical gap, perhaps the kid was laughing with you.

Well written post, but interestingly you picked two fraudsters in your example. What does that say about the industry?

the majority of retail traders are momentum which means they are sucking up liquidity and not providing it. In the commodities space they add volatility to input products which creates inefficiencies in the real economy. I would argue that the active trading community as a whole is a net...

The number of retail traders who create generational wealth (call it 50mm or more) strictly by trading must number less than 100 in America.

It only traded above in the last minute. So your counterparty likely took the hedge off and if they exercised would carry a delta position into Monday.

ha. Because your brain is so simple, I’ll rehash it for you. someone (not you) talks about Amazon I respond to that post. You respond with some drivel about every company performing as well. I say that’s not true. You never refute this, but reply with some inanity about bitcoin. yeah…. That’s...

the old phrase: If I lose a million dollars, I am lost. If I lose a billion dollars, the banks are lost. The derivs trade combined with the purchase of Burlington Southern hurt buffet a lot. But it shows the depth of the crisis… and the leverage as people were trying to goose returns.

it would be pretty funny if Bitcoin turned into the debacle that the housing market was.

That’s an odd post. You seem so triggered that you might have mistaken me for someone else. the problem with the retail crypto people is that they are angry and dumb, but they think they are enlightened and smart. Talk to the guys I talk to about crypto. If you don’t know who the sucker is...

i agree with this quote and that's why I left wall street. Trading is a horrible career in my opinion. It's better suited as an activity or a hobby. The same is true with consulting and investment banking. While I still trade on the side, my day job employees 300 people and produces goods...

Yesterday was Russell rebalancing. It can cause big swings. Couple that with a asset rebalancings and you could have a very volatile close (with the market makers trying to exploit these flows). It happens all the time.

This crypto sell off must be hurting you bigly, buddy. Your posts don’t even make sense. Take a deep breath. It’s not even money you are losing. Just some digital funny money like you get at the strip club.

totally different example. The closest would be refco or the corzine firm. But even those are different as the losses were perpetrated by the company and not some random hacker who is finding all the insecurities in this new awesome defi system.

I didn’t make a comment nor a comparison about bitcoin, buddy. are you triggered, buddy? Is your lambo about to be repossessed, buddy?

most companies didn’t increase their revenues 10x in a 10 year span, buddy. especially major retailers.

actually Amazon really took off after the financial crisis. Their revenues went up 10x and they figured out the cloud (which would be a fortune 50 company on it’s own)

Gm is out no money. They got an 11percebt stake for offering manufacturing services (which they will likely never have to deliver on)