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  1. longshort

    SEC needs to shut down WSB and indict the instigators

    Ample opportunity for the SEC to act. Fits the letter of the law and its intention perfectly. It's all documented in the press how the Fed-enabled scum on Reddit conspired with the expressly stated goal to manufacture a short squeeze by excessively driving up the price of a specific stock...
  2. longshort

    For those who doubt Bitcoin potential as a payment currency, try this

    The electricity is just wasted and doesn't contribute to BTC's value because BTC itself is useless. Nobody needs it for anything, there's no end use. I could spend a month to type random characters into a text file (could be named coin.txt). Would you pay me a month of wages for it? GPUs have...
  3. longshort

    For those who doubt Bitcoin potential as a payment currency, try this

    False. You aren't using Bit"coin" to do jack. Bitrefill.com sells BTC to buy real currency (like USD or EUR), then buys the gift cards with real currency. Bit"coin" can't transfer or store value. What the Bit"coin" network really -- and only -- does is transferring BTC, a digital collectible...
  4. longshort

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

    If you say so. Seems you already moved your goalposts to the sky. It's not. Visa card is a claim on fiat money which pays taxes and legally discharges debt. A crypto token as in BTC etc. doesn't do anything.
  5. longshort

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

    Nobody needs the token that's transferred. It's a digital collectible that doesn't do anything. Buffett's test is to imagine exchanges being shut down and then irrespective of speculative trading prices, value what you have based on what it is and what's it worth in the real world. E.g. a stock...
  6. longshort

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

    Precious metals have real uses and fundametal value. Nobody can print metals. Fiat money at least pays taxes and legally discharges debt. Cryptos are intrinsically worthless. The mere act of referring to them as coins/currency means you've been conned. Cryptos are wasteful and useless digital...
  7. longshort

    Litecoin price should be at $10,000

    1. A kid in his twenties announcing various startup ideas on medium.com since 2016. Among his first ideas was: "Provably fair online gambling with zero fees and zero limitations, powered by Bitcoin"...
  8. longshort

    Litecoin price should be at $10,000

    Much of the confidence trick in cryptos is just in the naming. Listen to this: XYZ"coin" is a crypto"currency" stored in digital "wallets". Neither is true. It's not a coin, not a currency, doesn't pay taxes, isn't legal tender, isn't used as money in any significant capacity, and isn't stored...
  9. longshort

    Losses due to negative crude prices. Who's responsible?

    The relevant questions are: 1. Did AMP correctly report P&L when prices went negative? 2. Did AMP allow clients to submit orders at negative prices? 3. Did AMP properly handle orders when prices went negative? If the answer to any above or closely related question is no, then AMP may very well...
  10. longshort

    TradeStation Issues

    Up to a few dozen per day. Haven't had any issues with my PDF statements.
  11. longshort

    TradeStation Issues

    It's super easy to get Excel readable CSVs from clientcenter.tradestation.com > Accounts > Equities Accounts > Trades & Other Transactions. The OP hasn't done that but instead relies on the export function of another tool known to be inaccurate. That's no basis to allege something sinister is...
  12. longshort

    TradeStation Issues

    I'm sure TS does. I can get nicely formatted trades and other transactions as CSV files.
  13. longshort

    TradeStation Issues

    TM and TM Analysis both show only approximate fees/commissions. There's also an issue in TM Analysis where trades closed later in the day may be assigned to the next day/month. However, when you go to clientcenter.tradestation.com then Accounts > Equities Accounts > Statements and download your...
  14. longshort

    Meet the anti-crypto crowd

    Except that it's not. Some imaginary token is worth as much as its real world value. It doesn't do anything. Try filling a tooth cavity with it or plate some connectors and report back how it goes. Try hanging it around your neck and report back how you look like. It's not gold but fool's gold...
  15. longshort

    Meet the anti-crypto crowd

    I listened as you suggested, let's see what we got. 1. Sending value online and decentralized: Flawed premise because there's no value to begin with. 2. Decentralized applications and computing platforms: There's no such thing as set-and-forget eternal computing where even the developers can't...
  16. longshort

    Meet the anti-crypto crowd

    Months? Make that a single day. BTC more than halved from high of 03/13/20 (7977.84) to low of 03/14/20 (3867.09). In order to store value, an asset needs to have value. For example, gold is used in industry, aerospace, electronics, computers, dentistry, medicine, jewelry. Can be used today or...
  17. longshort

    Recommended brokers for scalping futures

    Tradovate is an introducing broker for Dorman and charges $0.09 per side clearing which is basically the same as commission, in addition to their $2,400 flat fee a year. At 2000 sides a month, this works out to $0.19 a side. At 10K sides a month, it's $0.11 for the broker. Exchange and NFA fees...
  18. longshort

    Some Bitcoin volatility statistics

    Characteristics of a log-normal distribution? You lose 38.8%, you make 52.8%. Now you're down 6.5% from start. Once you lose 90% (which BTC did several times, albeit not in a day) you need to make 900% just to break even. Both changes are equally likely and represent the same deviation: -1 *...
  19. longshort

    Can a broker intentionally not fill your orders?

    Is your trading style dependent on zero commission? At TradeStation, direct-routed equity orders are charged an additional $0.005 per share. To try this out, go to File > Preferences > TradeStation Order Entry > Equities and set the route to something other than intelligent. You could set it to...
  20. longshort

    Why Bitcon has value, an austrian school prespective

    No because for someone to sell BTC at $20K, another party needs to buy. The counterparty could have bought the material goods instead, all else being equal. Value wasn't extracted from BTC but siphoned from someone else. Real goods/services can only be created through production, anything else...
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