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    How to value Bitcoin

    Just curious what had happened to the 650K bitcoin stolen from Mt. Gox? Mt. Gox - Wikipedia
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    Recommend Trading Book

    But only experience traders can "grasp" this book. You can find some classic trading books from Archive.org. 1. The ABC of Stock Speculation by S. A. Nelson https://archive.org/details/abcofstockspecul00nelsiala 2. Reminiscences of a Stock Operator...
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    Cryptocurrency vs tulip

    Please let me take a stab at it. :sneaky: I think it's some form of social equalization. :cool: Roosevelt wanted to those butts sitting on a pile of gold and started working for money. :D Anyway, I could be wrong. Right or wrong... only time will reveal the truth. :)
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    Cryptocurrency vs tulip

    Executive Order 6102 took out gold in 1933. Unless, the internet can run without an IP address, otherwise it may suffer the same fate.
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    Cryptocurrency vs tulip

    When big investment banks started to unwind positions and it linked to Archegos.
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    Cryptocurrency vs tulip

    When we look at the stock charts for VIAC and DISCA, they really look nice. :cool: Too bad, the public didn't jump on the bandwagon and take it further. The market manipulator is exposed. Possible that there were some strong hands behind the tulip market before it collapsed? People used to say...
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    Advice for all the noobs who want to be a full time trader...

    If a person has built a nest egg of $1M, he or she is frugal / wise enough not to plonk everything into stock.
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    Schwab deposits $1.2 million into a customer's account by mistake...

    You mean she can keep it if it's bitcoin? No way of getting back ? Don't all blockchain activities are traceable ? I did google and bitcoin is traceable. Then why is millions stolen ?:confused:
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    Schwab deposits $1.2 million into a customer's account by mistake...

    She probably regretted her action. But Schwab is a "prestigious" financial institution and having such lax internal control on fund transfer? Isn't Schwab partly to blame for this episode?
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    Advice for all the noobs who want to be a full time trader...

    Start with a big nest egg. It will help relieve psychological pressure on daily expenses and protecting trading capital. A person trade with a $1M nest egg is more at ease than $10K.
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    I have an idea. How can I implement it?

    Backtest and system is like head and tail of a coin. If there is no system then it's not a real backtest.
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    Laptop goes to sleep and has to be restarted

    Try do Windows update.
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    Trend concept is now history.

    Take any simple moving average and scan for the number of days that a stock stay above the moving average. Plot the number of observation in days. This distribution curve can be fitted with C/(x^1.5) curve. You can see the half-life is very short. If nothing happen, we do see nice trend. We...
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    Risk management mistakes associated with Bill Hwang's blow-up

    Whenever something blew up, Goldman is in the neighborhood. Well, this is just another coincidence. The market is not really free but of movers and shakers.
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    Which is the best youtube channel you recommend?

    There is none in particular but some classic works are on youtube. Order is of no importance as it come to mind as I am typing. 1. Linda Raschke - technical analysis, Classic Indicators 2. Jack Schwager - Winning Methods of the Market Wizards 3. Mark Douglas - Trading psychology, Trading in the...
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    Stocks do well or poorly in the future because....

    The market is made up of.... 1. Investors 2. Traders 3. Speculators 4. Manipulators :( 5. Snake oil sellers :wtf: 6. Shortists :sneaky: 7. Management... folks who want to get out before shit hits the fan. :sneaky: 8. Last but not least... teachers. Folks want to teach those bad guys a lesson...
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    The Last Dance - my last attempt trading journal

    There is no easy answer on how to be successful in the financial market. First off, go watch The Winning Method of Market Wizards by Jack Schwager on youtube. There is no one method to be successful. The key to having a trading journal is the ability to go back and review each trade and learn...
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    INTC seems overbought and overvalued and under pressure

    This article from Adnantech says it all. It's an epic struggle. https://www.anandtech.com/show/16535/intel-core-i7-11700k-review-blasting-off-with-rocket-lake/19 TLDR; Go straight to page 12...
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    video games and trading

    What have limited neurons in our brain. We can't have everything either best in trading or best in game. Maybe gaming for unwinding the mind and come up better trading strategy later.
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    Investment in telecommunication companies?

    Telcos peaked during the 3G hype. They died during the 3G roll out.
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