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    Talk me out of averaging up!

    Now the question is Do I average up again? If it keeps rising, might be worth pyramiding the sh!t out of this.
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    Talk me out of averaging up!

    I did.:)
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    Talk me out of averaging up!

    Got lucky: went long Oil futures (Sept CL) @ $74.62. (1 contract, I'm small fish). Next thing I know, off to the races, now $78.80 or so. So I'm thinking let's double up and put a stop loss at cost, $76.71, so I'm riding on House money: moves up I win, moves down no loss. Looks brilliant, don't...
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    What size trading account would you need in order to make $50 per day trading /scalping?

    In my modest but very long experience, there is no such thing as "$X a day" in trading. The thing that will determine if you make or lose money is how far you let your winners ride and how soon you cut your losers. Especially the last one.
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    Good US FX Brokers?

    Nope. Accredited Investor maybe?
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    Good US FX Brokers?

    IBKR looks the biz. You get tight spreads (half a yen on $/yen, couldn't get tighter than this...) and great financing rates for reasonable sizes.
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    Possible BOJ intervention on USDJPY right now ?

    Funny funny. "I'm not interested in tiny forex interventions". Tons of folks long $/yen (most Hedgies) to fund investments globally saving 4% a year on funding compared to borrowing US$ ARE definitely interested in not losing in half a day a years saving on funding costs.
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    Possible BOJ intervention on USDJPY right now ?

    MoF is the one intervening, not BoJ. You can find their monthly release here: https://www.mof.go.jp/english/policy/international_policy/reference/feio/index.html Last intervention was September-October 2022 selling $ around 145. Down to 142 on Friday, I don't think they'd intervene below 145. I...
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    Has anybody checked Interactive brokers' computation of the Sharpe and Sortino ratios?

    Thank you all, I'll give it a try on various periods. Need to find out how to download the portfolio daily value series from IBKR but that should be doable.
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    Has anybody checked Interactive brokers' computation of the Sharpe and Sortino ratios?

    Market has been good to me lately but I get suspiciously high values. Just wondering whether they're correct.
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    Barclays' cull of 21 ETNs puts structure on shaky ground in US

    So if you had unrealized gains, you get a tax bill. If you had unrealized losses, you don't get a chance to wait for a move back up... Note to self: Stay clear of ETNs.
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    My experience: GOOG from powerhouse to worthless in 2 weeks.

    What matters is GOOG can't track me. So if DDB uses GOOG, means that I'm free riding on GOOG. That's even better.
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    My experience: GOOG from powerhouse to worthless in 2 weeks.

    GOOG is not a search engine. GOOG is a lead generation tool. Makes money selling ads and tracking you. Haven't used it in years: Duckduckgo, Nord VPN and Firefox ad blocker. More and more folks do this.
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    Could Bitcoin’s Price Reach $1,000,000? (ARK Invest)

    Wrote an article back in December as how this could happen. Not sure about 90 days though lol... https://seekingalpha.com/article/4562097-million-dollar-bitcoin-here-is-how-it-can-happen
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    do you trade better after a good lay?

    Nope. I lay better after a good trade.
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    BTCUSD - go long?

    Completed a Golden Cross 50/200 -i.e. Go Long-but broke below 50DMA so staying on sidelines.
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    Blackstone defaults on $562 million Nordic property-backed CMBS - Bloomberg News

    Cracks in Northern Europe oftentimes preceded major crises in the past: Mid-90's, 2007-2008. "This time is different", of course.
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    Charlie Javice, 30 Y.O Founder Accused Of Fraud

    A girl named Charlie can't do no harm.Time to play the LGBTQZWDFGH card.
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    Dollar according to Dalio

    Last year, Dalio was extolling the virtues of China and promoting Chinese bonds as the coming substitute to US Treasuries. In a couple of months, he will have forgotten about Vietnam and Mexico, let alone Saudi Arabia.
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    Coming Aug 29th: Black Monday or Bounce Monday?

    A bounce would be fun to watch. Basically J Po came and said "I'm gonna kick your ass, real good and for a long enough time, and it's gonna be painful". Need a resilient market to fight that back, but who knows? Rarely have I heard a central banker be so upfront, blunt and to the point. Draghi...
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