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  1. P

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

    I mostly agree, however it does have some intrinsic value which is: -at least the cost of electricity spent to 'mine' it -the underlying distributed network infrastructure of hundreds of thousands GPUs with great computing capacity Future internet economy will build on this network.
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    I was told that USD $ is going to collapse, True ?

    Do you think Germany will allow strong Euro to kill their exports post-Covid?
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    If you had only 1 hour to look at a financial statement, what would you glance at?

    Revenue growth and profit margin.
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    Is Kraken as safe as Coinbase?

    Mt. Gox claimed they were safe too. Never hold coins long term at brokerage. Just working capital for trading. Always transfer to your private wallet.
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    Retired, 450k fun money, lets see what happens - SPY Options

    Hi Wise Old, Selling them Fridays brings in two more days of premium decay.
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    Help me learn - critique these trades I made (weekly AMZN ICs)

    Hi Draknor, Here are some things to think about to develop a process: what % of capital to use for one trade what is max risk of one position what is max loss of a trade and am I willing to accept it, see no. 2 if not, when do I close it out do I enter unlimited loss strategies in my game...
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    Selling puts

    TWS has a decent scanner, try demo version.
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    Deutsche Bank proposes a 5% tax for people still working from home after the pandemic

    Perhaps the author of this idea is simply looking for a job with the new administration or it is a probe of public reaction to another radical left tax idea before design of new tax code. They need to know how far they can go. Beware the timing of this writing.
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    Why do traders talk about TA as if it is physics ?

    Price represents supply and demand interplay in time which is economics, so TA falls under social sciences rather then physics. The "law" of supply and demand exists in a social world. But TA cannot be entirely separated from physics because: It studies price movement through time and time is...
  10. P

    Solutions to cover one-leg-assignment risk with Vertical Spreads

    Can you get LONG underlying before expiration? (with ATM puts)
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    Why is the stock market rejoicing if republicans have not clearly won the senate?

    Narratives and ex post explanations of market movements do not make any $.
  12. P

    Bought Coca-Cola and Oracle today...Value investor

    Word is they are rebranding to "Alco-Cola".
  13. P

    VIX is moving

    The Word became flesh at 38 closing price today. Before, it reached the midpoint range of 40 3 days in a row. Here is an interesting reading on the topic with some statistics included: https://www.zerohedge.com/markets/vix-getting-close-critical-level
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    Modern Money Theory, explained.

    MMT means stealing from workers and giving to asset holders because the rich own most of the productive assets and workers wages (except for highly skilled knowledge) are always lagging behind real inflation so their buying power and savings constantly deteriorate.
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    Time Decay

    Because there is no intrinsic value in ATM option but there is the greatest uncertainty regarding its expiry In OR Out of money, hence time value is the most expensive.
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    Bought Coca-Cola and Oracle today...Value investor

    Good call on UCO: reverse H&S, I'd rather wait for confirmation. Not sure about the fundamentals of demand, though. KO - I do not share bearish view, as there has formed an ascending triangle looking for a BO above 51,50. Oracle - agree, it has just broken through support with a big gap. I...
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    What are you reading & why?

    I've checked my latest sixth edition of this book and Gann is introduced on page 662. On page 666 there is now a chapter on Hexagon chart method. When someone says markets are random I show them that SPX bottom :)
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    VIX is moving

    The chart is saying we have a breakout. I have not checked the news today, but it is saying there must have been some bad news or increased uncertainty... Perhaps there is not much added value in reading the news and looking for explanations when this gap candle says it all. I wonder what is...
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    What are you reading & why?

    It is not odd if you consider that Gann was a 33rd degree Freemason of the Scottish Rite Order. Source: Bucholtz, Malcolm G. (2013). The Bull, The Bear and The Planets: Trading the Financial Markets Using Astrology. Btw. financial crisis SPX market low on march, 6th 2009 was 666,8 points.
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