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I do not confuse it, just being practical and don't care about academic precision that you seem to be craving. There are layers of technologies involved with limited abilities to invest into underlying directly for most people. There are many coins out there that represent a commonly accessible...

So? There is more ways to make money... How is saying that valuable to anyone?

If one believes the technology is not a complete fraud, we're getting to a quite attractive R:R to lock some money in crypto projects for couple of years, many had 70-90% DD. What would you put your money in for 10x return potential over 1-3 years in that space? My guess is BTC and ETH +...

Jan T-Bills then 1y OOM PUTS on SPXL

SPY looks like it wants to keep going up. As little as lack of unexpected bad news during Powel's speech is enough. This is hardly a bear market behaviour unless a quick violent reversal follows. Might just keep going up into Dec 13. Wouldn't go long big into it though, R:R is bad. A great time...

Yes, over the next 5y. I went from discretionary trading to automated systematic and shifting towards a hybrid now using the best of both. Automation takes all trades fitting under a "one size fits all" model and can't spot changing environments, but is winning on consistency, sometimes speed...

Congrats on that trade

Parallel for now with automated having less allocation.

What I do is - study and continuously collect information, once in a while a seemingly unrelated cluster of data points alligns then can make a thesis. Talk to people, see what others think. Try to find an expression of it in a good R:R trade. China cought my attention in Oct as they've been...

2 positions closed today - long China and short SPY. When I say long or short I mean directionally. Almost always a combination of options and / or underlying. Eg SPY was done thu shares in SPXS, protective puts and short far OOM calls. China was via LEAPs on FXI. SPY - plan was to accumulate...

Above your head. Ignore list continues to grow

MacBooks M-s are a huge step up. Great value for the price these days. I'd say get the basic M2 Air see how you like it. Their screen size feel very big because bezel is much thinner. I have maxed out M1 Pro 14 inch, it is a total overkill pretty much for anything. Recently bought an M2 13 inch...

Currently directionally long China, short SPY and short TMUS, free cash is in ~1m t-bills. Cut off point for risk reward to me is 1:3. The best being 1:10. Typically I get into 1:3-5x with 3 profit targets, risk is often very conservative eg assuming full position loss. But depends on vehicle...

Don't have it handy. Net is slightly positive YTD and something like +30% for a recent corporate year end. I've hit some triggers that point out a revision is due but have no interest in spending too much time on that. Next 12 months will offer exceptional discretionary opportunities and prep +...

Basics: Finding great R:R opportunities is an ultimate goal High level themes help to point where to look No one knows what the market is gonna do Few recent thematic observations that help me find ideas: Raising interest rates. make equities less attractive and causing money to flow into...

New journal where I plan to post about my discretionary trading - https://www.elitetrader.com/et/threads/vals-discretionary-trading-journal.371384/

Fully Automatic Stocks Trading is my previous journal. Been trading on and off for ~10y. Automated trading made me good money over past 3, it is a quite crude way though for handling exceptional opportunities and changing markets like what I believe we're seeing now. Earlier this year I called...

With 2023 equities outlook being bleak, what are your best fixed income / low risk ideas for the upcoming few years? Some US T-bill are currently high 4s%, let's post ideas above this. IMO, for <10k US i-bonds are no brainer @ 9.62% ATM. In Canada some GICs just touched 5%, not sure if...

Working on psychology has before I started being consistently profitable. Don't think would have made it otherwise. Trading basics are simple but is in a conflict with the way most people's neural pathways are wired IMO. Some re-wiring needs to happen and it's very difficult. Van Tharp was...

Correct. That order will sit in a queue till they are available. If that is a limit order, you may get filled at a worse than limit price once shares are located.