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Sure, but what was the advantage to you of using BC over any other currency to complete the transaction ? (Prior appreciation does not count since it was not part of the actual transaction). Where was/is the comparative advantage ?

Just like selling a penny stock that you made a killing on then buying the house or car. A speculative vehicle yes, currency no.

Do you truely believe that BC is at 4k because people are buying it because " gee, I really need a different currency other than the USD, EUR, YEN, etc. to transact/buy my daily neccesities ? " yes, time will tell if BC has a place as a sustainable CURRENCY, but for now it is just a speculative...

I guess that could add some downward pressure.

Yes, trend is definitely up. That is why while I think it will test lower, I would not have a short position on until it did.

SPY closed at 247.84 on Friday, following gap opens on Th, F. My call (although aggressive) is it tests back to 245.05 area (this week or next) filling gaps and testing 50 day MA (as of now not seeing any big weekend geo political market moving news). any one strongly agree or disagree ...

Agree on the proportion of capital. Do you calculate it on your 400k or say 2mm if you turn the account 5 times ? Thanks.

I also think posts on this thread are mixing apples and oranges. Some are refering to % of PnL, some to % of account size. good topic though.

Wait....if both the small and large accounts are sending 2% on costs how did the small account get to 5k in costs ? What am I missing ?

I believe VN was naked, I think this is collateralized.

Nice job...looking forward to hearing the responses.

While theoretically this strategy can have a positive expectancy, I think your term INEFFICIENT is acurate for the retail trader. The amount of time needed to manage this is huge, and even letting a few spreads go deep ITM will kill. Not even mentioning the risk on the naked stuff.

No advantage, LOL ! No choice, compliance does not allow me to have outside accounts.

Is that 3 bp ? I assume you are managing a sizeable portfolio ?

A follow on question.....what is the % if you include all of your paid services, data feeds, platforms, etc. ? For example my option trading portfolio commission is high (partially due to the fact that I'm with a broker dealer and have to trade through them) but I pay 0 for data/platform, etc.

Or the market goes sideways and you lose on both sides due to the decay. usually "financial engineering" such this "401k withdrawal"' idea are a waste of time at best or blow up at worse.

lol...deleted my original thought. But, I would do some checking on the whole M.O. of seeking alpha before trusting any of their info.

Hey, enjoy reading your thread. So to use your 97/98 tech stock analogy, where /what is your final exit strategy ? 100k invested in "tech 97/98" when to 1mm and THEN to zero. Where was the success in that ?

Well contrasted, but BOTH are abuses of the powers of the executive office. The Trump administration obviously has issues but let's not forget the unilateral, ill advised actions (most executive actions in Presidential history (?)) of Obama.

If your definition of "informed" is that ALL social/economic problems are raced based it is. Steve M. post #4 is much more in keeping with the historical facts.