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  1. Scataphagos

    Texas man indicted for failure to report crypto gains

    I don't personally know of anyone who trades the ES.... then again, I know only one person (a tennis/beer drinking buddy) who trades the markets at all. He's an Ivy League grad who thinks he's pretty smart, but has lost has ass over the years... prolly because he disagreed with me at virtually...
  2. Scataphagos

    Texas man indicted for failure to report crypto gains

    Yes. 1. Form 1040 now asks about "... crypto-type currency transactions". If you lie, you're subject to big trouble if they catch it. 2. Years ago I had to fly to San Francisco to meet with a US attorney over an issue they thought I might have over managing client assets (I live in...
  3. Scataphagos

    Perfect timing for another ai addition to s&p!!

    Perhaps don't need "additional AI stocks".... maybe just add MSTR to include Bitcoin in the index.
  4. Scataphagos

    What Option Strategy Do You Use?

    From observing some who sell option advice, seems they fall into 2 categories. 1. News and fundamental developments about a company.. any reason to trade on a stock is the same reason to trade on its options. Most like to trade OTM but near.. 1-2 strikes away or further. 2. TA... looking...
  5. Scataphagos

    Stock trading is pure gambling, enjoy!

    In a famous Texas Supreme Court ruling, it was deemed that poker is not gambling but rather a game of skill.
  6. Scataphagos

    Why are there no position limits on index options?

    Last I heard (perhaps old news)... the position limit on the ES was 20,000 contracts. That's big enough to be outside the reach of most of us retail screen jockey traders.
  7. Scataphagos

    Slippage reduction algos

    Bottom Line on Slippage... you can't do much about it. Limit and/Stop limit orders can get "blown through", as you kow. So... focus on the "potential you see" in the trade. Slippage is just a cost of doing business.... however suggest you play securities with small spread and significant...
  8. Scataphagos

    Stock trading is pure gambling, enjoy!

    Stock trading is pure gambling... Hogwash! In gambling the odds are against you and are fixed. There is nothing you can do to put the odds in your favor. (Card counting in black jack does not fall into the category of gambling... that's why casinos don't allow it if you get caught doing it.)...
  9. Scataphagos

    Modern Day Hyperinflation

    Prevent? Ha! Stoking.
  10. Scataphagos

    If you use stop losses then you are essentially gambling

    Trading without stop-outs is a game for noobs, fools and idiots.
  11. Scataphagos

    Former Boston Fed President Rosengren: Markets overreacted to CPI

    Fed cutting rates = "INFLATION higher for longer". :(
  12. Scataphagos

    How to choose which monitor for Trading Futures Contracts

    Unless you want greater res than 4K, suggest trying "TV as monitor" concept before going to the expense of large monitors. Years back, TVs weren't all that great for computer monitors... but now they are fine for that.
  13. Scataphagos

    Why oh why would jd be so worried about a national debt crisis???

    If you want to be mostly honest about the debt, we need to go back to Reagan. He's the one who promoted, "spend what you have, borrow the rest"... and the infamous, "Reagan proved deficits don't matter". Prior to Reagan there was always dickering on spending... "guns or butter". With Reagan's...
  14. Scataphagos

    Why oh why would jd be so worried about a national debt crisis???

    IMV, you refuted your own statement... "the Fed will come to the rescue... all Fed rescues are mere band-aids." Each time they do, the $USD experiences an "inflationary, currency debasement" to some degree. At some point, the $USD becomes effectively squadoush!.. unless policy changes.
  15. Scataphagos

    Why oh why would jd be so worried about a national debt crisis???

    EVERYONE whose assets are denominated in $USDs should be worried about the "debt crisis" (not that we can do anything about it). At some point the world will "give up" on the $USD... and it will plunge to "near zero" as a store of value and medium of exchange. That being... no matter how many...
  16. Scataphagos

    Coinbase...

    True, but one can participate in the movement in BTC with playing MSTR... and have to pay only the bid/ask spread... much less than "10-15% fees", not to mention the other positives.
  17. Scataphagos

    Coinbase...

    You can do what "while paying 10-15% fees"?. Just trade the crypto stocks.. long, short, options... no such fees beyond the usual spreads.
  18. Scataphagos

    Coinbase...

    Personally... and as a long-time crypto skeptic... I alert to an alternative to participate in "whatever BTC does in the future". That is, play the "BTC stocks"... those be MSTR, COIN, MARA, RIOT.... are the biggies. You can long, short, option the issues and participate in whatever the...
  19. Scataphagos

    TA for aggressive players, especially BTC

    I've never been a fan of Bitcoin... but with enough people accepting its premise, it has become a "thing".... looks like it's gonna stay. Here's a chart of speculative, "high potential gain/loss" vehicles. So... if you're a trader, trade 'em. (MSTR stock as a proxy for BTC.)
  20. Scataphagos

    Half of the US can't afford to pay rents??? Hmm..tough to believe!.

    Early in my varied career, I had a financial planning practice for fee. Seems no matter how much people make, they don't want to live far enough below their means to accumulate savings for investment. (When I was making $40K, I thought $100K income was IT. Wasn't.... neither was $250K. When...
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