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    Bitcoin and its vulnerabilities

    And wallets will become harder and harder to hack as the industry grows. Most of the big brokers hold the coins in cold storage now. There’s as much chance of those coins being hacked as a gold bar.
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    Bitcoin and its vulnerabilities

    He bought it weeks before. The SEC filing just alerted ppl to the fact he had earlier in the month.
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    When to sell a put spread versus long a call spread?

    well I suppose I was thinking more an ATM or slightly OTM long call spread versus an OTM put spread. Both benefit from the stock going up. But with very different risk:reward, PoP, margin etc
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    Bitcoin and its vulnerabilities

    Hackers cannot generate new BTC, its impossible. There are so many elements to the setup of Bitcoin that make that impossible. CEO? Of Bitcoin? What? If Elon sells his position it would make little difference in terms of price impact. The publicity of him saying he thinks BTC will go down would...
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    Bitcoin and its vulnerabilities

    GameStop mania lasted 2 weeks. Tulip Mania lasted a year. Bitcoin has been averaging 300%+ a year for 10 years and that includes two 80% moves down which then recovered and increased their adoption with each recovery and volatility lowered. They aren't comparable
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    When to sell a put spread versus long a call spread?

    Hi all, Selling a put spread is a bullish play usually with an inverse risk reward but the aim is to collect premium, generally high win rate. Buying a call spread is a bullish play usually with a positive risk reward but you pay premium, generally a lower win rate. Their overall expectancy...
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    trading mostly based on price ladder/ depth of market

    Not looking to pick a fight or anything as I know you are a big fan of spreading but i've been a prop trader in London for 15 years and its the other way around here. Everyone was just spreading firstly 5/10yr bonds and STIRS, then every prop firm was an energy spread trading firm. Literally...
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    trading mostly based on price ladder/ depth of market

    People continually say "oh you can't trade using the DOM now because of all the games algos play". What you are missing is we make money BECAUSE of the games the algos play. If an algo comes in everyday and puts fake orders in the market I am going the opposite way to his fake orders. If...
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    Expressing a Futures Spread With Options?

    Thanks for the reply. The reason for wanting to construct it via options is to make the risk to the position time based rather than price based. Avoid the scenario where you’re stopped out but ultimately proven right on the trade as you can be with futures.
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    Expressing a Futures Spread With Options?

    Hi, I am from a futures trading background, ive traded a lot of intermarket and intramarket spreads. Im wondering how i would go about capturing a spread move but with options? The obvious answer is say i think Market A will go up and Market B go down relatively i could buy a Call in A and a...
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    Kamala wants a 0.2% transaction tax

    As a trader from the U.K. nobody day trades stocks for this reason. Every prop firm is 90% futures traders. People get around it trading CFDs but even those you can’t really scalp as you are paying a spread.
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    Kamala wants a 0.2% transaction tax

    Politicians (left leaning ones in particular) don’t worry about little things like reality. By the time they figure out the tax wipes out day traders and with it most of the retail brokers we use (and the tax revenue it generates) and try and reverse it. It will be too late.
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    How do market makers make money?

    All futures contracts. Equity indexes and energy mostly
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    How do market makers make money?

    Yup, theres definitely bad days, but its just about managing the variance in your P/L swings. If you make 5k a day 19 days of the month and lose 20k on the last day youre still up money. Whereas more long volatility type strategies lose 1k for 19 days of the month then make 30-40k on the last...
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    How do market makers make money?

    I've worked on market making desks for years. Market makers get paid a fee by the exchange for meetining minimum quoting obligations. Often have to be x number of ticks away from best bid/offer 80% of the month. Some MM deals you don't get a monthly fee but free exchange fees so the prop side...
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    Kamala wants a 0.2% transaction tax

    It impacts stocks, futures, forex and derivatives.
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    Kamala wants a 0.2% transaction tax

    will be popular among the left wingers. They have always been turkeys voting for Christmas. They will cheer those “evil speculators” getting a beating. Yet when the golden goose of tax revenue that is Wall Street moves offshore and costs on commodities and savings go up they will feel the pain...
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    Kamala wants a 0.2% transaction tax

    It wouldn’t just effect a “small percentage of traders though”. The majority of the volume traded every day is short term trading. You take that away and all the brokerages go bust. Exchanges go bust (these organisations pay billions in taxes and employ tens of thousands of people). You then...
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    Kamala wants a 0.2% transaction tax

    Unless you are starting with a couple of million in capital “investing” is pretty meaningless. See how far you get making your 5-10% a year with 10-20k capital. If you want to make any sort of living from the markets you have to be trading short term. Also as for HFTs they contribute billions...
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    Kamala wants a 0.2% transaction tax

    The issue of FTT is something I’ve been worried about for years but glad to see other starting to catch on to the issue. I’ve been researching this for some time. But the highlights are as follows. It would kill day trading. If you are currently day trading and your average trade (when you add...
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