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I hv been averaging into it. On a 1000 dollar purchase the trade cost is about 15 dollars. I haven't made any sell side transactions yet. You have to give your online bank password to an intermediary and that came as a surprise to me. The debt card transaction has a pretty low weekly limit. You...

I went with coinbase and it does appear to be a rip off as transaction cost seems excessive. Consider that only as a last resort.

So in a dynamic mkt, how does a falling market reverse course and start going north? All those buyers are simply fools?. There were quite a few long signals if only you knew how to spot.

By lowering yield on T bill banks can get higher rate from lending. Holding cash is useless for them.

Kinda hard to find brokers to short uvxy. You can try synthetic shorts using options(even that has restrictions, at times) or move to vxm mini vix. There is a svix etf approved but not listed yet. Svxy is the only other alternative but is not appealing anymore since they reduced leverage.

Hedge SPY with SPXL? That moves in the direction of spy with more pace.

Couldn't resist this drop in anticipation of Jay po's face. Had 2 ES orders 65.25 and 50.25. 65.25 filled.

Nice work

TTS has nothing to do with gains. You should prove that you trade regularly and continuously. IRS does not define number of trades but a case law is the reference. 720 trades in a year is a std reference. Anything less, in a audit you should be able to substantiate.

Find beta of the equities to sp500 index and hedge with index put / vix call. Gold and long term bond are hedges too although arguably not optimal at the moment. Hedging every single trade can be expensive.

Well, Laughing is easier. Trolling is even more easy. Minimizing trade loss is tough. Averaging 20k a month trading ES is even tougher.....

Long is scary. Apparently JPM is expected to post dismal trading revenue. Anything can happen. And Wednesday powell testifies to house. On his face there has been a small down track so far. Short is equally scary. Looks like it may be volatile.

That was a fast scalp. Out at 60.

Bot the open at 55.25, don't have a multi day outlook.will exit around 60. Long appears risky.

The world we live is this. Amazon finds innovative ways to avoid paying tax. It's CEO amassed enough wealth to fund a private mission to space. There are hundreds of thousands of single mom with kids working in McDonald's to make ends meet. Suddenly a pandemic come over and her ability to make...

Without taxation government cannot fund its expenses. Rich or poor is not in mindset. That kind of thought is only valid when every human being has the mind of the Dalai lama. If that were true then in that utopian world money will have no meaning. Everyone will be spending their time in...

If market didn't rally growth would have stopped. Jobs would have vanished. Imagine walking to a soup kitchen after getting tenured in Stanford. So QE was put in place to let the market rally.

The consequence of QE is the raise in asset prices. Normally only rich holds assets. It is normal to expect them to pay back what they gained. QE widens the gap between rich and poor. While rich lived through the pandemic, how many poor would have gone through economic hardship? We hardly think...

It doesn't work that way. Both clients continue to use their old framework until internal merger occurs transparently.

True, the other way of looking at it is if your expected buyer domain is a dozen ppl, you have to price the book at 10,000 dollars to breakeven.