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So, after all this talk, I dumped it and took some profits. I didn't like the volatility, and the way it was moving against me. @themickey your points also spooked me a bit.

It's based on Xi's "Common Prosperity" initiative; which to me, is a Machiavellan slap-down of any company that may pose a threat to his regime. Evergrande, TenCent, Alibaba, etc. Thank you.

Vanzy!!! Great to hear from you, as always. Did you surpass Soros yet?

Yes, it is obvious... but this is out of the U.S.'s hands; it's China and Xi, and judging by Evergrande, Xi hasn't been subtle! He's been rather heavy-handed, and I think that this is just the beginning. We're on opposite sites of the trade. My risk is my reward, My profit is your loss... and...

In Will Xi nationalize $BABA in classic Communist style? That is the question. It is that unknown uncertainty that will drive the price to Evergrande lows. BB is calling this collateral risk. This whole "Common Prosperity" push just started a month ago.. this is just the beginning.

I respect your opinion. I believe that it will continue to plunge. Time will tell.

Yes yes yes!!! I searched for 10 minutes but couldn't find it. Nice!!!

I believe it will punch through to new lows. This is about Xi, self-appointed emperor for life, staying in power. I would not want to be long on BABA right now. Look what he did to Evergrande. BABA gave 15.5B to Common Prosperity... that might be enough cash to get to Xi. There are those who...

No flame, appreciate your thoughts, and you make some good points. I'm not crowing, and didn't have a lot riding on the trade. I applied a lot of lessons learned and took the right side. I do believe that BABA has a long way to fall. Most importantly, Fed risk, or "Brrr risk," is less; a...

30 years in a North Korean re-education facility first.

No I've been making a lot of mistakes since Corona hit, taking losses, and learning some hard lessons. I think I've finally taught myself how to trade, and have developed a basic trading style that wins 3/5ths of the time. I spoke with a banker when Corona hit, and asked for a loan to trade...

Personally I love the "Music" section on Twitch: very few commercials, lots of live artists, you can actually "tip" them with bits or donate with PayPal to support them directly. Some of my favorite artists are: 1. Jessu 2. Pykamusic 3. zzzorza 4. Hanawins 5. Tyler_Johnston 6. Whistleface 7...

The U.S. getting back into the steel game? Time to buy property in Detroit?

It very much based on peoples' belief in a store of value. Currencies and reserve currencies are significantly driven by the trust in them as a good store of value. The $USD is atop the pile today, and $BTC has garnered a surprising amount of trust.

Crypto is not my game, but I've heard that $BTC is used as an intermediary to move $CNY into $USD? Is this correct?

Credit: Wall Street Journal, 9/24/2021 https://www.wsj.com/articles/china-declares-bitcoin-and-other-cryptocurrency-transactions-illegal-11632479288 --- China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals...

Yes... I think that a large part of this "irrationality" is driven by Agenda.. and Fed QE dollars. The agenda is to keep equities on an upward trajectory. Not so much with these Chinese companies. They're not exactly the centerpiece of the U.S. economic goals. In other words, the Fed isn't...

Thanks; yeah, I've made a lot of mistakes lately, and took some hard losses. This trade everything really came together. I applied all the lessons learned from those losses.

I've been working this trade for days. I could just feel in my bones that it was going to break. It was sitting so heavily on that price level. I stubbornly refused to give up my position, despite Wednesday's move against me. This is $BABA. I think that Xi Xinping sees the China big tech...