Search results

Starting a real business has real risk. Trading is child’s play in comparison.

You are expecting humans to be rational when they feel an existential threat? Especially when the enemy looks so different? The internment of innocent people is indefensible. Let’s not forget that a law to pay reparations actually passed decades later. Inadequate compensation for sure, but...

Korematsu v United States was the US Supreme Court case that upheld the forced removal of Japanese-Americans from the West Coast. I’m sure it is required reading in every law school’s Con Law course as it was in my day. Every generation after WW2 harshly criticizes the decision. But right after...

Eight items on your list. I see that the first item is technical-based and the rest not. It’s unclear whether the 20K is a price stop or is just another thing to consider along with all the other things. In reference to your thought experiment, I don’t see Bitcoin displacing or even disrupting...

The Wall Street Journal is as main stream as financial stories can get. Lots of good press about Bitcoin recently and yet the price of Bitcoin has been trending down since last year. These are not disconnected developments. I know you consider posts such as this as psyops, and you are...

Sour grapes. It’s not unusual to see this in strong bull markets and market bubbles. There are always people watching from the sidelines and some of them feel pain seeing others make the money they aren’t making. Only a bear market or a market crash will provide them relief. But they aren’t...

SimpleMeLike, I agree with you. ROSO is an inspirational story. I’ve read it several times. During the down periods in my life I found it uplifting to read about the comeback after comeback the protagonist made after losing everything. Well, in truth he didn’t lose everything. He still had...

I am aware of that. Oftentimes the question initially asked arises from unconscious incompetence. Answering directly serves no purpose and would just keep the questioner in his state of incompetence. Your observation is useful.

There are many aha moments to experience before becoming operational in your chosen market. You need to accumulate a critical mass of them to get to that point. By operational I mean the stage where you are growing your account and no longer feeding the beast. Before that stage, survival is at...

A better analogy from the ‘90s is eBay, i.e., comparing eBay with Coinbase. eBay became the marketplace to sell Beanie Babies, Cabbage Patch Kids, etc. Still, I think the analogy is a loose one.

Highly entertaining read, johnarb. The euphoria is palpable. You seriously think all other asset classes will fair poorly but crypto? It looks like Bitcoin is correlated with equities. Ridiculously easy money on the short side in equities. A generational bear market is underway. I wouldn’t...

At present there is no secondary market for these mortgages. Until there is one, these mortgages are just isolated deals and have no impact on the real estate market. The article mentions securitization but I’m not sure how much appetite firms and institutions have for that idea after 07-08.

Absolutely. I embrace my role as a parasitic trader. Hedge funds, mutual funds, pension funds, sovereign funds. They are the large pools of capital that move equity markets. The life of a parasite in the market is relaxed and easy.

No, no, no. I use “parasite” in a neutral context. It is how I see my role in relation to the large capital pools operating in the market I trade. There is nothing negative about being a parasite when the host is bad.

Calm down. I’m not negative about trading anything. If you interpret my comments as being negative about trading crypto, that’s your problem not mine. I would trade used bottle caps if there was an exchange set up for it and I thought it was the best market to trade. Hey, you made money...

Do you mean the VCs who are in before the offering to the public, who keep the hype train rolling, and who own interests in the exchanges and marketplaces the things are selling on? Those guys? You are naive to the point of being delusional if you think they are at a disadvantage. The best you...

Ken, the spirit of the law and its enforcement is to prohibit false advertising and statements that mislead customers. Trading “educators” are not prohibited from disclosing actual trading results with the disclaimer they are not promising the same or similar results to anyone who buys their...

I remember the airplane game. Shit I feel old. The late 90s were great. Lots of people getting rich. Lots of excess, orgies everywhere. The key is to know when to hop off the party train.

It sounds like a pretty good deal for the lender. It would be interesting to know the LTV ratio, and if the price of the pledged collateral drops, at what price it would be liquidated to secure the mortgage. That is, how much margin is he allowed on the collateral? For the borrower the benefit...