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Bought a small position in UNI and SUSHI for when the WRB crowd realize that crypto is the casino they are looking for. It can never be shutdown. WRB has over 3M users

Ray Dalio opening a crypto fund And another bear throws the towel. One by one the legends are joining the trade

Gotta love crypto, within days FTX has a future that is a basket of WallStreetBets securities/coins for people to bet in

This seems to be a move to protect IB's capital, which is fine. What is not fine is these other condencending retail brokers not allowing people to trade the stock at all

Of course there are probably plenty of idiots on wallstreetbets and I bet lots will be holding the bag when GME tops, afterall, most traders fail. But its a darwinian situation where the idiots go broke and you are left with better and better pros. And these props are better and better...

Chamath Full CNBC interview. I think he is pretty right on this. The day/swing traders I have seen when I was a full time day trader are better than most hedge funds on: -risk management -idea generation -sensing the pulse of the market -going for big bets when the time comes -many other things...

GME touched $500 pre-market today. Shorts are getting squeezed 2 ways, one is in the price and the other is on the borrow fee which is over 200% last I heard. There is also the possibility that the shares they borrowed will be called by the broker (a buyin) forcing them to take the loss. These...

If you are Jim Simmons you need to worry about that, you are not Jim Simmons

https://www.reuters.com/article/us-usa-sec-markets-idUKKBN29W2UZ?taid=6011f8b2c8ffe70001f66a86&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter "stop squeezing the firms of our revolving door jobs or face serious consequences"

I have been talking about this forever. People from Wall Street (what I call NY crowd) struggle understanding optionality, that's why they have been so late on Crypto (in fact, most are still out). People from Sillicon Valley get it Of course, you can take this too far, and thats when bubbles...

Retail brokerages are banning traders from trading GME and AMC, meanwhile DeFi exchanges run 24/7 and everyone is welcome. Brokers are screwed, DeFi will eat them for lunch

Its like a mini 2007, only that the hedge funds are the banks and high short interest stocks are the CDOs

Soon these managers will send letters to their clients blaming the market for their misfortunes and say 'now we will be careful about crowded shorts' lmao. A bit late to learn that the sky is blue

This is like a mini version of 2007 when the banks had CDOs on their books. The CDOs are high short interest stocks and the banks are the hedge funds. The fact that everyone knows what the high short interest stocks are makes the strategy of shorting in size so dumb, but these genius managers...

Good piece from Raoul https://www.realvision.com/issues/r...ial&utm_campaign=2021127_Crypto_MR_TW_W1_LINK

https://www.bloomberg.com/news/articles/2021-01-27/carson-block-cuts-short-bets-ducking-online-mob-hunting-bears?utm_campaign=socialflow-organic&utm_medium=social&cmpid%3D=socialflow-twitter-markets&utm_content=markets&utm_source=twitter They cant ALL reduce exposure at the same time. Whoever...

Its a financial civil war, its fun to watch

Its other people's money, they dont care. They rather hold and hope it turns around so they dont lose their AUM

https://www.zerohedge.com/markets/hedge-funds-are-puking-longs-cover-short-squeeze-losses

I wonder if they didnt cover and they just used Sorkin to save themselves