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FTX has listed GME futures and GME (redeemable tokens representing custodial common stock held by a german company)USD pair. This pretty much enables someone with a large long position or long calls, to hedge out his position by shorting futures or the token. Which that investor/trader might not...

Here is a theory: People that are very competitive (in sports, work, everything), love to be contrarians. It makes them feel superior. They love to be the guy who bet against the top and nailed the move down while all the 'idiots' were buying. Its like crushing your opponent in a sports...

I think Tilson was just quoting Andrew Left, Tilson said in the article "Rather, my advice is to simply avoid hot sectors and stocks altogether." Which is a better method than these contrarians that dont seem to understand risk management

"Even so, my losses have been minimal – and I’m making it back by selling ridiculously priced calls. For example, when the stock was at $75 today, I was getting paid $18 for $90 strike calls and $14 for at-the-money calls that expire on Friday! If you’re a professional player, you adjust to the...

Left had a 80% average short exposure in 2019, I'm not sure what it was in 2020. This man will blow up, he is risk blind. I dont know when, but he will blow up

Looks like Kuppy learned similar lessons as me, he just explains it differently https://adventuresincapitalism.com/2021/01/25/on-avoiding-expensive-mistakes/ "The shorts at GameStop are probably thinking that Friday was the blow-off top. Instead, they should be asking themselves, “was Friday a...

Here is what I believe is a better approach for portfolio construction for stock funds that want some protection for the times SPX drops 30-50% -Limit long stock exposure to 70-80% -Have cash, bonds, gold positions with 10-15% -Have 2-3% in BTC as a hedge against an implosion of the financial...

This long-short HF industry is a fucking scam. They charge you 2/20 to pretty much gamble with your money by taking massive risks. Its no wonder so many managers like it, it increases the chance they will have a huge year and collect a big payout, I mean its leverage after all. If your gross...

Interestingly enough, Hempton was a few weeks ago asking on Twitter about how to short shitcoins without conterparty risk (this was shortly after the XRP lawsuit). The man is just a magnet of tail risk. Whatever he is seeing right now on retail driven stocks will probably be nothing if crypto...

I wrote this in Dec 2016. I feel vindicated. As a daytrader and swing, short selling was a significant part of my strategy. As a result, I learned very quickly, the upsides and downsides of that strategy. Its like living 10-20 years in just 2-3, because you see so many situations, so many...

I said that in 2017. Hempton is now hurting big time. December was his worst month ever and January has been even worst in terms of short squeezes, he is probably down much further https://www.dropbox.com/sh/nsg66b7pc45phtc/AAB1wKbYqGLAo12A2FiFSyE7a/Bronte%20Capital%20Q4%202020.pdf?dl=0 That's...

I'm also long a little bit of LINK(DeFi oracle), just a hype trade. I'm not even following the project much. I will sell as soon as it goes vertical

I did some token swaps on Uniswap, pretty cool. I found out today they are doing more volume than Coinbase. DeFi is definetly the future. I'm not sure I want to invest in the tokens though, so many people are pumping these and they have been running since the summer. I rather own ETH because if...

A company is using BTC (Lightning) to create a Square Cash like app for global transfers (with KYC) https://open.spotify.com/episode/0Whc61div1kJ9lZ0MPWtUu Essentially BTC LN works as a settlement layer for FX transactions (secured by the BTC blockchain layer) and enables people to send fiat...

https://docs.google.com/document/d/1Mvz1uKo9UR33YMSwc_-go31L7bmzkddUVV0UfWuclZg/edit?usp=sharing https://newsletter.banklesshq.com/p/open-reply-to-lyn-alden-and-ethereum Very good discussion on the BTC vs ETH debate. Main takeways -BTC could become less secure as the block reward decreases...

I noticed that there is no journal on ET talking about cryptocurrency trading, so I decided to create one. In my other journal (Global Macro Trading Journal) I was already posting daily about cryptos, which removed some of that focus of that journal. That journal is more about what I call old...

Chainalysis: The share of crypto transactions associated with criminal activity fell dramatically in 2020 https://www.theblockcrypto.com/linked/91706/chainalysis-report-crypto-crime-transactions-2020

FTX offers people the chance to buy SPY, GLD, TSLA, Google, BABA and a number of other stocks through TOKENS https://ftx.com/trade/TSLA/USD https://ftx.com/markets/stocks Its still early, so they dont allow US citizens to own this or for people to move these tokens. But regulations will evolve...

This crypto revolution is really amazing. So much has happened since 2017. Now pretty much anyone concerned about their banking system can have funds deposited in a Swiss Bank through an Swiss audited ERC-20 Ethereum token https://www.bitcoinsuisse.com/stablecoins#:~:text=The CryptoFranc (XCHF)...

This has nothing to do with argument from authority but rather it an example of what advisors/managers are going through. They are all under pressure to get involved with crypto and those that only bash it, are taking career risk and they know it. So they rather recommend/buy than to lose their...