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    What keeps Close-ended-funds NAV in line with the share price?

    Dividends (when they are present), the chance that a fund will lots of shares and close the arb, the chance the CEF will liquidate
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    Global Macro Trading Journal

    IMO a big reason why some VC/angel investors and startup founders are so rich is the fact that they CANNOT sell for long periods of time. If they could I bet a lot of them would screw-up and sell too much, maybe all. Real-time quotes and daily liquidity is like kryptonite to good patience
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    Global Macro Trading Journal

    So I did stake most of my ETH on ETH2.0 deposit contract using a service. I (and only I) have access to the withdraw keys. The service does have the validator keys (as I do), this creates one risk which is the risk that a hacker would get a hold of the validator keys by hacking the service, and...
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    Global Macro Trading Journal

    Year End snapshot
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    Global Macro Trading Journal

    As far as a comparisson with my 'benchmark', the Dalio All-Seasons portfolio, I was able to beat it last year I no longer consider this an appropriate benchmark because its just too damn long of bonds. Which I consider very dangerous. I'm not sure what I will use as benchmark, maybe just an...
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    Global Macro Trading Journal

    Finished my return accounting for 2020, the net result was a gain of 19.8%. The main drivers were: The main things I got right was buying China when covid hit (I called it the last great opportunity to buy China, I was right), sticking with crypto despite the covid carnage (in hindsight, I...
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    Bitcoin seizure

    I recently opened an account with Schiff's bank, Euro Pacific Bank. I got to say, its pretty shitty in technology and security. They use SMS (!) for 2nd factor authentification, and you cant choose anything else. The web platform is downright confusing and its a pretty bureacratic mess (it takes...
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    Global Macro Trading Journal

    https://www.zerohedge.com/markets/whats-behind-todays-sudden-selloff-answer-lies-georgia Odds of a blue wave are rising
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    Gold rising

    If you have to ask it means you need to close your position and take the loss, the first loss is the best loss. Also read the Market Wizard series so you learn good trading habits
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    Global Macro Trading Journal

    these defi idiots take credit risk, i will take project risk but the keys are mine. plus all eth holders are taking the chance eth 2.0 wont work but by staking, at least you get paid for it
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    Global Macro Trading Journal

    no, its one thing to stake with a COMPANY where you hold the credit/hacking risk of the company and another to stake in a proof of stake system, where you hold the withdraw keys and carry no company risk. they run just a node for you, which i could do myself and might
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    Global Macro Trading Journal

    So the way to go to lock Ethereum is to stake it for ETH 2.0. There are a lot of sites that offer this service but only a few give you the withdraw keys, so you dont take company risk. I plan to do that early next year once the holidays are over https://beaconcha.in/stakingServices This will...
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    Global Macro Trading Journal

    Just locked 1/3 of my BTC with CheckTimeLockVerify on the BTC blockchain. I can only get it out from Mid 2023 to 2026 (it will be released in parts every 6 months), I used these days because 2024 is the next halving date. Now I can focus on the 2/3, trying to catch this cycle top, which is...
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    Global Macro Trading Journal

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    Global Macro Trading Journal

    So I opened a Tradestation account for my entity, as a backup against problems at IB. I'm finding it a pretty decent broker. They have one thing I really like, which is a crypto platform, integrated with the securities account. That is, I can buy crypto using money that is in the stock account...
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    If you had only 1 hour to look at a financial statement, what would you glance at?

    With one hour you can pretty much look at all financial statements for a number of years. But if I had to look at just one thing I would look at Retained Earnings/Accumulated Deficit
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    I asked permission to trade crypto GBTC and IB replied like idiots

    GBTC trades in the OTC stock market aka "penny stock market"
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    Global Macro Trading Journal

    I plan to buy some SPY puts at open in case this UK virus mutation is worse than it looks. I already buy them every 2-3 months as part of my portfolio hedging regimen. But I want to make sure I have a little extra just in case Probably it wont work as fiscal and monetary stimulus will be...
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    Best 3rd party platforms with IB

    Dastrader is pretty good. Medved is also a good option and costs much less
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