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open a TD ameritrade account, deposit $100. Get TOS and data for free, use IB to execute orders

In the super long-term, valuation doesn't matter as much so I would say his comments aren't as crazy as they sound

Sure keeping money in bitcoin brokers is high risk, but its also high reward because its a quite inneficient market due lack of professional money managers. This is a liquid market where you are up against idiotic criminals and retail peeps. With lots of volatility, range, etc. There is a lot of...

What holds me back from investing is the fact that Chinese stocks are up a lot YTD and the bear thesis is a banking crisis. These ETFs are cheap because they are heavy on banking and insurace (and Tencent I guess), if a crisis were to play out, they would drop 50% easily, probably more. So...

Here are some interesting info I'm not seeing any recent bubbles (except the 2007 cycle), just a little boom bust cycle that is natural to stock markets. Question is whether to use CAF or FXI, Chinese A shares or HK Chinese shares

"Consumer short-term debt is approaching a historical turning point, it must soon adjust itself to the nation's capacity for going in hock, which is not limitless" "The same general observations apply to mortgage debt -- but with double force" Source? Fortune magazine 1956 I'm considering...

Siegel projects 5-6% nominal returns going forward, at least he did in an article about a modified CAPE ratio. His modified CAPE makes a lot more sense than Shiller's

Amazing resilience by BTC and ETH, these things had all the opportunity to blow up really hard in a large selling climax but they keep finding buyers. Maybe these things need another big buying surge at ATH before they are ready to pull a big correction. I traded them this week with day and...

Good points, perhaps the right ratio is to use the same $ amount in both positions. So if you are short $10,000 GBTC, get long $10,000 worth of BTC. If BTC becomes worthless overnight, you lose 100% in both. If it doubles, and the premium stays the same, you are protected. you would only lose...

I'm with ya, I thought polo was going to be great but it sucks due lack of margin trading with USD or USDtether. So far Kraken is the better one I found, I just wish I could be more secure with my cash in there. The whole thing can go bust at any second

A trade that I'm considering, short GBTC and long BTC at the right ratio. GBTC is at a large premium, that should decrease as the hype settles down. The borrow rate is 24% a year right now on GBTC (IB has shares), so its a little expensive to have it on but assuming this market cools down within...

Which exchange is your favorite?

These things are looking like shit now, free falling. I have been short-term trading them this week and it sure hell beats trying to trade stocks lately

Just learned that Polo doesn't let you margin trade BTCUSD or BTCUSDt pairs using BTC as collateral, pretty fucking stupid. Had to liquidate BTC and convert it to tether. That carry cost also is absurd, thats like 20%+ a year right? Goddamn, for simplying the world and making it 'cheap' to...

I suspected they had, how much is the carry, do you know?

I dont like TetherUSD so I came up with a way to trade in many exchanges while being protected against a BTC collapse. I short the BTCUSD pair on Kraken, buy BTC for the same amount and then transfer those BTCs to the other exchanges. Polio seems to be the best around, very liquid compared to...

Got some Dec 2018 97.875 puts as well

Bought some lotto GE (eurodollar futures) 98.00 dec 2018 puts. Fed is not giving a shit about inflation, if the market is wrong here, these lotto puts can payoff if there are tax cuts and other things

Some of the consequences of Trump's poor/violent communication might be events like today's attack at the Baseball game. I worry about a bigger, larger attack from people that are pissed at him as well as I believe there is a fair amount of chance there will be an assasination attempt against...

The core CPI, the 16% trimmed mean CPI (which removes the 8% highest inflation items and the 8% lowest) and the median CPI (just a median of all items) are all 'trend inflation' indicators. If you give an equal weighting to each, then 2/3 held up resonably well in May. The median CPI actually...