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I assume that he was sloppy and meant European Union/ESMA - was it that you remarked about or something else?

Agreed, populists like throwing the word risky about without any sense of proportions. An index fund is pretty risky at times. It has to be.

I've given up on trying to predict anything w.r.t. to crypto, and "because ponzi" has always been a bit of a lazy (if down to earth) analysis. If it does collapse, then it will be hilarious to read the aftertexts.

I wouldn't rule that out either (small account after all so anything goes), but I am not familiar to what extent you can game Fundseeder.

Shows "404 no such page found" for me TBH

Quick summary (IIRC, you better go read corresponding articles): The bet that triggered the cascading blow up was Viacom CBS, on it announcing a surprising new issue of stock. The trade was actually structured using opaque CFDs, with Archegos Capital having margin with lots of different banks to...

He wasn't betting additively, he was betting multiplicatively, and aggressively at that (even scaling his last trade all the way up to maintain max leverage). While the exponential process is very powerful and can make you infinitely rich [ignoring capacity constraints], a blow out of that scale...

His strategy might have fared significantly better had his capital been $20 million instead of $20 billion I guess, with lower market impact on liquidation. That said, going unhedged with that amount of leverage in a few individual names overnight is just asking to be blown out eventually, which...

True that. While opposite to the OP's situation, my GF is constantly asking me for investment advice (as she is just beginning) and I really try to push her away saying that she needs to figure it out by herself, or she will never make any money from it. Even if it's as simple as putting all her...

Going $200MM in the red by illicit means without stopping to think that it might have gone too far... Long jail time would indeed be appropriate. 100k can be worked off flipping burgers, 200 mil never will.

1) Train ML algorithm with news text as input and return (or whatever) as output 2) ??? 3) Profit! (About as likely to be profitable in naive implementations as the Underpant Gnomes' schemes, but anyway.)

Not necessarily for OP, but given some respondents in this thread: ExpectedProfit = SizeOfWin * Accuracy + SizeOfLoss * (1 - Accuracy); 0 < Accuracy < 1 What matters is ExpectedProfit > 0, not Accuracy ~ 1 (or Accuracy ~100% in percentages), which carries hidden tail risk where SizeOfLoss is...

lol prior to reading this I thought onlyfans was some kind of porn site for women to get desperate males to pay for some graphical stuff. Is thread title a joke or not? Video not starting when clicked for some reason.

So after reading about this, my impression as a Swede is that the US wash sale rule is bad and that it frankly would make more sense to encourage wash sales. When you are reducing your taxes by exiting a losing position, you're not doing it because it's fun, you're doing it because you at that...

:D

Hahaha excellent photoshopping. The irony being it's not very far from the truth either.

Finally your backwards country might fix itself in fact. The idea that the country printing the world's currency cannot afford to keep 1st world living standards for the whole population (infrastructure included), while having a large degree of unemployment and employment in dubious service jobs...

Ah yeah, suspected as much. It sort of ties in with what @fan27 mentioned above as well. I hope OP's brother gets paid. :p

Define 'bad'. My experience is that it's possible to write high quality code that comes nowhere close to solving a trading problem - that's why this is a potentially very depressing business for a software engineer.

About robustness of that: Am I right in assuming you intend to get fills similar to open and close price respectively? Another layer of backtesting you could do would be on intraday data then, because the fills achievable IRL may be dissimilar from open price, particularly if the edge/trade is...