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I try to keep things simple when it comes to oil ETFs. Back when oil was around negative territory, I purchased 15K shares of XEG for an average price around $4 which within 24 months is inching close to 4x that. My main regret is that I did not put in a whole block-order purchase, but I was...

Walmart Inc. (WMT) I'm not so sure, after all it's been run up during the pandemic and even the millennial investors have been bloating it up. Still, PE looks around 30 so it's not terrible in the current environment. Personally, I'd rather see WMT stop paying out the useless dividend and put...

I remember my FIRST fat-finger options order that literally threw money away. After that I check and double-check estimated margins before I hit the final submit. That's saved me many times over my initial value lost. I guess it was a good lesson paid for the first time. :banghead:

Been anticipating this for a while. Unfortunately there is still no registered webinar for IBKR on this new product (yet). Options on Micro Bitcoin Futures and Micro Ether Futures https://www.cmegroup.com/markets/cryptocurrencies/micro-bitcoin-and-micro-ether-options.html

Current holdings are Cardano’s ADA with a 24.6% weighting, Solana’s SOL at 24.3%, Avalanche’s AVAX at 17%, Polkadot’s DOT at 16.2%, Polygon’s MATIC at 9.7%, Algorand’s ALGO at 4.3% and Stellar’s XLM at 4.1%...

Easy, try trading crypto for a while. After your first couple 50%-70% drawdowns or so (thanks Elon Tweets!), you start to get hardened up pretty quick. Equities are a breeze after that, even the crash of '87 looks like a walk in the park after. 7-standard deviation moves? Phfffft. Nothing to it!

I knew that ZeroHedge wouldn't miss a beat on this woke story either... :D "With record commodity prices, rolling power shortages, widespread demand destruction and gas stations that are about to run out of diesel, Europe is learning the hard way why leaving your energy policy in the hands of a...

Of course, one is a spare. Only a poor person drives a car with no spare tire in the back. Think a little man!

Chanos couldn't figure it out either, so he shorted the fuckers while Wall Street kept pumping them up... Turned out to be a great trade! He looked like a genius after that (for a while). A lot of people think Chanos has gone off his rocker these days because of his failed short in Tesla, and...

Interesting, I just found out there was also a second Enron movie/documentary made: The Crooked E - The Unshredded Truth About Enron (2003)

I was too lazy to post my Friday trades (maybe I'll get to it later). For now, an update.. Seems my first ever Micro-Ether-Futures trade has just expired, and since it's cash settled.... Drumroll please... I made money! Close to a whopping $74. I guess I am a born natural. :) Next time...

Only on a fat-finger order. I short PUTs, and never buy them. Usually when I feel like making the purchase on PUTs, the slippage is too much and the premiums already rose too far for my tastes. Now, if I had Pelosi's crystal ball, I'd be purchasing PUTs like Ray Dalio and making them print...

I had to find another 5 bucks to fill my shopping cart for free shipping. So I loaded up on a couple more Bitcoins. Worth the trade? :D

It is totally clear to me... A white person who was using their white privilege to attack by using her micro-aggressions by intimidating those innocent and oppressed men of color finally got some social justice and karma her way. Thank goodness there were no evil white cops around to make the...

To me, it's always been common sense. Ridiculous high PE does not end well. But for some reason, common sense never applies to the markets. Once people feel they are missing out, euphoria kicks and everyone wants to think "This time it's different!". When I was in university I watched the 2000...

Looks like even Seeking Alpha is beating up on COIN now... https://seekingalpha.com/article/4497656-coinbase-no-coin-made-here https://seekingalpha.com/article/4497820-short-coinbase-beware-hollow-platitudes

I watched the documentary movie "Enron; Smartest Guys in the Room". But I am not sure if it's just the visualized version of the book "Smartest guys in the Room." Since they are both about the Enron fuck-up, I had assumed it's one and the same. Now I'm not so sure. Worth it if you've watched...

To be honest, with the rapid inflation we are already suffering through, this won't be any hard feat. And to further add, 1K per barrel of oil would not be that big a surprise in 5 years either. Thanks again Biden for canceling the Keystone. (sarcasm for those tree-huggers who don't get it)

And, onto the next book....