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What sell off? But that is fine, can either use the cash that has not been used elsewhere or sell some other assets if it has.

Dip buying index futures has worked well. As it should in a bull market!

Ok but i would have thought the freeing up of so much capital by using futures instead of etfs, could be used to make investments elsewhere which would more than offset the tax differentials. In fact, this is a strategy I already deploy...I bought dow and nasdaq futures (which my broker rolls...

Sounds good. Third largest foundation in the world.

Great comment. Smooth equity curves FEEL good though*. For those who can't handle a volatile equity curve, just trade a smaller account. *actually it's more the other way around...volatile equity curves feel bad!

When i was a market maker, I think i only had 1 losing day in a month on average. Human (and indeed animal) psychology. People (and animals) don't like to lose. Risk aversion.

Do u own (or are interested in owning) any other cryptos?

what do u mean?

Does the same tax treatment apply when held in your IRAs?

Don't see why...you tie up so much more capital holding SPY than buying ES contracts. Maybe 10x as much. The risk reward profile is pretty much the same. The cost of rolling over every quarter is miniscule. In fact you could just buy 6 month out futures and roll over twice a year. Maybe there...

Have u sold out completely? Or do u still own some bitcoin?

I just don't understand why anyone would buy SPY over buying ES for a buy and hold type strategy.

He had an edge called Price Drivers. He had to leave.

Go trade options.

It's the system....take advantage of it.

I think maybe another 5 to 10% up by end of year...so 2850 by year end? Could happen.

You ain't the first. You can't even do basic research. This is why trading works.

You just have to find something that makes money and keep doing it....until it doesn't. For example, buying the dips in the es seems to have worked for years. If all traders just did that and nothing else, it would be 100% profitable traders!

Buying futures makes sense if you are restricted from putting more money into the tax free retirement account.

Most of them are probably dead by now.