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Quite honestly - factory corporation scale farming has been squeezing out independents for decades now. My family sold out to a private equity group in the late ‘90’s and now they run the operations on contract. 4000 acres, several hundred head of dairy cattle, robotic milking stations...

If you make enough money trading you can always deduct the cost of backup power generation :D:strong:

Learn this well: https://www.cmegroup.com/trading/interest-rates/files/TreasurySwap_SpreadOverview.pdf Under the “Trading Resources” section the “Current Treasury Spread Ratios” link will usually be updated every roll due to changes in the CTD cash instrument. Note that for some products like...

One might argue that your success today was more about showing patience and choosing an advantageous entry and not about averaging down per se. Which is likely the salient point to it all.

I wouldn't be surprised to see the Fed adopt a more aggressive tone in terms of rate cuts in the coming months. The EU and China are openly depressing their native currency valuations versus the Dollar. I agree with you about the joint grievance to a certain extent - China would have...

Wow, quite a bit to unpack here and I will not WAG a success rate answer. But I have an opinion about what types of new traders are more likely to fail than others. Day trading - that is manually "scalping" highly automated electronic markets with a 'barely adequate' account capitalization...

How do you know that it is “investors” bidding up Crypto and not North Korea?

“Price Action” is a fluid definition that has most definitely changed over time. So is “scalping” for that matter. I’ve been following this thread and am convinced that there are at least three separate conversations running in parallel. Of course, I started out in the Bond Pit scalping and...

I’ve noticed that every Chinese person who’s made any sort of money has “one foot in and one foot out” of the Country. Speaks volumes.

So Beijing Doxxes US Diplomats in Hong Kong - including releasing the names and pictures of their children. Sounds like a thug move. Or a dick move.

If you can wait for a position to turn green and then ADD to it - the worm will turn for you. If the market’s really moving you might have to step out and hit a bid or lift an offer but that strategy can build fortunes.

I’ve seen it all too often. One of the very best Bond Pit Traders - Chip Kenyon, called it a ‘disease’. :caution: From what I’ve seen over the years, it’s the primary cause for traders having monster down days - like giving away a month in a day or much worse.

Ever notice the warped self-destructive tendency for traders to add to losing positions under the delusional guise of “averaging” - but only the smart swinging dicks seem to be the ones to keep their powder dry when they’re underwater but then they press the living shit out of winning positions...

Draghi playbook 101. Schatz Yield -0.850% on freaking Two Year paper. And the ECB has told European Banks to expect lower more negative rates. And it’s working - the € has weakened substantially versus the Dollar and Powell is way behind. More nuanced than Tariffs or a Commie Party Bank Desk...

Very interesting twist - thanks for the post. Now we have some clarity about who’s been buying these dips.

Central Banks all over the world are either BUYING Dollars or aggressively lowering interest rates in order to deflate their native currency versus the Dollar. In other words - the entire world financial system wants a strong Dollar. Exhibit 1: Draghi and the ECB; Exhibit 2: People’s Bank of...

Oh, I’d love to hear from someone who has ‘successfully’ day traded with EW. Be a first for me - and I’ve been at it since the ‘90’s. I’ve shared offices with hundreds of electronic Day traders.

Clean. GE is out of nuclear - sold to Hitachi. Even when they had nuclear it was less than 1% of their revenues. And the BWR design has a few negatives from an practical operational consideration.

I read the linked report and it has some problems. Yes, Black Rock hung on to absolutely crap losers like General Electric - rode them all the way down. But GE’s troubles are hardly confined to fossil generating power. Not by a long shot. Jeffrey Immelt had a sixteen year string of...

It means that Elliott Wave theory can be made to fit any scenario the user wants. You can make a bullish case or a bearish case using EW at the same point in time. In fact, if you’ve ever used Elliott Wave software - you’ll find that previously established wave counts change over time. For...