Baron's Crypto Trading Journal

Rams Fan said:
When all was said and done, quite a few had Refco accounts with zero balances.
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Destriero is lying. I never posted a Refco statement with a zero balance. I removed all private information from the posted statement. The only zero balance that was shown was the OPEN TRADE EQUITY. But Des is too stupid to understand that a daytrader ALWAYS has a ZERO balance in OPEN TRADE EQUITY.That's why I did not remove it.
I never have any open positions overnight, so OPEN TRADE EQUITY is always zero on any of my daily statements.

https://www.investopedia.com/terms/o/open-trade-equity-ote.asp
What Is Open Trade Equity (OTE)?
Open Trade Equity (OTE) is the net of unrealized gain or loss on open derivatives positions. Put differently, OTE is the paper gains and losses represented by the current market value and the price paid (or received) for a position. Once the position is closed, the gain or loss will become realized.

Here is the posted statement:

refco statement.jpg


He also mentioned that at that time Refco had no paper statements anymore. According to him they only had electronic versions. Again not true, I still have several paper statements that were even more recent then the published one. He probably did not have any account at all at Refco at that time.
 
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semperfrosty said:
and he was obviously having a shot at MW.

weird and wild stuff!
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It was not mentioned that he was shooting at M.W. as he did not use REPLY.
And at that moment they were shooting at me. So I assumled it was against me. He attacked me already before...

If never used all the information that I have on Destriero. But to me he was attacking me, so that's why I reacted. It was a bridge too far.
There are already enough lies about me going around on ET.
 
schizo said:
Virt, my good ol' friend, in order for them to believe you, you need to walk the walk and not just talk the talk.

As such, when can we see your trades in REAL TIME? I prefer that approach over broker statements, which can be doctored (although why anyone would do that is beyond me). Considering that it's not too hard to find 5 minute ES bars having 10 or more points these days, posting 3 point trades shouldn't be too difficult IMO.

If you can do that consecutively for at least 4 weeks, why should anyone doubt your words, right? So can I look forward to your trades come this Monday?? (You can head over to the ES Journal and start posting your trades.)
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You clearly don't read my posts...
 
tango29 said:
3 points in what, the ES? So, roughly 70 contracts. It would be awhile before you are doing 70 contracts starting with $500. It also assumes trading 50 weeks of the year and no losing days, which could suck on a 70 contract trade. How about you go 10 contracts and 20 pts. a day? Somewhat realistic in the current markets, but the again the dog days of summer could make that not too realistic.
50 weeks a year is pushing it for me also. Between what feels like a holiday every month, and vacation or family obligations, I haven't ever traded 50 weeks out of a year.
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It would take exactly 121 trading days to reach 70 contracts and the account would be at $206,760. Net after slippage and commision.
 
Buy1Sell2 said:
I'm curious about something Baron-----any idea why FTT would still carry any worth and looks to be gaining value as well?
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This is an interesting, and ontopic question that I also wondered about.

Here are a couple of possible answers from Binance owning a bunch to shortsellers covering and driving the price up:

old.reddit.com/r/CryptoMarkets/comments/yta1s5/why_ftt_is_not_zero_yet_serious/

I like this answer best:

"The same reason why LUNC has price swings: pure unfiltered degeneracy"
 
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