Guilt by association.
I heard Hitler liked peanut butter. And I heard you like peanut butter.
Are you a Nazi?
Bulls crushed, halving a nothing
- Thread starter NewTraderAdventure
- Start date
Guilt by association.
I heard Hitler liked peanut butter. And I heard you like peanut butter.
Are you a Nazi?
but the risk offsetted specialy after large gain might be worth it
Well, first of all thanks for initiating a civilised discussion. When you feel at home and have found a place in the US markets then of course you stick to it. Why would a baker scoff at a butcher because he's trading meat instead of wheat
To adress your questions, I still trade US - markets, mostly rates and FX stuff like Eurodollars and Fed Funds. But I don't trade them as a source of edge but rather as a hedge to balance out my portfolio.
I have traded basically everything and anything that is available but found my niche in spreading and risk - arbitrage stuff.
To replace crypto with anything is not really possible I'm afraid. It's a level playing field that is complex and fragmented and there is no other market that offers all of these features.
They're either complex but you need an ISDA and serious money to do anything, or it's not fragmented like US futures and competition kills you or it's a level playing field but not complex like microcap stocks so it becomes to risky.
In crypto, anyone can connect to an exchange without paying huge money for priority datafeeds and can trade anything and build any portfolio he likes. You can be a bank with an actively hedged borrowing/lending book with just a couple of bucks, no license required.
Wanna set up an index arb operation, trade a dispersion portfolio or play on the forward curve? You can do all that with less than 500$ in your pocket.
So while I'm still doing the majority of my volume in other markets, I advocate crypto especially for retail because of this. Imagine you had the chance to trade on the floor when the first index futures were introduced or the first Eurodollars, how much of an opportunity you could have had because you were right at the frontline of development?
Now you have the once in a lifetime chance to see a market grow from the very beginning, be a part of it and learn without breaking the bank
Without disclosing any of your edge, is Cryptohopper something you're familiar with and have an opinion on? Bored working from home and you have provided some excellent info with your posts.
Just opened a new crypto exchange account and cryptohopper account from a VPN overseas, so anynymous, no names, only fake emails. I'm confident to stay anonymous on cryptos, I'm thinking of throwing a couple of thousand $ worth and play with trading (while waiting for the crypto bull market).
https://www.marketwatch.com/press-r...o-trading-bot-work-or-is-it-a-scam-2020-04-28
thb, I think it's a very goofy way of trading advanced strategies. The market making and arbitrage stuff is 100% BS, this kind of free money is long gone since HFT shops have taken over.
I'd rather dive into the derivative space, especially options. From my understanding you're more of a longer term investor, so it probably makes sense to learn how to improve your return profile -> more consistent rewards and less drawdown during nukes.
Skew is so ginormous that simply selling a call strip against your HODL portfolio makes a huge difference
I looked at cryptohopper. I'm not impressed. I think it's sort of pump-n-dump. The tipsters leave people holding the bag that are paying them. Meh.
Hear you 100% and you're correct that I'm a longer (forever) term crypto investor which is at odds posting on a site geared for trading. I'm not at the point of laying off the risk of cryptos' volatility, but your description of the drawdown is fair given that during the last half of March caused mark to market losses of more than my yearly salary.
I'm not completely unfamiliar with options (traded calls and puts in the past, longs only) and while it would have been great to have sold calls against my holdings during that crash, I fear it would have completely decimated my portfolio with the rebound and my inability to time the trades. Plus, most of my holdings are in a staking coin (Tezos) and since I'm a solo-miner, my coins are locked validating the network and blocks and getting rewarded more coins in the process.
Somewhat related to your posts is that I traded a small portion of the portfolio a week ago to 0x so gave me a chance to look into more stuff in your posts.
Thank you for the feedback, I will most likely lose (small) amounts trying to learn to trade
I believe it can be used as a trading platform, can create strategies and it will execute the (automated) buys and sells to the crypto exchange. I figure I got a lot of time on my hands and there's only so many youtube videos and movies I can watch, why not learn to trade?
The more likely scenario is that I will lose money, but since I don't trust any exchange, I don't see a need to leave more than $2K worth on the exchange for longer than 24 hoursAnother plus for cryptos is that one can open an account with no PII provided and fund it in 30 minutes (longer if you want anonymity, i.e. m0ner0 as intermediate transfer) and same with the withdrawal process, 24/7/365 to a bitcoin wallet.
I believe it can be used as a trading platform, can create strategies and it will execute the (automated) buys and sells to the crypto exchange. I figure I got a lot of time on my hands and there's only so many youtube videos and movies I can watch, why not learn to trade?
Another plus for cryptos is that one can open an account with no PII provided and fund it in 30 minutes (longer if you want anonymity, i.e. m0ner0 as intermediate transfer) and same with the withdrawal process, 24/7/365 to a bitcoin wallet.
you big on anon
when (not if) they hack and steal your money, who ya gonna call ?