Baghodlers are regularly pouring money into this pyramid scheme. Good for them.
The negative thing on this is the last move by crypto were not very spectacular, but still even if just a few baghodlers get excited and fomo as it goes up, there is a bit of exploiting to be done...
> Another day trader bites the dust: Youtuber & gambler Garage Day Trader "no red month" vanishes without a trace 🤣
They never stop delivering. I am delighted. Another dumb day trader "trade for income like any regular job" with "no red month" sharing his mighty success on youtube gets wiped out.
Some people warned him in his comments, he...
Between 1990 and June 2000 the median hedge fund (there are not that many that started in 1990) had an annual return of 16.3% and max drawdown of 28.5% according to MORGAN STANLEY. Keep in mind the 2/20 destroys profits. (16.3%*1.25)+2% = 22.4%, and 28.5-2 = 26.5%.
So what the median fund actually did I I did not mess it up was get 22.4% return a year and a max...
I posted an idea about the Myth of Warren Buffett Buy & Hold a while ago. Here is a general description of how he became so rich by James Altucher.
James Altucher is a wall street investor with a lot of hair.
You might know him from recently saying New York was dead forever on television, and some actor insulted him on tv because of this.
You might also know him...
You get 7 this time. The last one is sort of an idea of its own, a delicious dessert. I'll try keeping it rather short and get to the point, just lay out the facts and maybe add a little bit of satisfactory gloating here and there.
> Reports of Interactive Brokers freezing some clients accounts for months with no comm since they got fined by FINRA...
Well done. Central banks did a great job. "QE worked and got us out of a recession". "The old models do not apply anymore" and bla bla bla this time it's different.
Dumb money made a dramatic entry in the markets this year, individual investing in volume terms went from something like 10% in 2019 to 30% in 2020.
And this includes market makers so retail you could...
Plenty of people make money in the markets. Not day traders thought. Intermediaries love day traders, they live very wealthy lives thanks to them.
Market participants also love day traders, they provide much liquidity at any time of the day. ~80% of day traders quit within 2 years.
And unlike day gamblers I am going to probably renew my subscription to...
> Idiotic day trader with 96% winrate and 10 to 1 risk to reward, that sells courses for $99 a month, posts his enormous losses on social networks
"Madaznfootballr" took an enormous loss yesterday, blames "manipulation" and says "he'll make it all back" with his incredible gambling strategy.
No idea if it is a simulator, but he only posts his gambles after the...
The USD pyramid scheme continuing its road to zero after a short term recovery.
As I said back then - idk when weeks ago several times - any usd "recovery" is just an entry to short the ponzi at a good price.
I would not pick any lame tiny pullback and I would have a small stop but not too small I can't (can anyone?) be precise.
But I think unless the USD crashes...
Finally! I am glad to hear those good news.
Effective 6 January 2021, the FCA banned marketing and distribution to all retail consumers of any derivatives (ie contract for difference – CFDs, options and futures) and ETNs that reference unregulated transferable cryptoassets by firms acting in, or from, the UK.
The magic bean asset being what it is, the FCA warns...
Hahaha booooy! Back in my October 1rst idea "A quick look at funded trader prop firms" I wrote about prop firms, and through an extremely rare gift I have called just looking at the evidence rationally without any hype or emotions, I figured out "what's the difference with leverage other than giving away some of your profits?".
Little did I know at the time, the...
> Argentina: We WILL win the race to zero. Price goes from a straight line to zero to a sharper straight line to zero 🖨️
Argentina, that basically has been in a depression for 20 years with governments trying their hardest to help, has now a government that figured "hey what we are doing is not working, let's do more of it". Hi I'm Jarvan...
First of all let me note that a few years ago an university professor looked into Buffett history and found that according to filings he had a turnover of 100% (correct if I'm wrong he only checked the 13F they do not show other investment than stocks and stocks that have been held not long enough to be filed).
Also he held 80% of stocks for less than 2...
"Markets rally on Trump recovery"
The low of short selling has bounced
There has been nothing as high this whole bull market even with the bounce to 80k lots short
Back in 2006 the net positions bounced then dropped lower
Short on tech...
A 1 hour chart strategy. Presented to you.
- The price is above the 4 hours 100-EMA
- The MACD & Signal(5) lines are below zero
- The MACD (blue) crosses above the Signal (red) line
- The price is below the 4 hours 100-EMA
- The MACD & Signal(5) lines are above zero
- The MACD (blue) crosses below the Signal (red) line
To keep in...
First I think it is more common for fund managers to do this compared to just analysts, because the top guy has the entrepreneur flame and focusses on his activities 247 as opposed to an analyst that works 9 to 5 for a pay and is not an entrepreneur.
Also, actual professionals that sell courses like this are not as successful as random 20 yos or grey hair...
I hear alot about those and I see alot of ads and get e-mails for certain of those and I am stubborn and refuse to acknowledge the existance of something if they annoy me through ads but I was genuinely curious (that's what they want us to think) because to me "I'm a professional prop trader" sounds alot like "I'm a professional poop sucker".
Is this prop trading...