US equities trader. I dabble in some crypto as well.
Sharing my insights on trading, financial markets
Please limit stablecoin exposure
#SPX#Ethereum#Bitcoin
I wish to underscore that stablecoins offer considerable utility and hold a promising future within their designated use-case. However, I strongly advocate reduced exposure to these instruments, thereby mitigating the inherent black swan risks associated with actors such as #USDT
@jacksonhinkle Mao Zedong. That is the sum of your misguided Michael Moore logic.
What the Chinese have now is more capitalism than ever before in their history.
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As an engineer at Alameda Research, I had my entire life savings stolen from me by my former boss: Sam Bankman-Fried.
Now, after months of recuperation from the craziness of the FTX collapse, I’m ready to tell my story.
Let’s start at the beginning:
(1/25) 🧵
#SBF#FTX
Successfully exited my short position on #QQQ via $SQQQ inverse ETF, yielding roughly +10% return. This marks one among several currently active positions in my portfolio.
@NotChaseColeman Can definitely attest to Canadian exchanges staying away from $USDT with a 100 foot pole at this moment. $USDC is the only stablecoin you're able to trade to and from afaik
Don't just go with the flow. Create your unique trading approach, have faith in your analysis and advantage, even if it contradicts the prevailing market sentiment. #trading#crypto#SPY#SPX#binance
Successfully exited my short positions on $ETH and $BTC, yielding roughly +10% return on each. This marks one among several currently active positions in my portfolio. #CRYPTO
@WifeyAlpha One of the hardest things to explain to the newer trader/investor is management of position sizes in order to reduce risk. You take one L and that is what everyone remembers, likely due to followers who oversize on the trade.
@NotChaseColeman@CMEGroup Interesting. Was under assumption most US based exchanges don't mess with futures for their regular clients. Wonder if the offering was to people who are from jurisdictions that qualify for derivatives? hm.
Successfully liquidated my Delta Air Lines ($DAL) short position, yielding a 9% return, yesterday. This marks one among several currently active positions in my portfolio.
Successfully liquidated my modest $TSLA short position, yielding a 10% return, yesterday. This marks one among several currently active positions in my portfolio.
@NotChaseColeman My primary concern regarding the ongoing discussions about Tether's transparency is their ability to promptly resolve the matter by demonstrating full backing. However, their capacity or willingness to do so seems limited. Why?
Successfully liquidated my modest $SOXS position, yielding an 11% return, yesterday. This marks one among several currently active positions in my portfolio.
#PPI figures show a slight overperformance at 0.3%, surpassing the projected 0.2%.
Given that producer prices typically foreshadow consumer prices, this reinforces my perspective of prolonged higher rates, with inflation potentially settling around the 3% mark.
@RedHotTrade Nothing wrong with this. I've been trading equities for a long time, but just started testing the idea of running my own private discord. Have some of my friends inside following my trades and making money for 12-14 months now. I will be charging monthly soon as well. $SPX $SPY
1) Following a substantial initial surge, the $SPY and $QQQ have relinquished nearly all of their early gains. A day of stagnation or decline in the markets would mark a significant victory for the bearish sentiment, potentially signifying a continued downward trajectory.