ponzi _alchemist

slot machine digger ~ occasional wave rider

[ponzi _alchemist @ponzialchemist]

Trading is the most democratic activity in the society.

[ponzi _alchemist @ponzialchemist]

@Globalflows Got it, thanks

[ponzi _alchemist @ponzialchemist]

@Globalflows Hi Brother, solid work from you. Curious to know what's your outlook on the housing market for the next 3-5 years? Do you see home prices also moving higher along with the risk assets? Or will it stagnate with rising interest rates? Thanks

[Jay Yang @Jayyanginspires]

This quote from Steve Jobs lives rent free in my head…

[TraderMir ‎ ✮ @OptionsMir]

some ingredients for a bull market;

1. rotation. money doesn’t disappear it rotates.

2. wall(s) of worry. once they’re gone everyone’s in & there’s no one left to buy.

3. stocks not reacting bearishly to signals perceived to be bearish. there's very little the market doesn't price in.
it’s remarkably efficient & can be seen every week via expected moves

[ponzi _alchemist @ponzialchemist]

@SwingTraderQ nope, consolidation below resistance..

[ponzi _alchemist @ponzialchemist]

@vtchakarova Now, what if China decides to attack Taiwan?

[Sid Prabhu @sidprabhu]

They largely buy at the top because they are short the correlation of BTC prices and funding markets, so when the market trades down like in 22 they don't have access to cash and when they do have ready access to cash BTC is near the highs. This wrong way correlation risk creates a drag on their execution (Their avg px is already near the ATH from pre election) and creates the ultimate risk that capital markets are expensive to tap when their bonds are puttable or mature and their only access to cash is selling BTC - creating a self-fulfilling spiral that is the mirror image of the virtuous cycle that is attractive to many now.

[SpotGamma @spotgamma]

This feels like Dec '21 to me. The market was up a ton and things were so frothy before the Fed decided to shift policy.

The $SPX tanked ~4%, caught the obligatory end-of-year bounce, and then met its maker in January.

Backing a recovery bounce: You can also see today that traders want to reflexively sell big percentage moves in the VIX, and probably are emboldened due to "holiday theta".

Additionally there are a lot of 1DTE puts that were worthless yesterday AM, that are now worth something to sell today.

But overall we think that yesterday was more of a spasm and warm-up vs the full move.

[Jevi @jevidon]

Time it took for bitcoin to add a zero to its exchange price:

$100 - $1,000: 1,015 days
$1,000 - $10,000: 1,789 days
$10,000 - $100,000: 2,563 days

Each period took 774 more days than the previous period. If this trend holds, bitcoin would hit $1m in 3,337 days - Aug 25, 2034.

[Dylan O'Sullivan @DylanoA4]

There are whole books on psychology that don't get anywhere near this paragraph from Dostoevsky

[ponzi _alchemist @ponzialchemist]

@BenzStanzie Your calls have been great, cheers!

[ponzi _alchemist @ponzialchemist]

@CallMeShylo @hongwangusa @618fibtrader @LearningAlways_ is this ES or SPX?

[Goshawk Trades @GoshawkTrades]

Jim Simons' (one of the most successful traders ever) opinion on fundamental trading.

"it just didn't seem to be a way to live your life."

[ponzi _alchemist @ponzialchemist]

@iv_technicals december 10?

[ponzi _alchemist @ponzialchemist]

@MegaTrader007 @rbswingtrader because markets drop and bounce always :-)

[ponzi _alchemist @ponzialchemist]

@BenzStanzie Thanks

[ponzi _alchemist @ponzialchemist]

@PhilSmith_1 run up to election from here but no new ATHs, final flush to new lows year end before the next bull leg.

[ponzi _alchemist @ponzialchemist]

@ndtv @elonmusk