WindyCity FinTech

FinTech | Startups | 😇 Investor | #fintech #finserv #blockchain #lending #exchange #bigdata #machinelearning #capitalmarkets #crypto #AI

[Chris Randle @crandl]

Traders are waiting for the #CME futures markets to open at 5:00 CST. The early call is for stocks to open down by 1.5-2%.

#Oil watchers also expect crude oil $CL futures to gain 5% or more, most likely due to Iran's closure of the Strait of Hormuz. JPMorgan's chief commodity strategist, Natasha Kaneva, recently outlined this in a "worst-case scenario". The note cautioned that a severe outcome could send oil prices into the $120-$130 per barrel range. Ships set to cross the Strait of Hormuz made a 180 degree U-Turn at ~8:15 AM CST Sunday morning, about 10 minutes after the announcement by Iran’s parliament.

$BTC and ETH spot markets are the only markets open at the time of writing and are lower by 4% after the U.S. bombing of alleged Iranian nuclear sites.
#markets @zerohedge

[Chris Randle @crandl]

PONDERING
Success in #trading is not about every trade, and in tennis it is not about every point.

You can be one of the best traders ever and WIN less than 50% of the time.

Roger Federer will go down in history as one of the greatest tennis players ever and ONLY won 54% of his points.

Perfection is impossible!!!
#Federer #tennis #MindsetMatters @paxtrader777 @ToppingCapital @ramahluwalia @yieldoppression @40in20out @TheOneLanceB @steenbab @sspencer_smb

[Chris Randle @crandl]

Reading "Reminiscences of a Stock Operator" by author Lefèvre for the 4th or 5th time.

I always find a new nugget of wisdom, inspiration, or insight from this book after 30 years in the trading trenches.

This time, my takeaway is the timeless trading and risk strategies that Jesse Livermore used, which are still the main foundational concepts of many current-day teachers. This classic trading book has many valuable lessons, both good and bad.

I recommend the following current day follows
@MikeBellafiore @TheOneLanceB @steenbab https://t.co/9VHqSzovCl @mrtopstep @AnthonyCrudele @Topstep @LindaRaschke @paxtrader777 @tradertvshawn @40in20out @ramahluwalia

Some main foundational concepts are below, with some help from Google Baird AI.

[Chris Randle @crandl]

Lot of FUD out there, so lets look at most recent data from Genesis Lending Q3 2022 update (Sep. 30). What's changed @GenesisTrading @DCGco ?

~87% of lend portfolio highly liquid BTC, ETH, USD, stablecoins
~Active loans outstanding $2.8B
~12.7% of book in other or shitcoins

[Chris Randle @crandl]

Sucks for Chicago. Is @CMEGroup and @CBOE next???

Wake up and control the crime @chicagosmayor @LoriLightfoot

[Chris Randle @crandl]

CRYPTO MARKET CRASH! It has been a train wreck the last 5 days. #HODL

#BTC drawdown ranks as the second worse drawdown since 2017-18.

#Bitcoin #CryptocurrencyNews #cryptotrading #markets

[Chris Randle @crandl]

Traders and investors have no clue how cheap is cheap. Living thru 2001-02 and 2008-09 beatdowns, when you think the recent high flyer #stocks #trading down 70% from ATH are cheap, they went down another 50% in subsequent months.

BE PATIENT AND WATCH THE FLOWS.

[Chris Randle @crandl]

A WIN for #crytocurrency sector. We were expecting stricter regulations. The media clickbait of a regulatory ‘crack down’ is overblown. 🚀

The reporting of #crypto transactions >10k USD is in line with existing obligations for cash transactions. #bitcoin

https://t.co/tweDjMQmQw

[Chris Randle @crandl]

Yellen is not going to mess with separate capital gains tax for #crypto. U.S. tax system already too complicated.

More likely is #CFTC or #SEC cryptocurrency transaction fee.

What u think #HODL community @blockworks @Cointelegraph?

[WindyCity FinTech @WCFintech]

@crandl @CMEGroup @Nasdaq @CBOE @ICE_Markets @coinbase @LMAX @Gemini @ErisX_Digital @krakenfx @BittrexExchange I’m sure all the private #crypto exchanges being courted by #SPAC sponsors after sky high @coinbase valuation.

[Chris Randle @crandl]

Ethereum futures started trading @CMEGroup. So far 24 futures contacts traded. Each contract worth 5 #ETH

Nothing like mixing a few @SuperBowl bets with Ethereum futures for a Sunday night dopamine hit. 

#crypto #BTC

[C2 Capital Management @crypto_c2]

Totally agree. A prime broker #Crypto loan/borrow program is a necessity for long-short #hedgefunds

[Futures Magazine @FuturesTradeMag]

Illinois officially shuts down for 14 days. Immediate stay in place order. Quarantine the best action to reduce virus spreading. #economy #Chicago #SPX #ES_F

[Futures Magazine @FuturesTradeMag]

We are hearing lower data fees and trading fees are being demanded by many traders on #stock and #futures exchanges. There are a couple #startup #exchanges that could pressure fees in futures #trading like @ErisX_Digital @small_exchange @memxtrading

https://t.co/qWiFv4yZYz

[Futures Magazine @FuturesTradeMag]

$TSLA traders ringing the bell...

[Futures Magazine @FuturesTradeMag]

TRADERS: Track the #Coronavirus in near real-time through this dashboard created by the Johns Hopkins. Such a great example of how effective #DataVisualization benefits everyone: https://t.co/cbI4IjtgYy

#Trading #traders #soybeans #oil #WTI #bigdata #opendata #futures

[Futures Magazine @FuturesTradeMag]

ErisX launches #crypto futures and physical exchange with robust regulatory footprint and team to pass high standard institutions and retail #investors due diligence.

A good read on @ErisX_Digital year in review.

#bitcoin #cryptocurrencies #hedgefunds

[Futures Magazine @FuturesTradeMag]

ErisX to launch futures market tomorrow, according to notice reported @TheBlock__

@ErisX_Digital will give #traders access to crypto #futures on a regulated exchange platform. In addition, Eris has spot access on same platform.

https://t.co/2s36CSPB9T

$BTC #bitcoin

[Futures Magazine @FuturesTradeMag]

BLOCKCHAIN QUESTION? What's market view📈 on #ProofofStake (PoS) as #blockchain consensus algorithm where creator of next block is chosen via staking-process as opposed to a mining process like #ProofofWork (POW)?

@willywoo @MarkDavidLamb @fintechfrank @TomerFederman #bitcoin

[Futures Magazine @FuturesTradeMag]

BitMEX Copycats Continue To Dominate Crypto Settled Derivatives Launches https://t.co/LBEc1reNAv

#bitcoin #Ethereum #BTC #blockchain #FinTech