Forerunner AI and Monitor of Line Installation 1-4. Unethical and have no regard towards a beings consent for inspection - art powered by
@where_is_hardo
& co
little personal note:
started trading last week of may 2010. Am now officially more than 15 years into this. Never had a paycheck nor clients, and if u told me to try again same way i would cause thats how mental illness works.
Thx to the buyside for being opinionated and
trading is just decision making under uncertainty and it certainly isn't a game, its a serious business. Models and planning are nice until an aggressor with size shows up.
Trading is a pure data / information game.
Shitting on math / stats because you are too bad to learn it is literally just a big cope.
It's obviously not about just randomly slapping different models together but knowing when to use each one and why.
In the beginning God created the bid and the offer.
And the DOM was without form, and void; and darkness was upon the face of the deep. And the Spirit of God moved upon the face of the DOM.
And God said, Let there be options: and there was options.
Legitimately it takes me about 5 minutes of looking around at the various charts for me to get a sense of levels - this is for Spooz and NQ
It should be very obvious where you are looking to engage
Time better spent looking at absorption and pace of the tape
Short primer on S&P 500 Derivatives Market Structure
A core thing to bear in mind is that these are derivatives. They are made out of securities. In this case 500+ names of the largest listed businesses in the US. Its a key thing to remember because there are many large
Sam Altman says increasing AI capabilities will require some change to the social contract, "the whole structure of society itself will be up for some degree of debate and reconfiguration"
this stuck with me
“Never, ever, think about something else when you should be thinking about the power of incentives.”
— Charlie Munger
real one who bet more
The point is, ladies and gentlemen, that bet more, for lack of better words, is good. Bet more is right, bet more works. Bet more clarifies, cuts through, and captures the essence of the evolutionary spirit.
macro is just a cute way of saying u mostly sling some equity index products for the culture and a bunch of interest rates u prbly shouldnt even touch.
if it were truly macro there should be a line item somewhere where u are 10% of the OI in cocoa or smth, give it a rest son.
feel this is misleading, volatility is a feature of any market, else u wouldnt need a market. Dont see why we shouldnt have these moves, just cause u find the chart odd and can't explain it, just means u're missing smth about the market.
NEW ODD LOTS:
In the first of our series of episodes from Jackson Hole,
@tracyalloway
and I spoke with Stanford Professor
@DuffieDarrell
about liquidity and volatility in the US Treasury market. And how to prevent incidents where "safe" assets go bad.
traders are in fact built, u gotta want it but at the same time its a massive life hack to be around someone who has been through the ropes [and there are no shortcuts, no easy solutions, looking at you mostly crypto bros].
When a host tells you “there are black swan events”, it is usually to remind you that you are only a normal (Gaussian), and that the distribution is not yours, and you should be very careful in observing the standard deviation.
All this talk about derivatives math.
Utterly clueless as to the various mathematic concepts that power todays derivatives.
All i know is that dude keeps paying offer on those puts and everyone is balls deep long that upside.
thought I'd share the core two and a half non-book resources which got my ass started trading rates, mostly so i dont keep getting my balls busted in DM ("yeah Prism but how STIR?"). Just a home grown spec. Other than doing it, no one can help u really.
Stock goes up and u don’t like it? Market makers
Stock goes down and u don’t like it? Mm Skew bid and ur short? Market makers
Beer comes to the table warm? Market makers
Trying to have a serious convo with ur girl and she “deez nuts's" u? Market makers
"You're a fraud. You're an absolute fraud." -
@CMEGroup
CEO Terry Duffy recalls his encounter with Sam Bankman-Fried last March.
Listen to the whole interview with Terry,
@RiskReversal
&
@GuyAdami
:
the richest finance people got filthy rich going giga long businesses yet you wanna go long a strat on some "macro products" with a pretty backtest 😂😂😂😂
just go and put the kettle on
Flows are just positions being liquidated or added. There are no flows without positions and vice versa. Even if smth is being originated upon on a primary capacity there is someone involved exiting a position.
2) Post pics about your hobbies
Women love men with great hobbies, because these men are never bored.
Showcase some of your adventurous days and she'll pray for you.
Women love fun men with fun hobbies.