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Travis Biziorek Profile
Travis Biziorek

@TravisBiziorek

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I am on a mission to build outsized wealth... I regularly talk about Real Estate. Stocks. Crypto. General Investing. Join me 👇🏼

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Joined January 2014
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@TravisBiziorek
Travis Biziorek
4 years
My last 30-days of trading has been absolutely awesome. I started trading more seriously and working harder in May, but hit a rough patch from mid-August until mid-September. I had to take a step back, recalibrate, and reevaluate my strategy. Here are some things I learned.
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@TravisBiziorek
Travis Biziorek
3 months
Millennials love to complain that baby boomers had it easier. This chart is the latest "proof" being handed around. The problem is it's a complete lie. Here's why...
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@TravisBiziorek
Travis Biziorek
2 months
Two years ago we paid $740,000 for our new primary in California on a 5.75% 30-year fixed rate. Everyone told us we overpaid and I had a number of folks tell me we should rent for at least a year, wait for rates and prices to come down. Today interest rates are 7.00% and the
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@TravisBiziorek
Travis Biziorek
5 months
I paid $175 to have the grass cut at 5 of my Detroit rentals yesterday. I'll do this every 2-weeks until the end of October. That means it will cost me $4,375 to have the grass cut this year. My attitude toward this has completely changed. I'm happy to pay it. Here's why.
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@TravisBiziorek
Travis Biziorek
7 months
I have a slumlord friend. No kidding. He owns over 100 doors in D Class areas of Detroit and takes pleasure in squeezing every last dime out of them. It's insanely profitable for him but here's the thing... 🧵
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@TravisBiziorek
Travis Biziorek
5 months
You're selling a house. This is the garage. Give me your best sales pitch.
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@TravisBiziorek
Travis Biziorek
4 months
My buddy is heading to Detroit last minute for business. As luck would have it, my short-term rental isn't booked this weekend. Would you let a friend stay for free?
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@TravisBiziorek
Travis Biziorek
4 months
@FilledWithMoney Absolutely. 12 years ago I had to commute to work. Could take 1-1.5 hours each way to go ~13 miles. $200k/year to do that again... nope. Not worth it.
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@TravisBiziorek
Travis Biziorek
4 months
Before you make the mistake of buying a short-term rental today, consider... Two years ago you could NOT get a Schlage Encode. They were sold out EVERYWHERE except eBay for $600. I just got this for $200 via 2-day Amazon delivery. What's that tell you?
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@TravisBiziorek
Travis Biziorek
5 months
He's local, living right in the neighborhood. He's growing his business and doing well for himself. It's awesome to see and I'm sure other young Detroit kids are taking notice and inspired. Furthermore, this money flows into the community, further strengthening it.
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@TravisBiziorek
Travis Biziorek
7 months
And that's what makes him such a great D Class operator. He loves the sh*t storm of it all. He lives for it. He's a miserable human being but he'd be even more miserable if he weren't... well, miserable.
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@TravisBiziorek
Travis Biziorek
5 months
My lawn care guy sends me pics of the lawns when they are done. Every time he does it puts a smile on my face. I live 2,000 miles away from my rentals. I don't get to see them often. But when I see these photos it makes me feel good. There's some value in that.
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@TravisBiziorek
Travis Biziorek
3 months
In 1985 you were paying nearly 36% of your gross income to your mortgage. In 2022 you were paying 30%. That means baby boomers had it 19% HARDER than millennials. Here's the graph that matters.
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@TravisBiziorek
Travis Biziorek
7 months
If you want to make it in D Class areas, for whatever reason, I am convinced this is the type of person you need to be. I'm not judging. It's just not who I am or who I want to be.
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@TravisBiziorek
Travis Biziorek
7 months
I've also witnessed: - Him get into fistfights with tenants. - A tenant literally burn one of his duplexes to the ground (you can bet he cashed in on that insurance!). - The local news feature him on their 'Hall of Shame' segment.
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@TravisBiziorek
Travis Biziorek
5 months
I started doing this with just 1 house 2 years ago. It was just one guy and a mower. Last year I added 2 more houses, and I noticed he had 2 guys with him and company t-shirts. This year he's got a nice trailer and sending out friendly reminder mass texts. So what?
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@TravisBiziorek
Travis Biziorek
5 months
I've noticed other owners getting lawn service. They're taking more pride in their home's curb appeal. This pushes values higher and attracts homeowners that want to be part of the community. And my guy's lawn care business is growing!
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@TravisBiziorek
Travis Biziorek
9 months
@realEstateTrent That's odd. These discounts are usually inputted in your Airbnb settings so it's all automated if someone books beyond the week. Was he not offering the discount normally and just assuming folks would ask for one? I've never had anyone directly ask for a discount.
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@TravisBiziorek
Travis Biziorek
7 months
The guy's life (let's call him Jack) is a constant reality TV show. His days are spent driving around Detroit. He's constantly putting out fires, shaking tenants down for rent, and yelling at people over the phone.
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@TravisBiziorek
Travis Biziorek
4 years
@GerryDales @profgalloway Right, because we need debates to make this decision... 🤦🏼‍♂️
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@TravisBiziorek
Travis Biziorek
5 months
Finally, my tenants appreciate it! We received this text from a tenant this morning. I added 2 houses this year without even mentioning it to them. It's nice to be appreciated! What do you think? Would you do this in C Class areas?
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@TravisBiziorek
Travis Biziorek
7 months
This is the kind of guy that cheated on his wife. Divorced and shacked up with the new lady. And now hates her too and complains about her + her kids. The dude is miserable. He thrives on it.
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@TravisBiziorek
Travis Biziorek
3 months
If you painstakingly retrieve interest rates, median incomes, and median home prices back to 1965 your graph looks like this. The worst year for home affordability was 1981 where buyers were paying 40% of their gross income toward their mortgage. Ouch!
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@TravisBiziorek
Travis Biziorek
4 years
So I adjusted. I now focus on expirations 3-4 weeks out and buy at-the-money or slightly in-the-money contracts. This has helped MASSIVELY because it reduces my drawdown through corrections, obviously, but it also allows me a luxury I didn’t previously have - patience.
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@TravisBiziorek
Travis Biziorek
4 months
@JonathanShoff Very close friend, so yeah... I'm still hitting him with the cleaning fee lol
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@TravisBiziorek
Travis Biziorek
5 months
All of my leases say that tenants are responsible for lawn care. But they aren't great about it. These are C Class areas where the median house price is ~$150,000 Now that I mow the lawns ever 2-weeks the houses look better, more appealing, and well kept. This ripples.
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@TravisBiziorek
Travis Biziorek
4 years
Patience has been my other game changer. I have to credit @traderstewie and @AOTtrades for driving this into my brain literally every day. I joined early September and the “no panicking allowed” mantra has been invaluable. Far more valuable than the trade alerts.
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@TravisBiziorek
Travis Biziorek
6 years
After a full day of tough labor our little boy had to come into the world via c-section. Both he and Mom are healthy and happy. So proud of the wife for her strength and bravery all day. 👶🏼
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@TravisBiziorek
Travis Biziorek
3 months
Millennials do NOT have it harder. Sorry that doesn't fit the narrative but the data doesn't lie. So let's stop making excuses. Get out there and get to work and be thankful it isn't worse. The boomers endured tougher times.
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@TravisBiziorek
Travis Biziorek
7 months
@JulieChangRE Should have clarified, ex-friend. Guy is/was toxic and it took me too long to recognize it.
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@TravisBiziorek
Travis Biziorek
2 months
After an innocent post about why I'm grateful I decided to buy instead of rent and wait for prices and rates to come down here's a summary for the nearly 250 comments: - A shocking number of people will hate you simply because you're a homeowner 🤯 - People REALLY hate
@TravisBiziorek
Travis Biziorek
2 months
Two years ago we paid $740,000 for our new primary in California on a 5.75% 30-year fixed rate. Everyone told us we overpaid and I had a number of folks tell me we should rent for at least a year, wait for rates and prices to come down. Today interest rates are 7.00% and the
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@TravisBiziorek
Travis Biziorek
6 years
I say $ETH to $180+ by this time next week or I delete this tweet.
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@TravisBiziorek
Travis Biziorek
4 months
@LKPR99 Yeah that’s tough. I only have a handful of really close friends. This is one. And he’s staying for free.
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@TravisBiziorek
Travis Biziorek
6 months
Real estate investors think their property taxes only go up. Nope. Not true. I have a 100% success rate on reducing property taxes on my rentals, on average, by over 50%. Here are some tips if you plan to appeal yours... 🧵
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@TravisBiziorek
Travis Biziorek
3 months
@brockoli65004 It’s amazing how people say, “ok ok I was wrong boomers had it harder with this ONE thing but my life is DEFINITELY harder in all other aspects”. Nope. Stop crying and get to work!
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@TravisBiziorek
Travis Biziorek
6 months
Why would you EVER decrease the price by such a small amount? I think the logic here is you're freshening up the listing by pinging people (like me) w/ alerts. But I really think it does more damage than good. A "drop" like this screams unreasonable & unmotivated seller.
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@TravisBiziorek
Travis Biziorek
6 months
@dtmorgan18 We did this. CA -> MI -> CA The cost of our house and gas was the only real cost of living adjustment. Property taxes on our $460k MI house were actually the same as our $740k CA home.
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@TravisBiziorek
Travis Biziorek
2 years
I had a great trading day today, one I never want to forget. @BiIIGains mentioned I should commemorate it by purchasing an NFT, so I’m finally part of the cult. Looking forward to going down the @forgottenrunes rabbit hole. Thanks, Bill!
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@TravisBiziorek
Travis Biziorek
2 years
@RetirementRight Same sources that were pumping your $DIS ER.
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@TravisBiziorek
Travis Biziorek
3 months
@Mitchell_Rosen I didn't choose those years. They were the ones from the realtor .com graphic. I did, however, go back and do the exercise from 1965 to today. Much harder in the 1980's
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@TravisBiziorek
Travis Biziorek
3 months
This chart tells us absolutely nothing about true affordability. Why? It doesn't account for the monthly mortgage payment. To do that, you need the average 30-year mortgage rate for each year.
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@TravisBiziorek
Travis Biziorek
3 months
In 1985 you could get a mortgage for 12.5% interest. In 2022 it was an average of 5.5% Your payment toward your mortgage: 1985 = $703/mo 2022 = $1,884/mo Still looks ok, right? Not quite.
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@TravisBiziorek
Travis Biziorek
4 years
I have a ton to still work on. My style is still very risky and vulnerable to a prolonged or very aggressive correction. I’m aware of that. I plan to de-risk my trading style more and more soon. But the things I’ve mentioned above have made big strides for me. Hope it helps
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@TravisBiziorek
Travis Biziorek
4 months
@GuyDealership I learned on a stick shift, it's like riding a bike, and I would love to have one again. Fun story... the wife and I rented a car in Mallorca years ago on our honeymoon. We didn't speak the language and the guy ran us through a bunch of side streets, dumped us off, and gave us
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@TravisBiziorek
Travis Biziorek
4 months
I'm constantly having to explain to people that... Rental Income - Mortgage Payment ≠ Cash Flow Seems obvious, right?
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@TravisBiziorek
Travis Biziorek
4 years
My win rate is 72% and my wins are 2x my losses. It’s great to know those stats and it builds my confidence. In my daily journal I quickly summarize what happened, went well, poorly, etc. It takes me 5 min but it’s amazing to read back on it.
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@TravisBiziorek
Travis Biziorek
5 months
Tenant of 4 years has ghosted me all month. The last few months have been rocky and she's had sporadic late payments in the past but it always works out. We started the eviction process for the first time ever the other week and now have our initial court date on April 4th. In
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@TravisBiziorek
Travis Biziorek
3 months
The late 1960's and (very) early 1970's were great times to buy. So were the years from 2009 through 2011. If the 1980's are any guide, it could be a decade before affordability gets much better.
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@TravisBiziorek
Travis Biziorek
4 years
First, my trading is heavily options focused. It’s been that way since May. But I noticed that I’m great at identifying solid setups but not great at honing in on when exactly they’ll breakout. Until a month ago I was still trying to trade weekly (or the next) expirations.
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@TravisBiziorek
Travis Biziorek
2 years
@RealCoreyWilton It saddens me you need to take this stance. Team building is work. Time off is needed. People criticizing for this have no idea what it takes to actually build something. You shouldn’t have to defend yourself. Hope you all had some time to recharge. Keep it up!
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@TravisBiziorek
Travis Biziorek
3 months
@Mitchell_Rosen I literally factored in all of that. Please read the thread.
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@TravisBiziorek
Travis Biziorek
3 years
@RealCoreyWilton @PegaxyOfficial @KenPegaxy Thanks, Corey. I’m a big advocate for you guys. Keep up the good work!
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@TravisBiziorek
Travis Biziorek
5 months
@AClearVision Only hardwood floors and some LVP in my homes. But I get your point. Nice idea!
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@TravisBiziorek
Travis Biziorek
3 years
Today we saw 4,032 Pegas purchased in the marketplace, an amount bested only once before on Feb. 15th (the day after the Valentine's breeding event). Will tomorrow set a new record for Pegas sold in a day? Regardless, people are massively buying this dip.
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@TravisBiziorek
Travis Biziorek
4 years
@stoolpresidente Very Trump thing to do. Biden has more class than that. He’ll simply say stay patient and let the process play out.
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@TravisBiziorek
Travis Biziorek
6 months
@meetmikehiggins @Thefrugalgay11 I would much rather eat the cost of my MIL living in one of my properties than having my MIL live with me in my primary. Just saying ☺️
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@TravisBiziorek
Travis Biziorek
4 months
This is what $225,000 can get you in Detroit.
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@TravisBiziorek
Travis Biziorek
7 years
This is my bitcoin chart, guys. Eventually this one will look like all the others. Breathe.
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@TravisBiziorek
Travis Biziorek
2 months
@HamEggsnSam Based on what?
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@TravisBiziorek
Travis Biziorek
3 months
Want to read the whole post and see my data? Here it is... 👇🏼
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@TravisBiziorek
Travis Biziorek
4 years
@GerryDales Oh, you think you’re going to learn something new from the debates. That’s cute.
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@TravisBiziorek
Travis Biziorek
4 years
Find something or someone that can do that for you. I also started keeping track of EVERY trade I make in a spreadsheet. I started that on September 15th alongside a daily journal. Coincidence? Doubtful.
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@TravisBiziorek
Travis Biziorek
6 years
Pretty easy $BTC long here IMO. We've had a nice trend developing over the last ~48 hours with clear support below. Hidden bullish divergence on this bullish pennant. I think we'll see at least $7,000-$7,200 in the next 1-3 days.
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@TravisBiziorek
Travis Biziorek
7 months
I didn't truly start building wealth until I invested in real estate. Why is that? It's a pain to sell! Push yourself toward illiquid assets and let time do the work. We are our own worst enemies.
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@TravisBiziorek
Travis Biziorek
2 months
@Thefrugalgay11 This is brutal and I've seen it before. It's like throwing good money after bad. I think the best solutions in these situations is to give equally to all. That way nobody can complain. That said, if I know I'm going to be dead and gone I'd probably exclude the folks I thought
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@TravisBiziorek
Travis Biziorek
2 months
@PapaDanx Never said it was accurate. In fact, every home I’ve sold has gone for far more than the Zestimate.
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@TravisBiziorek
Travis Biziorek
6 years
Yesterday's short squeeze hasn't done much to reverse the overall $BTC downtrend. Price was rejected right at the upper channel resistance. If it hangs here for another 12+ hours, I'll likely open some shorts.
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@TravisBiziorek
Travis Biziorek
9 months
@rohindhar Sounds like non-paying tenants to me.
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@TravisBiziorek
Travis Biziorek
6 years
One of the strangest things I've been witnessing in the crypto currency trading space is people posting their return on equity (ROE) and amount of leverage used.
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@TravisBiziorek
Travis Biziorek
3 months
Last week I completed an eviction on one of my Detroit tenants that's been with me for over 4 years. Everyone is always afraid of damage done after an eviction. Here's how I found the unit once she vacated. Guess how much this is going to cost me to turn over?
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@TravisBiziorek
Travis Biziorek
3 months
I FINALLY had this roof done. What a job. 🥴3 layers of shingles 🥲 Cedar shake underneath 🟦 24 square roof w/ lots of slopes 🪵 Full re-decking What do you think it cost me?
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@TravisBiziorek
Travis Biziorek
6 years
My view right now. Pretty sweet.
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@TravisBiziorek
Travis Biziorek
6 months
@GrulkeLamonte Dude, I've seen quotes for roofs like this go up to $30,000. I've stood on them with friends, scratching my head... "This is not complicated, I don't get it!" Never had to do one but always wondered if there's something I'm missing.
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@TravisBiziorek
Travis Biziorek
8 months
@rohindhar It's shocking to me that my humble 5/3 Detroit house generates half this in gross revenue... ...and I'm into it for $180,000 total.
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@TravisBiziorek
Travis Biziorek
4 years
So this whole thing blew up, wow! Genuinely appreciate all the love. Getting some sleep now but will reply to all in the morning. 🙏🏼🙏🏼🙏🏼
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@TravisBiziorek
Travis Biziorek
7 years
One of the biggest problems traders battle is their own bias for a desired outcome. A perfect example right now are folks pointing to an inverse head and shoulders pattern on the daily bitcoin chart.
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@TravisBiziorek
Travis Biziorek
4 years
Most of my trades were also slightly out of the money contracts. My wins were strong enough to balance out my mediocre hit rate. That wasn’t really the problem. It was when the market went against me. My losses would mount quickly and I couldn’t afford to wait out turbulence.
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@TravisBiziorek
Travis Biziorek
3 years
Let me start by saying I get it. After a mega pump to ~26.5c VIS has dumped to a low of 1.2c in less than a month. That's enough to shake almost any investor. And it's why you should always understand why you're getting into any project/investment.
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@TravisBiziorek
Travis Biziorek
5 months
@ikoikoikoiko Yeah, I'm hoping he starts offering snow removal for the winters. He hasn't done it yet, but I wouldn't be surprised if this is the year!
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@TravisBiziorek
Travis Biziorek
2 months
@FedFundsfed Imagine not having one to flex. Oh wait, you don’t need to imagine that 🤣🤣🤣
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@TravisBiziorek
Travis Biziorek
4 years
I've been reading @EpsilonTheory for quite a few months now, slowly digesting and making sense of it all. Last night, I read Ben's latest piece and it felt like it all just clicked. Woke up this morning still thinking about it. Then I joined The Pack.
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@TravisBiziorek
Travis Biziorek
3 months
I see so many people wanting to "scale quickly" in real estate investing. Most of them have $50k or less. It doesn't work that way. You either take your time and put in the work over decades, or come to the table with a pile of money. Can't have it both ways.
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@TravisBiziorek
Travis Biziorek
5 months
@DataMan21 Wow, you must do this for a living 🤣 Nice one!
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@TravisBiziorek
Travis Biziorek
2 years
@leadlagreport This is the wrong take. You’re confusing true wealth with artificially inflated asset prices. Powell hasn’t destroyed any true wealth, he’s simply unraveling silliness. Few understand this, clearly.
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@TravisBiziorek
Travis Biziorek
4 years
For those interested, here is a link to a Google Sheet with every trade I made from 9/15 until yesterday. Some of these setups were tweeted, some were not.
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@TravisBiziorek
Travis Biziorek
3 years
Spring is in the air! Just learned I received this gorgeous airdrop from @FlowerGirlsNFT commemorating the changing of the season. As always, spectacular @VarvaraAlay Need to dig in on the entire collection & do the math, but pretty sure airdrops have paid for my entire mint.
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@TravisBiziorek
Travis Biziorek
3 years
As someone who got into Pegaxy in late December after waiting for the initial hype to cool off, I am more confident in the project and game than ever. I'm not going to go into all my reasons, but I do want to look at what's happening in the economy right now.
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@TravisBiziorek
Travis Biziorek
4 months
Northern lights currently flying into Detroit. Crazy! 😍
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@TravisBiziorek
Travis Biziorek
6 years
I've been working hard to not gloat or ridicule those who have been ridiculing others during this current leg down. Neither is productive, but rather destructive. And it's not always easy. Put out to the world what you wish to receive back.
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@TravisBiziorek
Travis Biziorek
6 years
Remember to hug a no-coiner this weekend. You're basically one of them now.
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@TravisBiziorek
Travis Biziorek
6 months
This house has a section 8 tenant in it paying $900. My investor client got it for FREE. How?! 1️⃣ They paid $65,000 cash for it 2️⃣ Spent $500 cleaning up overgrowth 3️⃣ It appraised for $90,000 They did delayed financing & had their 💰 back in a few weeks. I ❤️ real estate.
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@TravisBiziorek
Travis Biziorek
3 years
Another big concern I was hearing was there would be diminished and/or little demand for Pegas now that the game was "dead". But there is no evidence to support that. On the contrary, demand is starting to come in in a big way.
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@TravisBiziorek
Travis Biziorek
7 years
It's amazing how well $DCR has held up through this crypto crash. It's now nearly challenging recent highs. Take note of projects that are exhibiting similar behavior. These are the ones you want to hold long-term.
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