Financial topics

[richard5za]

I closed out all additional short positions taken today and pared some shorts that were added on February 8 near the low of the day. Trading profit for the day was $1,939. Still holding some short positions at a loss of close to $4,700. Will post the summary in the morning.

It's easy to have 100% profitable trading results if you hold your losers and only sell your winners. Anybody can do that. The test will be whether the market turns down in the next few days. I'm treating this similarly to a day trade but on a slightly longer time scale. So far, it's par for the course. I am expecting a turn in the next few days to take out yesterday's low.

You may be right about the next few days taking out yesterday's lows but with 13 minutes before the market opens I reckon the probability lies with the bulls for today. I would be very happy if the market fell 1% today but I don't think so

[Higgenbotham]

Technical numbers on the Russell

March 2020 low = 966.22
October 2020 high = 1652.05
Difference = 685.83

October 2020 high plus 685.83 = 2337.88

Today's high so far is 2318.09

Fascinating calculation. I can understand starting from March 2020 low but why did you choose October high?

Because we live in the wacky world of QE and that's how it distorts charts is the short answer. I debated on whether to use the pre-crash high and to calculate twice the distance from the pre-crash high to the low and add that to the low. There were 2 reasons I didn't use that. There was also a mini-crash a couple weeks ago in late January and if that same calculation method is used, it projects a high of 2323. Also, the March low of 966.22 * 2.382 was also close.

[Higgenbotham]

I closed out all additional short positions taken today and pared some shorts that were added on February 8 near the low of the day. Trading profit for the day was $1,939. Still holding some short positions at a loss of close to $4,700. Will post the summary in the morning.

It's easy to have 100% profitable trading results if you hold your losers and only sell your winners. Anybody can do that. The test will be whether the market turns down in the next few days. I'm treating this similarly to a day trade but on a slightly longer time scale. So far, it's par for the course. I am expecting a turn in the next few days to take out yesterday's low.

You may be right about the next few days taking out yesterday's lows but with 13 minutes before the market opens I reckon the probability lies with the bulls for today. I would be very happy if the market fell 1% today but I don't think so

I don't think it falls today.

[aeden]

Agree for now.
The current trend for et is 75% 8% 7% for commodity battery tech supply chains also.
These experts lack any discernment to what is already ignored also.

Tyler notes as "Let me give you a real world, boots on the ground perspective. This week alone, I have been sent two emails from two of my suppliers. One supplies our aluminum and other metal fabrications and the other supplies us with circuitry board pieces. Both are substantially (15% or greater) raising their prices and significantly extending delivery times. This is going to pose a serious issue for us in our manufacturing. We undoubtedly will be raising prices on our goods yet again very soon. Just giving you guys an unvarnished view from where I sit each day."

[aeden]

Chaos and Reductionism

This will be the fifth so-called supercycle of the last 100 years, following the one that began in 1996 and peaked in 2008, he said.
Like the last one, financial flows may exacerbate the moves in commodities, he added.
Brent crude-oil futures have climbed for nine consecutive sessions, the longest winning run since Jan. 10, 2019, and have soared 218% from the lows of April 2020. Copper futures on Wednesday settled at their highest level since Oct. 5, 2012.
morg
Dow Jones Newswires
February 11, 2021 10:16 ET (15:16 GMT)

[aeden]

https://www.trtworld.com/opinion/ahmad- ... rrow-18034

US to revoke terrorist designation of Houthis citing famine.
Russia is urging restraint from Tehran.

The Rus and nuclear neighbors out of water.

The mullahs' mal-administration over four decades has left Iran struggling with deforestation, desertification,
water scarcity and countless other examples of environmental degradations.

Sudan contractors of guided missiles known as the second ring.

[Cool Breeze]

Haha, I was on vacation for a few days, my man.

How are things?

Pretty good. But I have to watch quotes all day. You only have to check in every few days.

I think you have a very strong psychological constitution. If I was not only long BTC, but long term as well, I would be sleepless. I need to see underlying value and (very NB) somethingthat I can understand. Thats what Warren Buffett has said for long term investments for as long as I can remember. So take Elizabeth Holmes and Theranos. I don't understand that medical area at all and there was no working product. So no long term investment. I could take a short term same day or 2 day punt in these circumstances but actually never did. Now as regards BTC I must ask what constitutes the underlying value? I can't answer this, but it must be a good question? Yes? No?

If you have strong conviction in an investment, why would you be sleepless? That proves that (which is fine) you don't have it - which seems to indicate that it's not for you, then.

If you know what money is and you understand BTC and why people desire it (they are looking for reliable, trustworthy characteristics in a clown world) you see very easily why it is worth so much currently, and will be worth so much more later. It's going to be funny when the Peter Schiffs here keep calling it a bubble as it climbs past 100k. The problem is that you have to understand it well to understand that it's not a bubble (and that the comparisons that others have made here richard, show they don't understand it) ... so the foolish will keep calling it and ... keep being wrong.

I've answered the value question many times, but surely you can't think that myself, Elon Musk, Michael Saylor are idiots. Whether you want to believe we are right or wrong, there is clearly a reason (or many) why we believe it has value. As a smart person, you should be able to at least guess. If you can't, you literally have no idea what BTC is and shouldn't even be asking questions about it since you clearly don't even care about it or the debate.

Or you can believe that guys just put BILLIONS into something for "fun." Go ahead, God knows that kind of religious thinking comes up often around here and other parts.

[aeden]

Other banks rated it a commodity already in a 45 millisecond news cycle from Frankfurt last year.
The quants will scrape it as such in a sweep report.

Example:
2010 https://twitter.com/PCJesus5/status/135 ... 88/photo/1
food line

2021 narrative is concentration camp to illicit response for cancel culture halfwit Marxists.

The point is rather simple. Way over a decade of reports accurate to a fault some contend.

As we go further it is good to remember what they told us in 3130 bce that took the best computer
in 1986 to remind us what they knew then....
We do think in thirty plus years you may begin to have a clue.
As Hayek warned us the pretense of knowledge.
https://cdn.mises.org/Human%20Action_3.pdf

Satoshi was a study item here on Thu May 25, 2017 1:23 pm
The code as based on Isaiah 55
Your late.

So much more will be.

Let the wicked forsake their ways and the unrighteous their thoughts. Let them turn to the LORD, and he will have mercy on them,
and to our God, for he will freely pardon. Isa55

His mentor was dying and the code was used to help him.

W. Dai, "b-money," http://www.weidai.com/bmoney.txt, 1998.
H. Massias, X.S. Avila, and J.-J. Quisquater, "Design of a secure timestamping service with minimal
trust requirements," In 20th Symposium on Information Theory in the Benelux, May 1999.
S. Haber, W.S. Stornetta, "How to time-stamp a digital document," In Journal of Cryptology, vol 3,
no 2, pages 99-111, 1991.
D. Bayer, S. Haber, W.S. Stornetta, "Improving the efficiency and reliability of digital time-stamping,"
In Sequences II: Methods in Communication, Security and Computer Science, pages 329-334, 1993.
S. Haber, W.S. Stornetta, "Secure names for bit-strings," In Proceedings of the 4th ACM Conference
on Computer and Communications Security, pages 28-35, April 1997.
A. Back, "Hashcash - a denial of service counter-measure,"
http://www.hashcash.org/papers/hashcash.pdf, 2002.
R.C. Merkle, "Protocols for public key cryptosystems," In Proc. 1980 Symposium on Security and
Privacy, IEEE Computer Society, pages 122-133, April 1980.
W. Feller, "An introduction to probability theory and its applications," 1957.

You see my key in 1996 was sold.
Also knowing that I could not protect the customer.
Yes we chatted with legal minds.
No one is smart.
Not even me.

[aeden]

The snow is piling up here in Norway. Starting to wonder if it will melt away in summer before the next winter.

I will ask a friend in July over in that region.
Trust us Kerry is clueless.

[aeden]

https://cms.zerohedge.com/s3/files/inli ... k=D49BoMfs
demsheviks waterloo before rates increase
that cannot produce wealth
just results adults can measure