"In my opinion, coders have inoculated AI algorithms to ignore anything that might require selling, except perhaps during swans of various colors when the Duke Brothers say “sell!”" - new day, new algos, same old Mortimer and Randolph.
my experience as an upstairs trader was that the hardest thing to do was nothing when you didn't really have a feeling or information. the one benefit of being an options trader, though, was when you run a short book, doing nothing pays!
"In my opinion, coders have inoculated AI algorithms to ignore anything that might require selling, except perhaps during swans of various colors when the Duke Brothers say “sell!”" - new day, new algos, same old Mortimer and Randolph.
Hats off for putting the FT on your daily information run. I am not that brave.
Too much hubris, real "Animal Farm-spirits", as a European i just can't put up with it.
I guess that's another reason why your work is much appreciated.
😎 lol.
Happy Hump Day JJ.
I am very happy to hear somebody else say the trading term that must not be said...
Time Stops.
IMO
There are a few times when the stars align.
BUT
You need to eat volatility to make the Big Munee.
This IS a reference to another term that is mostly invisible these days.
Long Term Investing.
Cheers,
60
And a very happy Wednesday to you sir, LTI ...Lol, better known as "til death us do part" investing.
J. J. I hear you.
BUT...
A long time ago I hedged my bets.
I knew I was a Speculator at heart.
Speculation is always Russian Roulette.
ALWAYS.
I hedged my bet.
The decision was made to fully fund the 401K.
EVERY month.
EVERY Year.
No buying in to the "fund only up to the match"
which IS total BS
Why?
It totally ignores the power of TAX FREE COMPOUNDING
We would NEVER borrow against the 401K it for any reason.
3 Decades later...
We are VERY pleased with the results.
Long Term Investing still works.
Cheers,
60
my experience as an upstairs trader was that the hardest thing to do was nothing when you didn't really have a feeling or information. the one benefit of being an options trader, though, was when you run a short book, doing nothing pays!
I’d like to echo the shoutout from Victor Adair and suggest to readers an excellent compliment to this fine publication.
https://open.substack.com/pub/thedarksideoftheboom?r=1ojmbl&utm_medium=ios