I'm a trader with direct market access , AMA pt 3

[hftrader No.50430676]

Well, time for part 3 I guess.

I'm a trader that works at a fund and I have direct market access. Ask me anything about how market makers work, dark pools, how patterns form, macro stuff, whatever.

[Anonymous No.50430693]

>>50430676
I met a quant and he said technical analysis is bullshit. Then how does trading take place?

[Anonymous No.50430725]

>>50430676
Can you tank bitcoin for me?

[hftrader No.50430745]

>>50430693

Your quant friend is right, technical analysis is bullshit (kind of). It's actually very interesting how most retail traders live and die by TA.

Market makers form the candles in any shape they want. Can TA become a self fulfilling prophecy? Sure, happens all the time. Is it reliable? Nope. Especially if you're trading with a lot of size.

Think of it like this- normal/retail traders look at technical analysis as a main tool and use indicators such as RSI, MA, whatever, to confirm a signal.

We use other things such as order flow, market/volume profile, etc. as pimary and TA as some form of secondary indicator.

I know market makers who can keep a stock at 80 RSI for days on end. Are you going to go and short it because "oh look at that quadruple top" + RSI skyhigh?

[Anonymous No.50430778]

>>50430745
I treat it like a placebo honestly, now about tanking bitcoin so my BITO puts print, what’s it gonna take?

[Anonymous No.50430789]

>>50430676
Time to dump energy and commodities? Time to get back in biotech? Your thoughts.

[hftrader No.50430802]

>>50430725

I personally don't have the capital to tank bitcoin. Even if I had the capital to theoretically tank bitcoin, it will be an extremely brief move, all the algos will pick up the slack on a big market sell order, and I'll be losing money on my short by the time you blink.

[Anonymous No.50430813]

>>50430676
any of your co-workers on suicide watch

[Anonymous No.50430853]

>>50430676
Discuss GME.

[Anonymous No.50430856]

>>50430745
I kinda believe that you do work for a large fund now

[Anonymous No.50430857]

>>50430802
I see, thanks

[hftrader No.50430868]

>>50430789

Energy and commodities are part of the "macro-sector" cycle, there will always be a hot sector that will die down and be replaced by another, keeping the wheel spinning.

I would highly advise you to look at specific companies that are doing well even when oil and gas are at their lows. Energy companies and commodities can be a part of a very well-diversified portfolio.

If you just swing your whole portfolio from "energy" to "tech" back to "energy" then to whatever is hot, I don't think you'll do well in the long run.

[Anonymous No.50430881]

>>50430789
Nah man, biotech’s dubious. BP, Silver, and Gold for life

[Anonymous No.50430902]

Are you looking forward to Venus in cancer season OP?

[Anonymous No.50430921]

>>50430676
Is the FED going to raise rates or is the FED going to get cold feet?

[hftrader No.50430925]

>>50430813

No coworkers on suicide watch as far as I'm aware. Most of us are doing pretty well when volatility is high.

>>50430853

What in particular do you want me to discuss about GME? It's a stock that's heavily shorted, funds that are short have an abysmally big position, they took it "off-exchange" using swaps with funds that are on the long end of the trade.

Short position continues to be huge, they're covering but in cycles. I can elaborate further on the "back-end" shenanigans that retail doesn't see.

[Anonymous No.50430953]

>>50430868
>If you just swing your whole portfolio from "energy" to "tech" back to "energy" then to whatever is hot, I don't think you'll do well in the long run.
I'm suggesting the opposite, though. Energy is hot and biotech is cold.

[Anonymous No.50430952]

>>50430925
>Short position continues to be huge
The fuck... I thought that shit was over!

[Anonymous No.50430962]

>>50430676
do you and/or your firm believe SBF controls a large portion of the crypto space? is he a superhero or a supervillain from your perspective?

are there other traditional market makers that you know of involved in crypto that are fighting for dominance?

[hftrader No.50430974]

>>50430902

What the fuck is Venus in cancer season?

>>50430921

The fed has got no choice but to keep raising rates until we see inflation start to come down in a more long-term way.

What we might see is a low CPI print next month, JPow saying "the top of inflation is in boys" and have a pause period. No fed chair wants to leave office and be known as the guy who royally fucked the markets (even though the same fed chair continued creating new problems while sweeping old ones under the rug).

[Anonymous No.50431002]

>>50430676
How do market makers work? Why are dark pools? How do patterns form? How does macro stuff?

[Anonymous No.50431026]

Explain to the goobers once and for all why execution is far more important than any analysis.

[Anonymous No.50431046]

What percent of trading is algorithmic?
What percent of trading is algorithms attempting to frontrun other algorithms?

[Anonymous No.50431051]

>>50430974
If the FED is raising rates will they give equity to countries that failing.
As in the FED buys a bunch of shit money from Colombia and in turn gives Colombia some US dollars.

[hftrader No.50431073]

>>50430953

If you're investing, it would be better to just build a portfolio that is balanced and diversified. Most people just put everything in SPY, VTI, some other index fund which is not a bad thing at all if you don't have the time or resources to pick specific stocks.

What I'm saying is that yes, energy is hot and biotech is cold, but tomorrow energy will be cold and defi will be hot. Then defi will be cold and biotech will be hot. No point in trying to rebalance your portfolio based on what's hot. Just invest in a diversified way and you're set.

>>50430962

SBF doesn't control shit. The banks and big institutions that accumulated crypto during 2017 and beyond control crypto, the same way they control the equity markets. I even see the same type of market structures and algos in crypto that I see in the stock market.

[Anonymous No.50431081]

>>50431051
>>50430974
Hell the FED might buy a shit ton of euros to prop-up NATO

[Anonymous No.50431089]

>>50430676
how can I get a job next to you? I hold a MSc.STEM degree from an EU school. don't tell me friends and family only.

[Anonymous No.50431171]

>>50430676
Got any educational material or tips for retail traders?

Also, where do you expect BTC to bottom?

[hftrader No.50431226]

>>50431026

In trading there is a term that almost everyone uses yet seemingly no one understands the true meaning of it. Price action.

As in, what action do you get at a specific price. This is quantified by volume or lack thereof. I can trade without ever looking at a chart, because I don't need to see the chart to know what kind of pattern is forming, where the inflection points in price are, is there heavy retail interest, etc.

>>50431046

Answer depends on the type of stock really, if it's high volume, low marketcap, etc.

I can't really say what percentage is algorithmic, but I can tell you that if you open the order book of something high volume like SPY, over 90% of the bids and offers that are around the top of the book are all algos and market makers.

Algos attempting to frontrun other algos is a very interesting concept- there are such algos although I'm not sure just how effective they are since it would be hard to predict the original algo's exact parameters.

[Anonymous No.50431279]

>>50431226
Do you guys risk 1% like retail traders are told to? Do you include stop losses?

[Anonymous No.50431299]

Are dividends a meme? Opinion on SCHD? Is international diversification worth it?

[hftrader No.50431351]

>>50431081

It's possible to do this, all depends on the macro agenda that the US has and the end goal.

The EU is major league fucked right now because the US is the world reserve currency, not the euro. They can't raise rates the same way the US can because half the countries' debts will go into default. Not every country in the EU is Germany economy-wise.

>>50431089

We're not hiring. Although you can try the long hard way of becoming an analyst at some investment bank and hoping some big VP notices you and gives you a trading account.

>>50431171

The really good educational material is basically non-existent. The big funds, brokers, whatever, don't want to teach you shit that's why you get retarded YouTubers or retarded gurus that can't make 5 dollars trading that write books.

[Anonymous No.50431352]

>>50430676
finding substitutes in a predefined model on the muni bond desk doesnt make you a trader anon. also go 100x leverage on twitter before it gets memed.

>t. fuck aladin

[Anonymous No.50431364]

your net worth?

[Anonymous No.50431408]

what does "direct market access" mean?

[Anonymous No.50431423]

>>50431408
a commercial bloomberg licence thru his employer

[Anonymous No.50431449]

>>50430676
strategies? or do you not even bother?

[hftrader No.50431454]

>>50431279

You mean 1% of my capital per trade? Depends on the trade, most often no. General stuff that's over emphasised like 1% risk or 2:1 reward is for people who are not trading the same way we do and for people who trade only using TA, which is a big no-no.

Stop losses are subjective when you're trading with bigger size. If I put a stop loss on a less liquid stock and a market maker tries to swing for the fences and get the stop loss liquidity of a pattern, my stop loss can literally halt the stock on the way down if I'm long. Not a good idea.

[Anonymous No.50431464]

>>50431423

[Anonymous No.50431486]

>>50431351
Should I short harley-davidson [HOG]
>Car loan defaults are throw the roof
>loans rates are going up
>Only customers are boomers
>Coming recession

[Anonymous No.50431540]

>>50430925
>I can elaborate further on the "back-end" shenanigans that retail doesn't see.
please.

[hftrader No.50431572]

>>50431408

I have access to dark pool liquidity, joint access to multiple exchanges that offer the same ticker, direct market executions etc.

If your broker is showing GME price at 130$ last with 129.95 bid and 130 offer I could be seeing it as 129.90 bid and 129.92 offer.

>>50431423

Bloomberg terminal does offer direct market access to an extent, although we don't use it for trading.

>>50431449

If you're looking for a strategy such as "macd crossover + rsi low = buy" you'll be disappointed. Learn how price affects action, learn volume profile, learn order flow. That'll be a good start.

[Anonymous No.50431588]

>>50430925
I guess a bit more discussion on how the swaps work with covering shorts and how long you think the DTCC will be allowed to kick the can and how complicit the SEC is with all of this. I’m of the opinion they’re aware of most of the bullshit in the market not just dealing with GME. Some of the apes over at the GME plebbit have started sniffing around Fidelity’s Equity Summary Score, Refinitiv, Starmine, and the London Stock Group. Just how many tiers of inside knowledge are there where a web of conflict of interest never seems to end?

[Anonymous No.50431608]

>>50431572
you dont trade anon, you follow orders in the bond desk

[Anonymous No.50431612]

>>50430745
so you use TA but not hte indicators you mentiond retail use

kek

[Anonymous No.50431620]

>>50431572
>dark pool liquidity
are algos allowed to operate in the dark pool?

[Anonymous No.50431642]

>>50431620
Why would they not be? And even if they were not how is that going to be regulated?

[Anonymous No.50431698]

>>50430745
>We use other things such as order flow, market/volume profile, etc.
AKA
>we see all the books and front run everyone non stop and this makes us super smart and not scammers

[Anonymous No.50431704]

>>50431486
shit this is a good fucking point.

[hftrader No.50431718]

>>50431486

Depends on how long you want to pay the short interest, what your price target is, what your margin is, and if you're feeling lucky.

I can list 100 fundamental reasons why the S&P needs to go further down. That doesn't mean it will go down. You have to understand that US equity markets are neither efficient, nor in line with fundamentals.

>>50431540

Funds that are short GME are screwing retail and other funds late to the party by using swaps with funds that are long GME. This way the short position is off-exchange, the short funds pay premiums for the swaps, and this way the long funds get to shear the sheep (short funds) without killing it. I don't know the exact details of the swap contract, but I can tell you that a short squeeze will not happen unless one of the funds that's long wishes it. In order for retail to squeeze the shorts there needs to be cooperation the likes of which are impossible because retail is not a single entity in control of a stock's shares.

That's why the VW short squeeze happened- a single entity was in control of a big portion of the company's shares, and issued news that directly impacts the price positively.

[Anonymous No.50431719]

>>50431572
>If you're looking for a strategy such as "macd crossover + rsi low = buy" you'll be disappointed. Learn how price affects action, learn volume profile, learn order flow. That'll be a good start.
ty!

[Anonymous No.50431720]

>>50430881
>biotech’s dubious
Why? The whole sector is at a decade low.

[Anonymous No.50431807]

>>50431718
Are you guys watching for the Bull-Whip. Or is Michael Burry full of himself?

[Anonymous No.50431849]

market makers just double down when price goes against them, that's their whole strategy lol

[hftrader No.50431894]

>>50431620

Of course algos use dark pools, you see algos automatically routing bigger retail orders through pools so they remain in control of how the price moves.

>>50431588

This might come as a surprise but your average SEC or FINRA employee has less knowledge about how markets work than most of you here. And they're expected to "police" the big guys.

DTCC has the power to do whatever the fuck they like with the markets. They can halt stock trading indefinitely for a specific ticker if they want to.

There are huge conflicts of interest at pretty much every financial level, be it brokers, market makers, hedge funds, clearing houses, SEC etc.

It's all about the big fat bonuses at the end of the year.

[Anonymous No.50431945]

>>50430745
>We use other things such as order flow, market/volume profile, etc. as pimary and TA as some form of secondary indicator.

Isn't this TA also cant the retail trader use TA as a counter

[hftrader No.50431967]

>>50431807

Michael Burry is definitely not full of himself when it comes to economic fundamentals. What people don't realize is that the market really REALLY can stay irrational longer than you can stay solvent, or alive for that matter. I might die in 30 years and the SPY can continue setting 30 all-time highs per year.

>>50431849

Manual market making is a very complicated job, although you are mostly correct- in the stock market it's not about supply and demand, it's about demand only. Supply can always be found and when it can't be found, the market maker will go naked short on your buying all day every day.

[Anonymous No.50431977]

What happens Friday when the 4:1 stock dividend on GME will cause a lack of shares at the DTCC due to the heavy naked shorting on GameStop

[Anonymous No.50432009]

>>50431718
Thanks, wouldn’t the GME long funds be in extreme benefit to short squeeze or is that against the whole idea of the swap in the first place. I really don’t care whether GME pops or not, I’m just trying to understand exactly how it works from a financial standpoint because I’ve heard a lot of ideas. I have told a lot of people though from my own standpoint, they’ll die before they hand it to retail, but eventually they might have to give something depending on how many assets.

[hftrader No.50432041]

>>50431945

TA in the form of support/resistance/breakouts and all indicators such as MACD, RSI, ichimoku clouds, oscillators and shit like that is something that I've seen around the internet being used and being called TA.

We use price action and volume as our main confirmation "indicators" when trading. If you call this TA, then all right we also use TA.

[Anonymous No.50432096]

>>50431977
bump

[Anonymous No.50432102]

>>50431572
So what's going to happen to the hedgies who shorted GME now that the split dividend hits Friday?

[Anonymous No.50432114]

>>50431977
Not finance anon, but I’ll tell you from where I’m standing, DTCC can make whatever numbers they want. The idea of “omg not enough shares” seems to be silly when really the value of those shares is not different. What’s the difference between just changing the 1 to 4 when the monetary difference is 0? The toxic made up shares aren’t real? Not their problem.

[hftrader No.50432126]

>>50431977

I honestly have no idea because this is not a stock split but a stock dividend. It'll be a logistical nightmare for all brokers and clearing houses, I'll tell you that much.

>>50432009

GME long funds would very much like to milk their colleagues with premiums every month instead of having a one and done type of trade. Yeah the short squeeze will rake in nice one-time profits, but the funds that you trade against or with on a daily basis in other stocks will be gone, chapter 11 gone. The whole financial system might get heavily destabilized because God knows how many other types of GME related derivatives there are out in the wild. The funds that take their place eventually might be smarter and better than your fund. Care to take that risk? I say long funds say "no" to that question.

[Anonymous No.50432156]

>>50432041
On a scale of 1 to Fucked... how fucked is China
>massive developers going bankrupted
>everything is payed for with debt
>home owner stop paying mortgage
This is not even talking about the age crisis in 15~20 years.

[Anonymous No.50432159]

>>50432041
>we use price action and volume
Price action is just a word to say whether the price went up or down or sideways.
Besides “indicators” being nonsense, all of the TA you say you don’t do, is either price action, volume or a combination of both.
That’s like saying your preferred
drink is consuming fluid. Why must you loser as always larp?

[Anonymous No.50432165]

>>50431299
Not him, but since you got ignored:

>Are dividends a meme?
Dividends are just a factor that goes into valuing a company. Price action around the EX date is also something to watch out for.

Having a preference for stocks that pay dividends is kinda a meme though. Unless you're retired and trying to generate passive income, just focus on maximizing returns. It doesn't matter if those are equity returns or dividend returns.

>Is international diversification worth it?

It depends. You introduce a basis risk from FX, but sometimes the returns can justify it. That said, in general international indexes have lagged behind S&P in recent years.

This is really a portfolio allocation question though. Look at ex-post returns and ex-post risk, then use it as a basline along with current with macro climate to estimate ex-ante numbers. From there, Kelly Criterion. There are a lot of factors to consider.

[Anonymous No.50432172]

>>50430925

how long do you think i can swing trade GME for? i'm pretty new to this, but it's nice to make a few hundred bucks every few months.

also, is AMZN good for swing trading? or is that all about options liquidity?

[Anonymous No.50432206]

>>50432165
>It depends. You introduce a basis risk from FX, but sometimes the returns can justify it.
Thank you for the answers! Would you say VOO gives plenty of international exposure since many US large caps have significant overseas ventures?

[hftrader No.50432223]

>>50432102
>>50432096
>>50432114

When a stock goes ex-dividend and it trades at 50$ today and the dividend is 1$, the stock will open at 49$ div-adjusted price. That's when the dividend is cash. If you're short, you're paying the 1$ out of your own pocket. Still not bad if you think you'll be making money on the short side even while paying the dividend.

If the dividend is in the form of a stock, this is a dilution that's given to the hands of the shareholders. You, as a shareholder, decide if you want to sell your additional stock or not. The market makers who are supposed to "adjust" the price come ex-dividend, need to be veeeery careful because they will not be receiving extra shares for being short GME that they can sell at the market once the bell rings. If there's a stock split 4:1 then their 100 shares short will become 400 so they can sell the extra 300 if needed. However, in a dividend case they'll need to again take naked short positions to control price.

If nobody is selling their extra shares that came in the form of a dividend, then who is going to adjust the price?

[Anonymous No.50432240]

>>50432126
Yeah the implications would be the end of the game so to speak and massively risky as opposed to some funds turning a profit and other funds getting out of their toxic assets.

[Anonymous No.50432267]

>>50432126
I think you are going to see some hf's crashing and burning soon because of GME.

[Anonymous No.50432365]

>>50432267
Maybe they will, but there might not be any relevance to retail or GME price.

[Anonymous No.50432389]

I'm not a trader but I have a friend who is. He says trading is a meme and most funds average a return that's lower than the major indexes like FTSE or SPY. He says the real money is in market making, and that market makers average a 60%-70% annual return and its just algorithms that do all the work.

Is it possible to be a 'retail market maker'?

[hftrader No.50432415]

>>50432165

I didn't see that question, good answer through anon.

>>50432159

Your answer is precisely why I said that price action as a term is most often misunderstood. You can say price action is a word for price going up down or sideways, but it's much more complex than that.

MACD is just two moving averages plotted together. A moving average is a calculation of price over time in the past. Are you trading in the past or in the present? Standard TA is flawed because people don't understand how a cup and handle pattern is formed. They read in a book that a cup and handle is bullish and they hop on the handle to ride it for a breakout.

What I see is that there is a particular type of algorithm that is triggered at a specific price that has certain limits and parameters. The automated market maker (another algo) is using the liquidity from this algo which starts buying up shares until it reaches a certain price, then drops down to X price and waits until it gets triggered again and starts buying Y amount of shares.

This creates a cup and handle structure where retail traders go "ooga booga cup and handle buy everything" and say their TA works. Then the cup and handle pattern fails and then traders say "well at least I had my stop loss, on to the next cup and handle!".

So there's TA, and there's price action. There's a reason why price moves the way it does, and it's not as simple as "bullish pennant lets gooo".

[hftrader No.50432475]

>>50432389

You should read up on the requirements to become a market maker. Even if you have a company and check all the boxes, my bet is your capital will get wiped out before you are done placing bids and offers on the third ticker you're supposed to be making a market for.

[Anonymous No.50432485]

>>50430676
Obviously Cramer is a meme but do you think he is legitimately trying to sabotage retail traders with his "advice"?

[Anonymous No.50432512]

>>50432485
I have the same question but with Dave Ramsey telling everyone to buy a house at the top of the market.

[Anonymous No.50432516]

>>50432485
This.
The guy is such a meme that when he says something I automaticly do the inverse

[Anonymous No.50432576]

>>50432475
Given that you didn't respond to the first part of my comment I assume you don't disagree that trading is a meme? Would your investors be better off sticking their money in an index? What's your funds' annual return for investors?

[Anonymous No.50432585]

Is it true that gme shares shorted between the 18-21st wont receive the split shares ? What could this mean ? added buy pressure ?

Also you said that short funds are covering in "waves" what does this mean ?

Thirdly do you have a position in GME do you believe a long squeeze could happen ?

[hftrader No.50432587]

>>50432485
>>50432512
>>50432516

Some people made money trading in an "easy" market for a while then rode that track record all the way to the TV screen.

They're not trying to sabotage anybody, they just don't know what they're talking about but due to some string of coincidences wound up in a place where people can hear what they have to say.

[Anonymous No.50432623]

>>50432587
Obviously 99% of them are garbage but are there any "analysts" or Youtubers that you could recommend?

[hftrader No.50432666]

>>50432576

I actually missed the first part of your question, brain fart I guess.

Trading in and of itself is speculation- what price I'm willing to buy X stock and what price you're willing to sell that same stock to me. There are fundamentals behind each company but as I said the market likes to not be in line with fundamentals.

Most investors are better off sticking their money in an index. But if you're worth 1 billion dollars the game is different.

Most big funds who also have market making licenses and have different departments that handle stocks, bonds, commodities, derivatives, ARE definitely beating the market. The question is what percentage of the profits are they keeping for themselves and what percentage are they giving you.

[hftrader No.50432710]

>>50432623

I don't watch Youtube for the purpose of enriching my financial education to know if there are many YouTubers that are decent.

But from what I've seen, all of them are dogshit. The really good YouTubers usually do some type of podcast where they invite market vets and ask them all sorts of questions. If a youtuber is telling you about this cool new swing trading strategy they JUST found out about, it's shit.

Martin Shkreli is cool though.

[Anonymous No.50432713]

>>50432587
Going farther into the single family housing market.
Are guy betting for the market to crash or just cool off.
Theoretically if there was a massive recession almost all airbnbs would hit the market in a 3~6 month time frame.
Anyone who bought a house in the last 3 years is paying 40%~50% of their income on their mortgage and they would be underwater.
We are already seeing remote tech jobs getting cut.

There are a lot of thing working in favor of the housing market. Better fundamentals loan and high building cost.

Where do you see it going?

[Anonymous No.50432769]

>>50432415
Yes I was told by the best trader I know that most of the common retail indicators are "lagging indicators"; they cannot help you predict the trend, they only show the current trend.
And I was also told that market makers and institutional traders laugh at retail for wasting their time with RSI, MACD, etc.

Drawing lines on a chart is a pure guessing game without understanding the underlying macro, volume profile, order-flow, wyckoff analysis etc.
Basically look into the high IQ stuff that a lazy guy would never touch and would rather guess by drawing lines on charts and do some risk management to stay alive.

[Anonymous No.50432851]

any recommended reading for entering the finance world? I'm bored at work and want to work towards a new better job

[Anonymous No.50432866]

Regarding GME, the hf's who are long on GME will pay steep tax penalty if they do not recall their shares from shorties. Also doesn't Blackrock have a grudge against Citadel?

[hftrader No.50432867]

>>50432713

How far down the housing market will go will depend on leverage. If you have your neighbor with 3 houses that are all mortgaged and he's leasing them but is unable to keep up with the rising mortgage payments, you can guess what'll happen with him.

The housing market is just a cog in the economic machine, or a single domino in a long stack of dominoes. If one domino starts falling down (we're not quite there yet), most of the structure will collapse. I can tell you that with the current macro economic situation, the housing market will not be the first domino to fall since there are more pressing matters and other economic "sectors" at bigger risk.

[Anonymous No.50432869]

>>50432666
I don’t find your response about GameStop swaps to be very credible. If a company suddenly found itself with complete and total leverage over its competitors, they would milk them for everything they have and then just barely keep them on life support, not just “shear the sheep” like paying for a subscription. And there are countless advantages to destroying your competition on YOUR own time frame. It’s like how power vacuums get created in the Middle East when the us goes in and destroys Al queda or isis or whoever. They could and would totally capitalize on that to the best of their ability. They wouldn’t be content with some, that’s literally why the stock is in this situation in the first place

[Anonymous No.50432889]

>>50432769
The thing that bugs me is we are always told that the market can stay irrational longer than bla bla bla...
>be supper smart investor
>see something happening before everyone else
>make a trade or short or something based on
>don't make money because market is irrational
My understanding is you have to use both the crowd and the fundamentals

[Anonymous No.50432893]

If you're legit, thanks for the knowledge.

[Anonymous No.50432926]

>>50432867
>there are more pressing matters and other economic "sectors" at bigger risk.
Such as?

[hftrader No.50432930]

>>50432866

Blackrock has a grudge against Citadel the same way a WWE wrestler has a grudge in the ring with another guy.

Blackrock was on the short trade of tesla when Citadel was long. Now the roles are flipped with GME.

At the end of the day, in the locker room, they're all buddies.

I'll be logging off for now. I'll try to do part 4 soon if I have the time.

As a goodbye, if you want to be a step ahead in your trading, try to ask yourself the question "WHY is the price behaving the way it does" instead of "how" or "when". Hopefully, this question will lead you down a rabbit hole where coming out will make you a better trader.

Cya!

[Anonymous No.50432940]

Are the big dogs deep in crypto or does Wall Street mostly see it as a joke? What do other traders in positions such as yours think of the space?

[Anonymous No.50432948]

>>50432930
Yea ok, Thanks for the larp faggot

[Anonymous No.50432949]

>>50430676
How fucked are the GME tards?

[Anonymous No.50432973]

>>50432930
that was a good read, thanks dude

[hftrader No.50432977]

>>50432940

Wall street is deep in crypto.

>>50432948

Not larping, take my answers in the thread as you wish.

>>50432949

GME tards are not fucked if they time their exits right.

Cya!

[Anonymous No.50432978]

>>50430676
1)
Do you trade only on American stock exchanges or foreign too?
What kind of fees do you pay for a single trade (especially on foreign exchanges) compared to someone on, say, interactive brokers?

2) Do you think the game is extremely stacked against retail investor? Eg. if I'm using a broker with 0 fees, like etrade, even if my trade ideas are always good will I end up being frontrunned and lose money? If so please elaborate on what you think happens with retail order flow data

[Anonymous No.50432994]

>>50432867
what are some of those other dominoes?
Here are a few guess of mine
>highly indebted zombie companies
>highly indebted countries (sri lanka and turnkey)
>low food harvest due to lack of fertilizer
>strong dollar fucking everyone trying to buy oil and other imports

[Anonymous No.50433106]

Link to first thread anyone?
Part 2:
>>>50251363

[Anonymous No.50433112]

>>50432889
It's non-actionable advice that doesn't help you make money in speculating or investing. Just like "be greedy when others are fearful and be fearful when others are greedy" advice.
People were fearful back in February, but 20/20 hindsight it was not the best moment to buy for a long term macro position.

Sentiment analysis is important and using trend lines and support/resistance lines can be useful in defining supply and demand zones; but using them alone is the problem.
I think the best advice I've ever received on trading is to rely on multiple indicators (that are leading indicators of price) using macro economic data, sentiment data, volume, FX correlations, etc.
And of course it's easier said than done.

[Anonymous No.50433114]

>>50432977
Thx for your time and sharing your experience Anon

[Anonymous No.50433134]

>>50432977
thanks anon

[Anonymous No.50434131]

>>50433106
I need the first thread also.

[Anonymous No.50434248]

>>50434131
Me 2

[Anonymous No.50434415]

what's adark pool? is it like a shadow fork?

[Anonymous No.50435014]

>>50433106
>>50434131
>>50434248
First thread ID is >>50113650

[Anonymous No.50435093]

>>50435014
Based

[Anonymous No.50435473]

>>50430676
It's CHAMP the only hope behind all NFT card games?
I mean, they're soccer-based, using IRL soccer players and even offering a closed beta for all investors

[Anonymous No.50435676]

>>50431698
Retail traders can use order flow as well, they just need to find a good provider and pay a monthly fee

[Anonymous No.50435982]

>>50430745
I’m retail and have been pretty adamant about only getting into a trade based on FA, even crypto to any degree it can be done within the space.

Was it you that said you were heavily eyeing (or even have a position in) LIT as something to capitalize on once everything does make it’s way to all electric? If so what are some other sectors worth looking at right now?

[Anonymous No.50436444]

>>50435014
First thread ID isn't working. Repost it anon.

[Anonymous No.50436605]

bump

[Anonymous No.50436728]

>>50432585
Anyone who buys between now and the split will get the dividend shares.

Remember covering isn't closing. They're having to buy at certain intervals to deliver shares they borrowed to short. That's probably why GME sees these insane runups every few months.

[Anonymous No.50437025]

>>50431612
Yeah exactly. All that technical stuff he mentioned is the definition of technical analysis. It's just better technical analysis than what retail has.

[Anonymous No.50437327]

>>50432867
what's gonna be the first domino to fall?

[Anonymous No.50437348]

>>50430745
Have you ever heard of strategies like Elliot Wave Theory or the Wyckoff Method? Both strategies utilize volume and price action to paint a more complete picture of whats happening in any given market, which sounds similar to the type of TA you described.