You should be following @virtusa Spend some time reading his posts, then go back through the past two decades of ET looking for his past ET aliases and those posts. You want to trade ES for living? Follow virtusa.
I generally liked your post, and your analogy is excellent, but I'm not sure if I like the idea of waiting for the government to protect me. I agree that institutional money is perhaps necessary for accelerated growth, but perhaps not. If everyone decides to buy some bitcoin and transact with it, who gives a fuck what institutions do? Internet came about because people were logging in online. Institutions see the trend, read the market, listen to their customers, and then decide if they think its going somewhere or not. Government regulation will make people feel more safe, but its almost ironic for governments to give bitcoin their blessing because it in some way means that they are signaling that holding dollars is a losing game. Imagine if your wife gave you permission to fuck anyone you wanted, assuming that she thinks she is so beautiful and such a good lover that nobody else will compare to her. No fucking way. She keeps your dick locked up because she knows how easy it will be for you to stray and not come back once she lets you taste a little bit of freedom. I don't want to get married because I don't think I should be giving someone the right to tell me who I can and cannot fuck, and likewise, I don't want the government to think that I need their regulation and blessing to tell me that its not safe to invest in the exact same thing that will bring down their own monetary system. I really do think the people should have the right to choose what they want, and the government needs to listen to the people. I realize its mostly a pipe dream, but this should be the main ethos. Government regulation is really powerless to stop huge crimes anyway. Who goes to jail? What sorts of scams have they prevented? The only thing the government does is paper over problems. Well with bitcoin, they won't be able to do shit once your bitcoin is gone. Hey, maybe if my bitcion is stolen and they give me fiat as a replacement so I can go out and buy more bitcoin, imagine how wonderful this will be for bitcoin price! Perhaps they can force exchanges to show proof of reserves, but lots of smart guys out there already show how problematic this is. So I'm not really sure what I want the government to do for me in this space. I understand that designating all the shit coins as securities opens up the books for scrutiny, which prevents US exchanges from selling such shit coins, but hasn't the market itself already taught enough people about the dangers of shit coins? Like I say, I think regulation will help adoption, but I'm always weary of the government wanting to help me. The government says drugs are bad, so they outlaw them, and in the process create the biggest money laundering cartels and scores of violence. Thanks very much government.
Oh yes, I do agree that I follow his market predictions and he often gets it right. But this fight he had with John is a different matter. Plus, John actually outlines specifically what he is doing whereas virtusa plays it safe with just predictions. Not saying there is no value, but the level of transparency in no way matches to what John shows.
I'm not talking about "predictions." Follow him for what he knows and shares. In my opinion, I'd say for emini traders, @virtusa is in in the top 3 posters at ET since its inception. Don't fall in line with the 99.8% who don't understand him. Try to be one of the .2% who do.
I'm interested in his style. Any idea where I could look for some insight? Not to speak for him,but I think it would be fair to say he is a bit jaded at the moment-ET wise I mean.
Perhaps you will need to be more specific. I like his market commentary and similar posts, but I'm not sure about what he has said that has been truly actionable. I was digging into his posts to look for an example and came across this. https://www.elitetrader.com/et/threads/s-p-500-going-to-4100-again.371789/#post-5735875 He relies on his system, which is clearly working for him, but there isn't much here to learn from in terms of specifics. His system seems to do all the work at this point. Which is an excellent place to be in after 20 years to have coded it all up, but it means that there are no specific nuggets there.
Search Results | Elite Trader They're there. You are looking for fool's gold and find none, while missing the real gold. I can't, or I guess won't be more specific. You either see it or you don't. When you are ready, you can't miss it.
This doesn't point to anything.... or is this meant to somehow be the message? LOL Given the way you frame it, guess I'm not ready. ...