this chinese deepseek is going to pop the ai bubble, same or better performance with far fewer and less powerful gpus, time has come. this ai tells the truth-:
Will it be cheaper? Sure. But... They (the Chinese) have the size (population feeding data on everything, with fewer safeguards), lower salaries and costs, plus (Chinese communist) government-sponsored IP theft, plus (US) government funding (see link below), etc. https://www.reuters.com/world/us-go...s-patents-china-based-researchers-2024-08-29/ --- That said, if Nvidia's new take on Moore's Law is "every couple of years we give you a 15% increase in performance, with a 20% increase in price (before resellers) plus a 20% increase in power consumption, ain't we great?", then... at some point we'll have a repeat of the solar panels, electric vehicles, etc. shifting from its original developers to China.
I'll be looking to buy this gap down if/when it stabilizes, preferably a bit lower, although I'm not too happy buying in front of the FOMC and in front of a bunch of reports from Intel, SMCI, AMD, Apple, Microsoft, etc. Edit: also stopped out of my nice JGB shorts will look to reenter. I closed the short on oil on Friday because I'm paranoid about weekend energy gaps... and of course, this time it would have benefited me
nice overnight move! I missed all the fun. Took a bath on my latest attempt on the ES on Friday (after a great day on the ym) at EOD taking me from very green to BE on day lol. It happens! But at least I didn't hold it as this overnight move would have stung! Hope some of you caught it Only one trade today so far (took another day off work!! lol). Just on the spreadbet account, but shorted NQ for a few. Back at US open. Hopefully we get some good moves
This is getting a bit TOO interesting... That's 20000 USD short one NQ (at the ON open, without the gap) Edit: if we end up the day in the green, I'm buying V-man a bottle of V-whiskey
On a few small long sided trades on YM overnight/European market. Was too scared to try it during Asian market. Probably leaving gains on the table but I’m done for this session. I imagined you would be holding longer for much larger returns as I exited. And…YM just went up 30 points to 44300. lol edit: and….60 pts
Quite the overnight move. Looks like no chance to short around evening session open. I now consider the trend down, at least short term, as the previous session lows, and for that matter, the previous weeks lows were taken out. Will be looking for shorts this week, but not necessarily today if we stay above RTH opening range and don't touch at least 6040 to 6075 area.
It usually takes the incoming GOP admin a few years to tank the economy and wreck the market. I guess this being Trump's second time around he's been through the learning curve lol. Covid 2.0 incoming? I saw figures the other day that said the American people lost 3.7 trillion in income and wealth due to the Pandemic, while at the same time the country's billionaires increased their wealth by $3.9 trillion. The question for financial physicists is where did the extra .2 trillion dollars come from? I'm glad I know a bit more about how to trade this time around than I did last time. Anyway, I had a big night overnight and somehow managed to catch a lot of that move even though I was back to my old in and out ways. I'm stone exhausted. Like @theapprentice I called off work today. Between watching the playoffs and then trading overnight, I need about 12 hours of sleep before I go to bed tonight. Trade well, all.
Every time I throw my money management away and go rogue, bad things happen. Money management does need to match the edge of the system you are trading. I can show you a lot of methods where applying a 2:1 R/R's will take your balance to $0 very quickly, and I can show you methods where using an R/R less than 1:1 could make you rich over a few years if you have the discipline to stick to it.