Yeah real shame as Dest imo was clever, witty and brought many eyeballs to threads he was participating in. But it kind of reminds me of marketsurfer too, that guy had charisma and there were always fights with that guy, like Dest kept coming back with a new invented nic, until he didn't. Both those guys are clever in their different ways and hard to forget.
I miss Market Surfer too, I never understood why he had so many haters. MS was always decent to me. @Dest helped a lot of people here and outside of Elite untangle complex trading option strategies they had got themselves in to. He’s ruffled everyone’s feathers in the past but I thought he mellowed out a lot.
From what I can remember about MarketSurfer he used to trash day trading, trend following, technical analysis etc but then say Victor Niederhoffer and his methods were great, even though Victor blew up multiple times. He was also a really bad trader, although I like the fact he made real trading calls, normally on the short side, last time he was here in 2017 he made several short calls, none of which worked because it was a bull market.. definitely one to take the opposite side of.
Yeah, no. Different league altogether. They could both draw a crowd, but for different reasons. Not that I disliked surf. He otherwise came across as a decent guy, really, but he was an unrelenting uber doof in any number of trading threads he participated in. I think maybe he knew better, but liked to irk people.
So who lost three trillion dollars when apples market cap went up that much? who lost when bitcoin rallied to 100k from zero? it’s Econ 101.
Every Buyer needs a seller? Futures✅ Yes Stocks✅ Yes Every trade — in any market — must have a counterparty. No counterparty = no trade. What Is a Counterparty? A counterparty is simply the other side of your trade. You want to buy 1 ES futures contract? Someone has to sell it to you. You want to sell 500 shares of AAPL? Someone has to be willing to buy them. There is no such thing as a one-sided trade. Who Can Be Your Counterparty? Another retail trader An institution A market maker A high-frequency trading firm ⚡ An options dealer hedging risk ⚖️ Even the exchange itself in synthetic liquidity environments Every Time You Click Buy or Sell: You're matched against: An existing limit order (in the book) Or someone else's market order (hitting yours) And boom — matched orders = executed trade. Extra Truth: Even in dark pools, internalized order flow, or OTC (over-the-counter) trades — There is still a counterparty. It's just not visible on the public order book.
So the guy who sold for less than he bought (or bought for less than he sold) didn't actually lose? How refreshing.