My household is made up of Whites and a Mexican. One is a defense contractor, the others work at DFW. As far as my Leftest loving Somali friend, how he views women would make Bugenhagen cry, so I will not go into detail. Trading multiple contracts when I’m not running freight, but I’m a short timer as a trucker. Was not politically active during Obama’s terms. Was a anti-war activist during the end of Bush’s term. I distrusted Obama from day one, to the suprise of other Leftists in the protest group I was associated with. I became critical of the political process after reading a petition I was gathering signatures for that transfered the Hanford Nuclear Reservation cleanup liability from the Federal Government and defense contractors to the taxpayers of the state of Washington. Washington State residents were sold out by their Democrat “Representatives”. Odds are, if Democrats regain the Presidency, they will finish their job of selling us out for the benefit of themselves and foreign powers.
I'm rich and diversified, the stage 4 economic cancer is a problem for you. In keeping with the recent precipitous drop on IQ around ET as Trump circles the drain, here is a not quite fitting meme. Anyways, I have watched enough Scrubs. The Janitor is six five and I have been studying how they shoot him with small actors. I have lost loads of jobs because of this and dammit, I'm going to fix that.
Best wishes to you with your efforts into a competitive field. Not following you in the first part of your post. If you have the energy, please explain it to me.
I don't understand the money flows anymore, the economy is being pumped and the last time every Joe Soap was throwing money into the markets which were rotten.. 1929. Look, I just trade futures and I do it in a very simple manner trend following two instruments with a little AI spice to keep my zigs and zags in the green. I just have a baaaaaad feeling the piper has to be paid, but hey maybe for the first time ever it does not.
The money flows? The shorts are allowed to have a few hours of fun as the market makers quietly accumulate on the bids and eventually the shorts cover. The market makers are backstopped by the Federal Reserve, if needed. In my perception, we are closer to the beginning of a record bubble than the end. It is like it’s 1998 in the dot com bubble. A few more years to go. Along the way, we will see monetary debasement at a faster rate than normal, but it may not get crazy as tangible assets, except top quality land, will likely see tepid demand versus historical norms. There are demographic headwinds to the global economy with Baby Boomers retiring and dying. There are cultural headwinds of “Less is more” and the shared economy reducing demand for manufactured goods. There is a high utilization of debt by all levels of government, by businesses, and consumers. Sounds pretty risky, doesn’t it? Speaking of risk, it does not seem risk taking and speculation are near historical levels that often preceed a reversal. Energy is plentiful as is land of various quality, allowing major economy stimulating infrastructure projects to take place, if needed. At some point, there will be a need for a reset, for which there will be resistance. How painful and how long the resetting process lasts will depend on leadership. Perhaps something along a Trump/Kamala type of Presidency and Vice Presidency would be beneficial, if the Vice President had real authority in their area of expertise. In other words, greater balance within each dominant political party is more likely to create a responsive leadership environment of the challenges in the years ahead. If you are thinking of getting back into trading, maybe do a little gamma scalping using ES put butterfly spreads for your negative deltas and leverage it to taste while you get acclimated again. Built in edge as you get convexity AND positive theta. Structure according to your preference and what the market offers: More convexity for less positive theta, etc. Hedge or overhedge your short deltas with ES according to the edges that may present themselves throughout the day as you’ve done before. Overnight, remain fully hedged unless you have a high confidence setup to take on some delta. With positive gamma, large moves in either direction will generate profits unless vega exposure becomes an issue. Try shorter dated bufferflys or have a vega hedging strategy. I would remain conversative with my exposure if not actually watching the position, although stops, alerts, or automation can provide a substitute to watching. Obviously, if put skew changes, the value of this strategy will change, but at least you may have a early heads up on a major sentiment change. If you don’t really understand some of the terms above, read up a bit and start smaller. Or simply wait for a four hour correction and then look for long setups for the rest of the week(Tongue in cheek)!
Yeah, you don't have a clue either eh? I don't as my general numberwang genius stats lady just keeps inhailing quickly, opening her hands expressively then deflating every time I ask her how this plays out. Well now, we did just get a butterfly, what do I irradiate it with again? I fucking hate options, bla bla oh fuck I did not know that could happen! Arg! I just lost my money is what I hear. I was a sniper, I don't like dying stupidly from Dunning Kruger disease. The amazing thing is I have made tens of millions and my options trading cousin STILL won't just do what I do and gives me that Greeks alphabeti spaghetti routine instead of listening. It's like a tar pit for trapping guys who are not as smart as they believe they are. America as a dictatorship does not fit in a stable world. It won't end well. Dems are fine.
Sure, it’s anybody’s guess how long a bubble will last. It lasts longer than anybody thinks it will. I still think we are in the early stages. Bit if I’m wrong, it wouldn’t be the first time. Ok, it sounds like you know about options. Grin. Are things ok with you? You seem distracted. Not focused perhaps. Someone didn’t steal your Irish Whiskey, mix it with Coke, and drink it, did they? While you go check your stash, I’ll respond to Scataphagoe’s thread on whether Trump should use Federal Troops to keep the rioters at bay.