We get so much propaganda thrown at us each day it’s frightening … nowhere
is this more pronounced than in schools, business, and government … it’s
amazing anybody is sane … trading finance has its own concentration of
scumbags, and you don’t have to look far to see them … Wall Street banks.
Before I retired last night, I had a nice long talk with the Mrs. & Miss Gimpy
about trading … both now having been in it for quite a while so they have some
perspective … it’s a maze of hornets, and through it all we have to deal with
scumbag liquidity providers [LP’s], whose only purpose is to screw specs for
their own benefit … trade longer than 10 minutes and you’ll know what I’m sayin’
… inventorying today’s traditional markets and I want to go puke … corrupt to
the core and manipulated beyond belief, very little of it resembles a “market”.
And then there’s crypto, which has emerged from a “nuclear winter”, where
everything that could go wrong, went wrong for the industry and trading space
… from a brutal interest rate tightening cycle by the Lounge Lizards, to
bankruptcies of Silvergate, FTX, and a bunch of others … but, innovation
triumphs, and crypto ain’t going away like some would like cuz they have their
vested interests they want protected … the one shining achievement of crypto
is its ability to operate and thrive outside mainstream finance and prosper … and
let’s not forget government, which at every turn wants it dead but will never be
able to do that … the horse is out of the barn and ain’t goin’ back in
… decentralized finance only gets better no matter what POLS & Apparatchiks
dream up to kill it … it’s a threat to their power & control, and that’s what
scares them.
Many people thought these recent bank failures would see crypto get monkey
hammered … not so … all they did was point out counterparty risk and how to
escape it … Bitcoin does that, and don’t anybody give me this shit about “well
what if the internet goes down?” … this “straw man” won’t fly … and what it
means to trading and traders is simple … “a free market without interference
made up of specs, with almost no interest from scumbag banks” … yea, there are
“whales” who push price around … so what? … they help create volatility, which
we as traders like and need.
Nice moves in crypto in the Asian session [of course], where even gold moved
some … get to New York and it’s a nightmare of bullshit nothingness … crypto
still moving [of course], but so called traditional mainstream markets can’t do
shit … manipulated and dead, what else is there to say … and quite frankly, given
conditions at IQCENT, there isn’t any good reason to trade anything but crypto
given the movement and unreal low spreads … why? … most days, gold is
bullshit … and far too often FX is a joke … somebody check the morgue and see
if EURUSD AND GBPUSD happen to be in there … talk about non-breathing
bullshit markets going nowhere and doing nothing day after day, week after week,
month after month … seriously, WTF whatever it is, it sure as Hell ain’t a “market”
you want to touch or get involved in, unless you love giving money away to
scumbag LP’s … and “Stock Bellies” are run by the 0DTE options crowd now
… pricing stinks, spreads stink, and the stench from LP “scumbaggery &
fuckery” on every order and transaction would make a maggot gag.
Miss Gimpy today with nothing but smiles, and why not? … Bitcoin today with a
$1,500+ range, and she’s trading it at IQCENT with 1 or 2 penny spread AND NO
GAS FEES [that’s no commissions for you Biden voters getting up late.] … and
just as good, Ripple [XRPUSD] with a 700+ tick range, trading at the 4th decimal
place, with a spread of $0.0001 [1 tick] AND NO GAS FEES … take your pick
… either of these light years better than any of the shit I have at Coinexx.
I mentioned yesterday that IQCENT has “copy trading” … simple, fast, easy
… every account is eligible to have their accounts be followed … it’s done by the
system, and once you break the “Top Ten” of traders there, you’re eligible to
receive “copy trades” … you don’t have to do anything, it’s done automatically by
the system.
Here shortly, I’ll be opening my account at IQCENT to trade Bitcoin [BTC]
… “The Syndicate” is born again!! … I’ll post when I do this, as well as when I
break the “Top Ten” of their traders … with these kinds of trading conditions and
the trading algorithm, it’ll be sooner rather than later … I’m anticipating a “race to
the top” versus the Mrs. & Miss Gimpy … this will be wild to say the least! … stay
tuned.
Turning to today’s pile of manure called “markets” … it’s deep and it stinks!
… Noon in New York, and gold has been in a $5 - $7 range for over 7+ hours
… ughhhh! … USDJPY some movement but choppy as Hell … the rest of the
board put in a casket and call the funeral home for services … yea, it’s that bad
… as I write, gold hits a new low for the day, extending the range to about $10
… this after threatening a new high an hour ago … news? … nope, just the usual
dealer bullshit of yo-yo screwing specs … get ‘em to buy highs and buy back
from ‘em when they sell the lows.
Now into the New York afternoon, and gold threatening new highs … all inside a
nothing range, while dealers have their way with specs … new highs, new lows,
new highs, etc., what bullshit … all on “Trading Ratios” [TR] that stink [below 3]
… USDJPY even worse … multiple trades in USDJPY today … PAMM DOWN
ABOUT 0.1% … chop chop, and plenty of LP “scumbaggery & fuckery” on fills
… quite frankly, I’m sick and tired of being sick and tired of this bullshit in FX
… they simply can’t stay CONSISTENTLY volatile enough for good trades, and
when we get hosed by LP’s or the market chops, we get caught in chop with no
movement that we need to see for good results … screw FX.
Going forward, I’m gonna trade either ETHUSD, and bite the bullet paying more
than I should versus IQCENT’S trading conditions, OR trade gold … there simply
isn’t anything else you can justify and have it stay consistent … realizing gold is
no bargain most days, but it simply has its moments … the only thing worth
trading anymore is crypto … not like the old days with wild ranges, but more
constrained … still, though, worth trading cuz they move and the trading
conditions are relatively above average at Coinexx for ETH … yes, we’ll get ripped
off for a few bucks over & above what we could be doing at IQCENT, but we don’t
have a choice in the matter … can’t trade Bitcoin with a $35 per 1 lot “vig”, simply
cuz that shit adds up quickly, and over time is a tremendous amount of money
being given away to a bunch of scumbags for no reason.
As I said earlier, “The Syndicate” will be returning to IQCENT and trading Bitcoin
[BTCUSD] soon enough … our returns over at PHEMEX when we were trading it
over a year ago were very good, in excess of 100%+ p.a., and that was with
conditions that were far worse than what IQCENT has now … gone are the days
of $4,000 - $8,000 per day ranges, and millions of “rube” specs throwing money at
crypto … but in its place is a more refined market that still moves and can rip your
face off if you’re not careful … all that matters in trading is making money
… crypto has it, and other markets don’t! … simple as that … having talked with
Miss Gimpy earlier, I seriously don’t think she’ll ever look at the shit on the MT4
again for trading … ditto for the Mrs. as well, as markets are just not consistent
enough for them versus what crypto has to offer, especially now at IQCENT
… she’ll use her account for charting and the algorithm, but she won’t ever again
look to trade their shit markets, as long as crypto is around, and crypto is only
growing more [especially Bitcoin] in mainstream acceptance … can’t blame her,
in fact I’m joining her! … I AGREE WHOLEHEARTEDLY WITH BOTH OF THEM!
… TR in BTCUSD as I write is ~ $27, and with a 1 cent spread at IQCENT IT
BECOMES 270, WHICH IS UNHEARD OF IN OTHER MARKETS … and you
seriously wonder why she’s there? … onto tomorrow.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Long live crypto! 😍
... Onward & Upward!!
-vegas
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