Many years ago, I didn’t think it would ever be possible to have BETTER trading
conditions than the actual trading floor … of course, nobody envisioned high
speed electronic trading like we have today … that was stuff straight out of
science fiction … well, here we are, and although for the times they existed there
were some pretty good markets, in retrospect they couldn’t hold a candle to
what’s available to the public today … and you don’t even have to lock yourself
into commuting into shitholes like Chicago or New York, where no human should
have to live, just to get great trading conditions.
Now anybody … literally ANYBODY with a few bucks in his/her pocket can trade,
and have trading conditions light years better than what I had when I started my
floor trading career in Murder, Inc [a/k/a Chicago] … quite frankly, and I told this
to Miss Gimpy in all seriousness, along with her parents who were shocked &
dismayed to learn of her leaving “indoctrination camp” to become a full time
trader … give her another month, and she’ll be making more than her parents
COMBINED are making after about 1 year of trading … she’s only in her 20’s, she’s
got a long way to go … in this day and age, unless you’re into STEM, college is a
complete waste of time & money … and don’t anybody give me this shit of,
“money isn’t everything” … yea well, try living in the Caribbean or being married
to “The Mrs.” and being broke, and see where that gets you … I’ve been rich and
I’ve been poor … rich is better.
Why would anybody in their right mind want a stupid corporate job, making
others wealthy, while you get paid shit and do all of the work? … As I told Miss
Gimpy, get to the point where you’re trading 5 - 10 BTC at a clip with zero worries,
and make a few thousand a day … then do whatever you want … everything you
need is right in front of you … backtest the algorithm to your heart’s content, and
then trade it for literally ZERO COST [almost] … it’s like I’m on a trading floor
again … deja vu baby!
Turning to today’s “Slots-A-Rama” inside the world’s biggest casino, not much
happening even in crypto … Bitcoin rather quiet, which just means the springed
coil is getting ready … gold getting monkey hammered cuz they can … still way
too many people long, HODL-ing positions the scumbag bullion dealer banks
need to flush out before assaults on the ATH can commence … but, once $2100
is breached, look the Hell out on the upside as the entire world goes FOMO at the
same time, concurrently with a massive de-dollarization in financial markets
... the parabolic rise in gold & silver comes when OPEC goes to Yuan pricing of
oil … and if you don’t have “phyz” by then, good luck getting any for a while.
Meanwhile, another day of straight down, turn on a dime and now it’s straight up
in gold … back to straight down… literally ZERO trading, only the usual wall of
dealer selling or wall of buying, and when the move is over, it’s either go the other
way or the Loser Formation … just a terrible market to trade cuz THERE ISN’T
ANY TRADING, ONLY BULLION DEALER BULLSHIT! … it’s pretty simple … right
now, gold is stuck inside the manipulation machine run by the Lounge Lizards at
the FED … they are stalling for time, hoping beyond hope things improve, cuz the
very last thing they want is for gold to hit new ATH and make headlines
everywhere … but, the next “crisis” is right around the corner with debt default,
then QE+ Infinity when CRE [commercial real estate] goes tapioca … the fact they
are clueless only makes the situation worse.
Into the New York afternoon, and the “VIX crush” is in full swing … even Bitcoin
today with an unusually very tight range of only about $250 for the last 7+ hours
and counting … talk about the “Flying Wedge of Death” [FWD], here’s the yo-yo
from Hell in all its glory … but, the coiled spring won’t stay “tight” for long, once
“whales” get what they want … gold a complete disaster, as not only do the
scumbag bullion dealer banks UP the spread, looking at the order box and you’ll
see “mystery” bid & offer ticks galore, indicating somebody somewhere just got
mugged, robbed, and raped … and now, there’s very little chance the trade can
even get out of the frickin’ spread … there’s just no way anybody should be
trading this shit.
No trades for the PAMM today in gold … everything, in terms of range and range
expansion, comes either in the Asian session, or the first hours of Europe … by
the time New York rolls around, it’s tiny straight shots inside the FWD, and then
the infamous Loser Formation … take the spread + slippage + commissions and
you got the best of all worlds for the scumbag dealers, and the worst trading
conditions you can expect for specs … to call this a “free market” is a complete
joke … it’s a manipulated slot machine run by thieves … if it ain’t movin’, you just
have to leave it the Hell alone or it grinds you into dust.
Bitcoin in the unusual position of joining the “Vix Crush” today … still, given its
unique VIX position and our superior trade conditions, it moves enough for the
algorithm to still get profitable results … “el mucho” algorithm buy signals today
in BTCUSDT … “The Syndicate” UP APPROXIMATELY 0.2% … and I can tell you
flat out, I had a boatload of trades today where the fact we have a 1 penny spread
saved out ass … when BTC doesn’t’ go, you exit … no fiddle fucking around
wondering about “shoulda, coulda, woulda” … liquidate and come back again
… quite frankly, this can’t be done at Binance, Phemex, or Coiness cuz their cost
structure is so much higher than IQCENT … I get instantaneous fills, and
somebody tell me how you beat a 1 penny bid / offer spread?
And while being up 0.2% ain’t gonna get anybody picking out the color of their
new Porsche, it’s better than losing money and having the whole amount go to
either the house or some set of scumbag LP’s … this from the worst day of
Bitcoin action I can recall seeing since the “nuclear winter” some moons ago
… as individual traders, whether you’re trading now or thinking about it, if you’re
not trading Bitcoin [or another crypto pair] @ IQCENT, you got some ‘splaining
to do with yourself, cuz obviously making and keeping money isn’t a priority for
you … I ain’t your Mommy nor your part time psychiatrist, so issues beyond
actual trading of markets and how to do it and providing readers with the
necessary tools to do it, I’m not equipped for that job.
Hopefully gold decides to get its ass in gear, but I’m not particularly hopeful on
that front … it feels like it’s stuck in mud from the upper 1900’s … breaks yield
nothing on the downside, and rallies can’t hold … costs to trade gold are high,
very high, and even worse for silver … add to this the fact that dealers beat people
to death with slippage and shit fills on mystery ticks … we all know they’re
complete thieves, that’s no secret … they fuck around crushing VIX cuz that’s the
metric that makes them the most money due to chop … and when there isn’t any
range to speak of, or it’s way below its 20 Day Range MA [like today], trading gold
is akin to playing a slot machine in Las Vegas … I don’t like your chances!
… onto tomorrow.
[And just as I go to post the blog, Bitcoin explodes in 12 minutes … UP about
$200 … like I said, you can’t keep the coiled spring coiled too long in a free
market.]
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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