Welcome to crypto trading, where the thieving never stops, even after they set
bid/offer spreads to such outrageous levels, and they still fuck you without so
much as a kiss! … nothing like a $700 powder brick right in the face, where any
& all sell stops got filled at the bottom … and if you’re one of ‘em, congrats cuz
you just paid the tab for these scumbags New Years Eve champagne … “oh, we
filled you a little lower too, cuz we all like those weenies with bacon wrapped
around ‘em for munchies … thanks & come again soon”!
Say whatever you want, but they made off within 90 seconds more than most
people make in 10 years, and it’s all brought to you by “fair & honest” markets
from your friendly HFT, where increasingly the evidence mounts they’re 100X
worse than the scumbags LP-ing over in “Stock Bellies” & FX … and again we
go to the order tick chart for some random bids & offers directly below.
“Oh, want to buy BTCUSD? … great, here’s a $10 up spike in the offer for no
reason cuz we can, & enjoy your fill … OH you want to sell it? … great here’s
another $10 spike lower in the bid, congrats you sold the low … and what this
proves is that the bid/offer you’re seeing on the screen as it flashes by IS A
COMPLETE SCAM”! … like I said yesterday, $20 at a minimum, and it could be
$50+ if SHTF … and if you somehow think you can make consistent money
trading BTC with shit “vig” like this, they’re looking for you in Las Vegas for any
table game you wanna play!
How ‘bout ETHUSD? … directly below.
Buy it, and get filled at the offer top guaranteed … sell it and get filled at the bid
bottom guaranteed … all told almost a REAL $1 spread versus quoted around
50 cents … “these are your Turnkey “fair & honest” HFT LP’s at work thieving
their way into your account … and it’s not even busy as I write … when SHTF, the
poor dears cry, “DUH, market conditions, DUH!” and rape you even more … what
a complete scam.
How ‘bout LTCUSD?
“Well now, isn’t that drop in the bid special, blowing out the spread for what
exactly? … nothing other than pure unadulterated GREED cuz they can” … and
when attempting to trade LTC, this is the kind of shit you have to watch out for,
cuz if you’re long and it starts to roll over, don’t think for a second these assholes
are going to make a fair market … “I don’t see anything in “Liquidity Provider” that
says “fair” & reasonable fill” … you have to SELL on the way up and live with the
consequences, otherwise you hit the sell button and get a shit fill at the bottom
bid … and when you & others are done, it goes right back up! … “thank you,
come again”! [“Pssst! … we just love those weenies wrapped in bacon”!]
And it’s been over an hour & a half since the “Great M1 Slaughter” in BTC, and
of course the market can’t exceed or extend anything even close to the tips of that
M1 clusterfark! … so Skippy, tell me how you make money with a $20 - $40+ spread
and come out alive? … cuz what’s happening now is that the M1
“Thelma & Louise” red spikes from hell on the downside, are suckering in the
Dopes to BTFD with impunity … very, very soon one of these is gonna be followed
by a “dead cat bounce” and what happened on Thanksgiving when it went down
over $3,000 will look like mild profit taking [thank you Bob Pisani, CNBC permabull
hack] when the other shoe drops … and from where I’m sittin’, the air up here in
BTC is getting awfully thin … cuz the dirty little secret is, there isn’t any warning
when it comes, and the entire world is like “deer in headlights”, with about 99.999%
of all specs long out the wazoo!
Without some kind of impetus, sidestepping the LP crooks is a very tough battle
… it would also help if any of this crypto shit actually moved while I’m awake!
… I’m pretty fucking sick & tired of waking up every “Hoover Dam” day and seeing
algorithm moves either right before, during, or at the end of the Asian session, as
the “Chuckleheads” panic buy, then panic sell, rinse & repeat the night away, and
I’m either eating, running errands, or sleeping … and maybe we get one move in
the early European session, or an M1 slaughter with no follow through like today,
but for the most part it’s pissing me off greatly!
And speaking of being pissed off, the assclowns at TradingView are doing a
“bang up” job of getting underneath my skin … I need 5 “reputation” points to
post there with charts … “OK, how the fuck do you get these points”? … scanned
their entire bullshit website and there is ZERO … and of course, with ZERO
customer support and no email support or live chat support, how the hell am I
supposed to figure these byzantine house rules out? … screw ‘em … and unless
some of you that are now “following” me over there can tell me via email WTF to
do, my stay at TradingView is gonna be super short … what a bunch of asshats.
Quite frankly folks, what with me dealing with the “Locust Hordes” eating me out
of house & home, crypto markets not behaving while the HFT LP’s become bigger
crooks than the scumbag banks, and having to deal with all of the other hassles
in my life, it’s a wonder I don’t just walk out into the ocean and try to swim to
Europe … “oh but wait … I got FREE Gubermint money coming! … what a
completely fucked up world”!
OK, back to normal now, and you can wipe the tear from your eye … here’s a
tissue … come next week, if crypto stays “messed up” like it is now, and spreads
are the hot mess I’m looking at as i write, I’m not just gonna sit here and rot, I’ll
trade either GBPUSD [BREXIT now over thank goodness] or EURUSD for the
PAMM / MAM… cuz what we’re seeing right before New Years is complete
bullshit … maybe cuz it’s the Holiday, I dunno, but we’ll see come next week.
Again today, no trades in the TURNKEY PAMM / MAM.
I know, what is it I’m supposed to do here exactly, right? … simply nothing to do
with outrageous crypto bid/offer spreads … as I said yesterday, only LTCUSD is
anywhere near tradeable, and at times [see above again the tick chart] it goes off
the reservation and can’t help itself, blowing out right along with the rest of them
… since I hit the screen at about 4 AM Island Paradise Time [3 AM EST New York],
LTCUSD except for about 2 seconds has around a $3 range … some correlation
with BTC, especially on the downside, but BTC rallies aren’t giving any boost to
LTC, and that should make you wary of being long in this “Flying Wedge of Death”
[FWD] clusterfark inside a tiny range … you know what happens to crypto pairs
inside tiny ranges? … they become big ranges in about 1 nanosecond and
everybody not in the LP loop gets “monkey hammered” while the spread blows
out even further, and you’re either screaming blood or your winners are getting
major league short changed cuz of the highway robbery … end result is nobody
is happy … like I said, maybe it’s the Holiday period, I certainly hope so.
For “The Syndicate” multiple algorithm “market making” trades today in LTCUSD
… UP SLIGHTLY LESS THAN 0.10%
Bids & offers appear & disappear as fast as they’re posted … gee, do ya think
anybody is trying to “spoof” the “open order book” platform? … we scratched
out slight profits, but overall LTC remains thin and unless BTC does something
big, it drifts … the almost double in price since Thanksgiving is giving way to
consolidation … resistance above $134 feels formidable, but get it up there as
BTC is screaming through 29K, and who the hell knows where it ends up … all in
all, though, I’m extremely happy with PHEMEX and the range of markets offered
on the “open book platform” … almost ALL of our trades both entry & liquidation
couldn’t have been possible over at Turnkey cuz we either ARE THE BID, or we
ARE THE OFFER, and there’s no competition from scumbag banks, where we
have to always buy their offer and sell their bid to get in … that, and here at
PHEMEX, “limit orders” really are LIMIT ORDERS, and the scumbag LP can’t run
stops and then come back and say to you, “Ahhh yea, we tried to fill your limit
sell at 79 but couldn’t [even though it went to 87 bid], so we sold it at 59 for you
at the next available bid”! … seriously, what a fucking joke that is, but that’s what
you get on the MT4 or MT5 … and did I mention we GET PAID for making a
market? … does that ever happen at Turnkey? [bwahahahaha]
Checking the “spot” markets in crypto at PHEMEX, today sees BTC have $4 - $8
ranges between bid & offer, and when it gets “nutso” it balloons as well, but
comes back very quickly to that normal spread … sure makes paying $20 - $40+
at Turnkey seem like a great deal right? … sure, for the HFT LP but not for you
[again the weenies with bacon! … we love ‘em!] … over in LTC, the “spot” rate is
usually between $0.05 - $0.10, and is more consistent than the perpetual futures
contracts which see the “basis” fluctuate wildly … other alt-coins are equally
good, but ETHUSD [Ethereum] & BCHUSD [Bitcoin Cash] suck no matter where
you’re at.
I’m outta here … until tomorrow’s New Years Eve … can we just get 2020 over &
done with please? … Geesh what a shit year on so many levels … I’m full steam
ahead! … Onward & Upward!!
-vegas
No comments:
Post a Comment