As we wait for the “professional” faculty lounge Lizards over at the FED to
“wow us” with their brilliance this afternoon at 2 PM EST, a few things of note
… 1) yesterday’s blast off in Cardano [ADAUSDT] came courtesy of being added
to the Coinbase platform … 2) after complaining for what seems like an eternity,
Turnkey finally sees some major progress in its crypto bid/offer spreads … for
the last few days, a major upgrade [hopefully kickin’ some well deserved LP asses]
has seen spreads become totally competitive with the “open order book”
platforms, and if things are relatively calm, in BTC they actually have been quoting
BETTER spreads than either PHEMEX perpetual futures [spread + taker fee], or
BTC spot cash, where there are no commissions whatsoever.
Now to be sure, when SHTF in BTC and it starts to move thousands of dollars over
a few minutes, the spreads blow out everywhere, and there’s no place you can hide
or find what you’d consider a “tight spread”, cuz it ain’t gonna happen ‘til shit slows
down … so, I’m gonna give Turnkey the benefit of the doubt here and put BTC back
into the PAMM / MAM mix … together with GBPUSD, maybe silver & gold if they
ever stop being manipulated lower [a tall order], and the DOW30, there has to be
something moving to get us algorithm trade signals … getting BTC back, though,
is a big PLUS! … I will hold final judgement on the LP or LP’s that make the market,
so we’ll see what happens … so far, though, I like what I see these last days.
3) In case anybody was wondering, one look at the first hours of trading the NYSE
session DOW30, on FED interest rate decision day, and it’s a total clusterfark of
panic down & up … it makes no sense to trade this cuz you aren’t gonna get
decent fills even if you’re right … and if you’re wrong, it’s a nightmare … and it’s
why I almost never play this game, cuz it isn’t trading it’s gambling … although,
it’s getting tougher each week to discern the difference between U.S. financial
markets and a Las Vegas casino.
Well, that escalated quickly didn’t it? … “welp!, there goes some “Stimmy”
checks down the shitter … might as well be in Las Vegas playing craps, what the
hell is the difference? … not really a surprise to me, this psychotic reaction in
“Stonks”, cuz the FED has turned the entire country into a fucking casino, all in
the effort to enrich the 0.0001% … and they’ll keep doing what they’re doing,
which is “Brrrrrr” on the CNTRL-P machine, until the revolution sees their heads
rolling in the streets … can’t come soon enough IMHO … onto the presser, where
Spicoli will tie himself into knots to make sure you understand the indefensible
logic of debasing the currency to ZERO … I’m sure it’s for the children.
And the stage is set for hyperinflation down the road … do you realize that 40%+
of ALL dollars in existence, have been created in the last 12 months … trillions
more coming, debt through the roof, and we get this horseshit of uber dovishness
on the part of the faculty lounge Lizards … they don’t care if your standard of
living goes down a shit hole, they only answer to their ChiCom masters, where
anything to hurt the U.S. is good enough for them.
We did get a late buy signal off the algorithm, both in the DOW30 & BTC, but with
less than 90 minutes to the close, I don’t want to make them cuz the risk is far too
great this late in the day … everything will be here tonight in Asia & tomorrow,
and chasing any of this shit in the late New York session 99.99% of the time leads
to severe heartburn, cuz we all know the criminal types we’re dealing with at the
end of the day … so, no trades today in anything.
… outta here … “the future’s so bright I need sunglasses”!
… Onward & Upward!! 😎
-vegas
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