KNOW HOW THEY ROB & CHEAT YOU!

 

“Know how they try & cheat you and fight back with profits!!”

They all do it … and I mean ALL … every brokerage house LPS [liquidity

providers] are scumbag thieves and crooks, and depending on the market

you trade, the real question is, “do they steal pennies or dollars” from you?

It’s a little different in crypto, and in today’s blog my intent is not to bash IQCENT,

it’s to make you aware of how their crypto LP [Thompson Reuters] tries to cheat

you in their “Scumbaggery & Fuckery” role … you have to know this or you’re

gonna get gutted like a fish for dinner! … directly below, from yesterday, a

screenshot of a trade I made when their LP held the bid down while

simultaneously raising the offer, only to have seconds later the platform

“whitewash” the whole thing and make you think there’s a 1 penny spread

… and when you throw in the distinct probability that management of IQCENT

gets part of this “slippage vig”, now you know how they make their money in

crypto … they make it from unsuspecting dumbass traders!

The green dot on the left is my liquidation trade from being long … while

Phemex is rising in price, IQCENT keeps the bid stagnant, but raises the offer

… finally when they “adjust” the bid, I’m right there AT THAT INSTANT

liquidating … and that’s the green dot … if it was a red dot, the trade would

have been a loser … YOU HAVE TO BEWARE OF FALLING INTO THIS

SCUMBAG LP TRAP!

I didn’t realize yesterday, that there’s a “bigly & yuge” OPEC meeting tomorrow

concerning production quotas … I came into today “thinking” WTI oil would be

choppy & nondescript … it gets monkey hammered, followed by a bottom from

which we get a buy signal, and then proceeds to go straight up for hours

… straight down / straight up … right, good “thinkin’ there Chump!” … lesson

learned in oil … treat it as a crypto pair and go from there, cuz all of your

“thinkin’” will only lead to confusion … No trade in oil today, simply cuz I

missed the signal and fucked up … no sugar coating this … won’t happen again.

Over in crypto, a bullshit day in ETHUSDT, with about a $40 range, but for the

most part it’s been only about $20, as it yo-yos around the 2020 - 2040 area

… trips multiple times to both sides of that, which aided in getting buy signals

… “The Syndicate” doing a few trades, but not much to do with discounts being

few and far between … still, the trades were there … UP APPROXIMATELY 0.2%

on light volumes … quite frankly, I’m still steaming over the oil trade I missed

… onto tomorrow and OPEC, plus whatever crypto throws at us.

… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,

and my own Brinks armored truck” 💓!! … Onward & Upward!!

-vegas