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With a week to go to the election, I wanted to share a few thoughts about the week ahead of us and how I’d like this community to comport itself.
Oscar Wilde once wrote, “Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.”. Almost everyone here has a mask, in the respect that they are essentially anonymous. This can, at times, cause people to act out. I am guilty of this on occasion, although I think I’ve done much better lately.
Simply stated, let’s try to keep our passions private and the information we share to be helpful, interesting, and illuminating. No need for personal attacks. No need for chest thumping. No need for nastiness. I have privately written to some folks that were feeling particularly strongly, and their responses have been courteous and positive.
Emotions will be running hot. Let’s all double-down on our self control. After all, that’s a crucial skill for a trader, no matter what. I’ll try to lead by good example. We are about to move to a historical pivot point.
I hate to say it, but I really like how Bitcoin has been shaping up. It’s a huge bullish base, and should it push well off $13,000 – – while it hardly makes rational sense – – it will be off to the races, in my opinion.
Shamelessly lifted off WSB………..these charts do look awfully similar. We seem to be at “Return to Normal“. And considering the risible and ubiquitous declarations that we are, in fact, at the START of a grand new bull market that will last another decade, I can only shake my head in astonishment.
The first release of Virtual Trading is humming along smoothly, and as people are using the system, the data set is beginning to grow. This is where things get fun.
As more and more trade data is created, we get a witch’s brew of profits, losses, trading strategies, and other information that’s going to be a lot of fun to slice ‘n’ dice. It also gives one the opportunity in SlopeCharts to see their actual trades in the context of a chart (the example below shows how I made a profit on my NKE puts – – aren’t I smart??? – – only to close it out before the options went into oh-my-God-profitable mode.)