I'm talking about understanding the math used (stochastic calculus) at the derivation level, being useful in understanding sampling theory, were one so inclined.
What are you correcting me about?
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Buying Gamestop shares
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I'm talking about understanding the math used (stochastic calculus) at the derivation level, being useful in understanding sampling theory, were one so inclined.
What are you correcting me about?
I wasnt correcting you. dont be so defensive. I was saying since it was created for options, i was curious how you felt it would have helped with the GME debacle because i certainly dont know. If you knew, i would be interested in learning. This post was about GME so i ASSUMED you were sticking to the main thread discussion.
Yes, and now noted in the post.
Not me, I trade YM for my adrenaline rush here at the desk.
you are a glutton for punishment. Are you on any permanent medication to deal with it. I could not do it. Its easy cuz its the Dow, it comes with too much overhang for me ... the leverage. What is your platform of preference?
Either way, i wish you the best. you are a better man than me as i couldnt do it.
Reward is preferable.
No. Just many years of watching charts of many kinds.
It trends, but tends to range within that trend, usually giving you an out for a less than well thought out entry, if you are patient, and can stand the pain for a day or three.
You don't want to take on an amount of risk that causes you discomfort, with any trading vehicle.
I'm just using the Schwab platform (was Options Express, I think, before they got bought), dorky as it is.
The important part is to plan a good trade, not how many bells and whistles you have to play with.
No "indicators" in use.
I watch the price action (the dance), compare with what ES and NQ are doing, draw a few lines, jump in and see how long I can hold my breath.
Today, due to the big rise (that I missed though I was staring right at it) I expected and received some reward for shorting it at the end of the day.
Got in a little early, so felt the pain for a while. Don't panic, let the plan play out or fail.
5m chart, YM - Dow $5 futures
Goal was 100 DOW points, or $500, I chickened out at $415, but it continued on a little past the original target before snapping back.
"The dust blows forward and the dust blows back" - Don Van Vliet
That's ok, it'll buy some groceries, a couple of tows to 3,000 feet, pay the Instructor his fee, and buy gas for the round trips to the glider field.
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Naaah... This is ASR after all. A loose connection is all that's needed as an excuse for a post. Plus, it ties it all back to audio through the math.
I'm not aware of any predictive math that could have done anything positive with that situation. What a clusterfuck. That's the stuff that makes modelers cry.
I had assumed you would recognize Shannon-Nyquist (sampling theory behind digital music), but maybe you thought I was referring to a stock or something.
Anyway, we'll likely be talking about pineapple pizza on some thread soon. Been too long.
Cool, not much on this board i can add any value to but pineapple pizza is a sacred commodity so be very careful where you tread. I dont care if you are the mod or not. i wlll risk being tossedNaaah... This is ASR after all. A loose connection is all that's needed as an excuse for a post. Plus, it ties it all back to audio through the math.
I'm not aware of any predictive math that could have done anything positive with that situation. What a clusterfuck. That's the stuff that makes modelers cry.
I had assumed you would recognize Shannon-Nyquist (sampling theory behind digital music), but maybe you thought I was referring to a stock or something.
Anyway, we'll likely be talking about pineapple pizza on some thread soon. Been too long.
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As noted above, I am not a financial professional (of any kind). My doctorate is in English and Urban Studies (which might very well generate some lolz around here), and for reasons too idiosyncratic and tedious to go into, my doctoral work focused on the connection among changes in political economy, urban development, and popular culture in the U.S. from the 1960s to the '00s. Some of the framing touchstones would be Marxist-influenced work on geography and political economy, including the French Regulation School and David Harvey's work on neoliberalism.
The Wikipedia entry on the Regulation School isn't super clear, but for what it's worth: https://en.wikipedia.org/wiki/Regulation_school
Here's the entry on Harvey: https://en.wikipedia.org/wiki/David_Harvey
But again, I don't think one needs to know about any of that in particular in order to examine the overall U.S. economic trends from the early 1970s onward, when a series of economic jolts and changes transformed the economy and shifted the center of economic profit from manufacturing to the expanded FIRE section (finance, insurance, real estate - plus energy in the case of the U.S. and some other nations). Capitalism has always been about finance, and therefore about speculation and gambling (e.g. the Dutch Tulip bubble in the 1600s). But the current period of financial mania, which began around the 1980s, comes after the end of a prior period from World War II to about 1968-'73 of unprecedented economic growth in the U.S., fueled by manufacturing. The shift from an economy dominated by manufacturing to one dominated by finance is, I think, pretty well documented.
The other thing that i find very interesting is the cyclical nature of economics. It started in asia, migrated to Europe, came across the pond to the US and now, I will guess (but i have no idea) it is time once again for the power to shift back east, this time to China. If people arent prepared for this, what i think is the greatest economic challenge we face, they will be decimated. In my mind, its not a matter of if but rather when. All i can hope is i wont be around long enough to have to go through it
I definitely agree with you regarding the financialization of everything. It turns it into a casino. But rather than bitch and moan, i believe you need to accept it, and find a way to capitalize from it since you have NO control. Unfortunately its gonna happen no matter how much we protest because why> our elected officials (and those in non-political power) are moving us in that direction. I am not going to sit by and watch. I just hope i am smart enough to find a way. I am very thankful every day that i do not have any kids as i fear for where we are going.
And dont get me started on the new forms of monetary and economic theory such as MMT. What could go wrong with giving everyone a 100K a year to live on?
YM has danced back up to my entry price, making my "take the money and run" exit an agreeable choice earlier.
because you think you can sell the in the future for a higher price or because like blockbuster, the stock certs will look cool hanging on your wall one day? LOL I have some 100000 Trillion dollar zimbabwe currency hanging on mine.
Was the net a break even or a profit?
Curious, not picking on you. I find human behavior the most interesting part of people buying stocks. Since this was your first what was your motivation. FOMO, everyone is doing it and you dont want to be an outsider, you found a good entrance as you are a technical analysts and felt the risk reward was ideal at that point?
Congrats. I love it when people make money
But, dont i deserve to share in some of the profit due to my ongoing encouragement?. Share the wealth because if you don't, some members on this forum will criticize and attack you due to your skills and capability (and because they lack them) and your financial elitist attitude
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Nahh not much thought went into the trades really, I'm a redditor through and through and I just did it for the memes and just chipping in for the cause. If you spent a little bit of time on /r/wallstreetbets you know what I'm talking about. It's not like I'm risking my life savings or anything of that sort. It's just some money that I don't mind losing if the stock ends up plummeting to the ground, that's all.
edit: grammar
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Promit
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I got out yesterday with my account still firmly in the green. Lotta people aren't gonna be so lucky. At one point it would've bought me a kitchen renovation, but I was too swept up in it. It'll still cover cabinets.
My opinion is that the short squeeze actually happened when the $20 stock blasted upwards past $450, and was promptly kneecapped by the Robin Hood shutdown. Choose whatever conspiracy theory you like, but that was the end of it and I'm pretty sure all the shorts have exited or rolled, maybe even put some money back in with the right calls and puts bought at the right time.
My opinion is that the short squeeze actually happened when the $20 stock blasted upwards past $450, and was promptly kneecapped by the Robin Hood shutdown. Choose whatever conspiracy theory you like, but that was the end of it and I'm pretty sure all the shorts have exited or rolled, maybe even put some money back in with the right calls and puts bought at the right time.
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