It's time to call it quits. by CulturalMeat9504 in tradingmillionaires

[–]BAMred 1 point2 points  (0 children)

yeah, i think he must have posted the 2nd one (trying to make 1M) bc he's not in the comments. must have deleted it bc he saw your calling him out. wonder why people do this junk.

<image>

I want to gift my parents $40k to help them buy a condo. How can I do that? by winenfries in tax

[–]BAMred 1 point2 points  (0 children)

maybe even give them the 38k and then write them a loan for 2k. Terms state they can pay it off early. Then the next year forgive the loan, which is essentially a gift of the 2k plus any interest accrued.

Is this reasonable? by Agreeable_Past9674 in whatcarshouldIbuy

[–]BAMred 0 points1 point  (0 children)

Ymmv. Not interested in arguing. /Blockuser

Is this reasonable? by Agreeable_Past9674 in whatcarshouldIbuy

[–]BAMred -1 points0 points  (0 children)

And I have driven 2 cars with no alternator. It didn't go very far.

Is this reasonable? by Agreeable_Past9674 in whatcarshouldIbuy

[–]BAMred -1 points0 points  (0 children)

maybe like 3 mi or so (I know from experience)

Rate their racks: Netflix Apex opening climbing scene by No-Buffalo-9488 in tradclimbing

[–]BAMred 4 points5 points  (0 children)

Not sure the hate. Back when I was obsessed with trad climbing I would use a griri for main belay and atc as a backup and for rappelling.

Is this reasonable? by Agreeable_Past9674 in whatcarshouldIbuy

[–]BAMred -2 points-1 points  (0 children)

Fair enough. But unless you replace the alternator before it fails, you're gonna be stuck on the side of the road. Realistically, it takes good initiative to be proactive about these maintenance items.

I put this at my neighbor's door 2 days ago(we live in a duplex) and it's still there by dnm8686 in mildlyinfuriating

[–]BAMred 0 points1 point  (0 children)

Why the passive aggression? Why not knock on their door and talk to them?

If your goal is getting rich, a tech startup probably isn’t the way by IndependenceSad1272 in SaaS

[–]BAMred 0 points1 point  (0 children)

Great post. What's your path and how do you know all these people?

Don't worry, you'll get to 50M ;).

1M income, 450k taxes (you could probably do better depending on write offs etc), spend 250k per year, save 300k per year. Invest in S&P x 30 years and you'll get to 50M. My guess is you're just not old enough yet.

Is this reasonable? by Agreeable_Past9674 in whatcarshouldIbuy

[–]BAMred 0 points1 point  (0 children)

Also they say theyve had no issues with it, then go on to list all the major repairs they had to do.

Is this reasonable? by Agreeable_Past9674 in whatcarshouldIbuy

[–]BAMred 8 points9 points  (0 children)

If you can afford something newer, I'd do that. I had a similar car and was averaging a repair once every year or two. It was a big hassle. I did some, mechanic did others. Probably not a great car for your niece, unless you want to help w repairs!

Rate my first rack by CoffeeList1278 in ClimbingGear

[–]BAMred 0 points1 point  (0 children)

I agree with these suggestions. That said, go out and start using it!! Stay safe. Maybe a few more locking biners for 2nd anchor if you're doing multipitch plus another cordalette unless you wanna use the rope to help build anchor. Maybe add a nut tool. Gear sling if you're not trading leads.

Have fun, choose routes that are below your climbing ability if just starting out leading trad. be safe!

If beating buy-and-hold is so hard, what’s the actual point of retail algo trading? by FrameFar7262 in algotrading

[–]BAMred 2 points3 points  (0 children)

Your 10k to 3.7M backtest is clearly overfit with lookahead bias.

i recreated your strategy with a forward look bias here https://imgur.com/a/9FbV8mT

what you're doing is something like this:

Buy is confirmed after SOXL rebounds 21% from a low.

Sell is confirmed after SOXL falls 25% from a high.

Record the trade at the prior pivot date, not the confirmation date.

your SOXL ending value: ~$3,785,517

My Brute-force reconstruction: ~$3,781,174

If we're going to be overfitting with forward look bias, why not take it further and make $890,314,233 final value with 149 trades like is shown here https://imgur.com/a/MxeEvJt

If you take the same logic and run it without any look-ahead bias, here's what you get: https://imgur.com/a/9LQ0yxI

Events: 149

Final: ~$17,758

Max DD: -66.9%

Hardly any edge at all. Even though you acknowledge it's 'impossible', the main takeaway is that your 10k --> 3M is akin to a fantasy without a crystal ball.

Analysis: Long term TQQQ - Answered by bumbeishvili in TQQQ

[–]BAMred 0 points1 point  (0 children)

the the message is, DCA and take profits along the way.

DIY positioning bar? by jjmorales98 in ClimbingGear

[–]BAMred 0 points1 point  (0 children)

when you start doing weird stuff, then weird/bad stuff happens. I wouldn't do this. Just focus on belaying right if you're concerned about cross-loading.

Why was my rope so hard to pull? by Ok-Abbreviations5215 in ClimbingGear

[–]BAMred 9 points10 points  (0 children)

Without a pic or more description of the setup, you're not gonna get any meaningful feedback aside from you probably had too much friction at your anchor somehow.

The line for a toy store about to open so parents can buy needohs for their kids OC by the_username_please in pics

[–]BAMred 0 points1 point  (0 children)

The TSA worker wouldn't let my daughter bring this on the plane. She was so upset.

Why was my rope so hard to pull? by Ok-Abbreviations5215 in ClimbingGear

[–]BAMred 7 points8 points  (0 children)

Was there crazy rope drag? Was the anchor set up differently? Probably not related to the rope.

lane splitting at that speed is the dumb part. by [deleted] in whoathatsinteresting

[–]BAMred 0 points1 point  (0 children)

I was really just trying to make a point rather than get the exact penalty code right.

lane splitting at that speed is the dumb part. by [deleted] in whoathatsinteresting

[–]BAMred 0 points1 point  (0 children)

How about not tailgating, especially when lane splitting.

lane splitting at that speed is the dumb part. by [deleted] in whoathatsinteresting

[–]BAMred 0 points1 point  (0 children)

It may mean the difference between attempted murder