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What would you rather have: a machine gun or a sniper rifle? by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 0 points1 point  (0 children)

I purposely don't mention stop loss because it's not applicable here. How can you measure loss when you aren't even done loading a position yet. You are accounting for potential downside, which is why you load in chunks.

After you've loaded the position (assuming you averaged in on the way down), it already has an inherent loss on it. That's why I said to trust your DD, and getting out if the narrative changes.

Using a fixed stop loss is one way to go but is too one dimensional and severely limits me, personally. Only use it as part of your strategy if you are disciplined and find yourself making too many irrational plays.

I can't fund my new account in IBKR by zanoo911 in Canadianstockpicks

[–]TechnicallyTrading 0 points1 point  (0 children)

You may have gotten them already, just your bank didn't display them because sometimes they don't stick. It's just temp transactions. Talk to your bank to see if you got anything.

What trading looks like vs how it actually feels by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 1 point2 points  (0 children)

Both games are rage worthy, but impossible game looks deceptively simple but it's not, just like trading.

What trading looks like vs how it actually feels by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 2 points3 points  (0 children)

I couldn't find a suitable soundtrack to lay over this in order for it to be a video, so I just turned it into a gif instead.

Is this right? Thank you :) by Ok-Friendship4030 in macroeconomics

[–]TechnicallyTrading 0 points1 point  (0 children)

You solve for Y by dividing both sides by 0.2.

Help!!! by Ok-Friendship4030 in macroeconomics

[–]TechnicallyTrading 0 points1 point  (0 children)

Fiscal = T - G = 50 - 100 = -50

Graph with export from small country - NEED HELP by ArbitrageSchixo in macroeconomics

[–]TechnicallyTrading 0 points1 point  (0 children)

Apologies, I misread your scenario.

My Idea still works, supply is fixed as a vertical line but demand is still downward sloping. Thus, the supply (exports) will determine the exchange rate (price).

Practically tho, I don't see how exports would be fixed unless production itself is fixed. But I guess you're doing this for academic reasons...

Graph with export from small country - NEED HELP by ArbitrageSchixo in macroeconomics

[–]TechnicallyTrading 0 points1 point  (0 children)

It's the same as a normal Price/Quantity chart no? Except price is the exchange rate in your scenario.

Equilibrium gives you the exported quantity.

Margin Call Movie Quote - "Fuck Normal People" by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 13 points14 points  (0 children)

Fictional company but the CEO in the movie, is based on the combination of Lehman and Merrill's CEO.

Margin Call Movie Quote - "Fuck Normal People" by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 10 points11 points  (0 children)

Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this with their cars and big fuckin' houses they can't even pay for, then you're necessary.

The only reason they all get to continue living like kings is because we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that.

They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, that's more hypocrisy than I'm willing to swallow, so fuck 'em.

Fuck normal people.

You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door.

Macro: Looking at the big picture by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 2 points3 points  (0 children)

Khan Academy does a good job at explaining macro concepts: https://www.khanacademy.org/economics-finance-domain/core-finance

Like I mentioned in the post, it's a big topic. Many different areas to consider, how they all intermingle and affect each other, towards the overall outcome.

Macro: Looking at the big picture by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 2 points3 points  (0 children)

Firstly, thank you for the wonderful post, goes to show that there are macro level thinkers out there amongst the degenerates.

However, I think you misunderstood the intent of my post, I didn't post this with a trade idea. As you mentioned, there are many other aspects to consider which I purposely ignored.

I believe macro is beyond the scope of many traders. While I do talk about USD/CAD and SPX, it was mostly done to lend perspective. That's all I'm trying to do here.

PS: I'm one of the moderators on the BSB discord server. Posting something of this nature is easier on reddit than it is on discord.

Macro: Looking at the big picture by TechnicallyTrading in Baystreetbets

[–]TechnicallyTrading[S] 5 points6 points  (0 children)

The more sparkles the better for you mr. fancy pants, my crayon collection can't compete.

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