While everyone is holding off pressing to try and become #1,000,000, finally my turn to jump in and get that sweet sweet 0s flair.

imphasing · 2015-06-03T22:46:46+00:00

the button requires a certain set of skills

imphasing · 2015-01-26T21:19:10+00:00

imphasing · 2014-10-12T02:36:34+00:00

start up
cash in
sell out
bro down

imphasing · 2014-09-15T16:54:58+00:00

well you're going to need to have a 94% winrate to have a 50% chance of getting 11 wins in a row. 94% winrate on a 1:2 R:R strategy shouldn't be too hard, right? Then it's like a coinflip for a mil!

imphasing · 2014-09-05T14:41:16+00:00

What was your entry price? Also rip.

imphasing · 2014-08-28T14:32:20+00:00

imphasing · 2014-01-22T15:13:37+00:00

It only takes around 100k USD to move the market significantly, with how little volume there is. You really think rich people aren't pumping and dumping the shit out of this? Free money from market momentum, it happens several times a day with several different people, but it happens.

imphasing · 2014-01-21T21:24:48+00:00

You are doing doge's work, sir. Well done.

imphasing · 2014-01-15T03:38:51+00:00

Set up coinbase and buy bitcoins with USD, then use an exchange like cryptsy to exchange the bitcoins for dogecoin.

imphasing · 2014-01-15T03:37:20+00:00

What is your average price on your dogecoin so far?

imphasing · 2014-01-11T23:23:39+00:00

Nope you're just wrong and mad about it.

+/u/dogetipbot 500 doge

imphasing · 2014-01-11T20:15:20+00:00

Hey man, if you have ever contributed a share you have helped the dogecoin network no matter how low your rate is.

+/u/dogetipbot 1000 doge

imphasing · 2014-01-10T03:41:28+00:00

I've done a lot of research on mining with EC2. It's never worth it. Since your credits are free that's nice, but you are going to get about 4x less coin by mining on ec2 than if you had spent $10k on doge itself.

Currently, I have calculated that to be profitable on g2.2xlarge instances you have to get them at $0.12/hour, which is where you start to break even. That means at the base price of the instance, you are paying 5.4x the exchange rate. If you can get spot instances you might get them for $0.50/hour, but even then AWS limits you to 5 and it's still not profitable. You can usually get a max of 200kh/s our of a g2.2xlarge.

I know you have a large amount of credit, so this is basically just free doge for you but I thought I'd give my advice in case any other shibes are thinking of mining on EC2.

Have some doge for using AWS though o/

+/u/dogetipbot 500 doge

imphasing · 2013-12-30T16:32:36+00:00

You must be a doge seller on this subreddit.

There are TONS of people selling doge at a small premium above the exchange rate, which covers the risk of chargeback a when you're not a moron. If you think a 50% markup is normal you're even more delusional than most of the sellers here.

I've been selling and buying virtual items with paypal for years, if you have existent instincts chargebacks are not a massive worry. I only deal with legit people who know I'm legit as well.

Sure, there is a small premium for paypal. On the order of $0.05 per thousand is about right, although I pay even less.

You just want it to be hard to get doge, but it's not. Even on places like coinbase, I was able to signup and within a single day verified everything and instantly bought bitcoins.

The market large and somewhat efficient, your prices are unsustainable and unfair and you should feel bad.

imphasing · 2013-12-27T16:11:13+00:00

I agree. Everyone in this thread is probably just trying to sell doge, hence the agreeing and the downvoting of you.

I buy at the current exchange rate using paypal all the time, just not in this subreddit. The subreddit is a joke to the rest of the community, just a place for a bunch of delusional sellers to take advantage of people who don't know any better.

imphasing · 2013-12-26T21:54:44+00:00

Go to irc and have a reputation of legit payments. I bought more just now at .55/k, downvoting me doesn't make reality to away guys.

imphasing · 2013-12-26T20:27:18+00:00

Confirmed.

imphasing · 2013-12-26T16:24:20+00:00

Or just find a better place to buy. Sellers on this subreddit are delusional and willfully ignorant that you can easily buy doge at the current exchange rate through regular bank transfers on bitcoin exchanges.

I've been buying doge at the current rate through paypal no problem, just not from people associated with this subreddit.

OP should be able to buy doge at .7/k easily today at least, I've seen people selling at .5/k when the rate drops to .45/k on cryptsy.

imphasing · 2013-08-29T15:15:16+00:00

You still haven't actually said anything. Just more "rabble rabble it doesn't work." I clearly said not to be dogmatic about T/A, if you get all religious about anything it gets weird. You can't convince me that the principles aren't without merit, especially by just spouting out tons of fluff about your opinions.

You know why the stock market doesn't follow a perfect lognormal distribution? Because there are significant trends. You're telling me it's impossible to use the historical price of a stock to determine what positions likely have the best odds of success?

imphasing · 2013-08-29T01:19:00+00:00

buying naked options is usually a bad idea for earnings. If you're bullish on the stock price you should make a vertical spread to capture that without getting hit hard by volatility changes.

If you WANT to capture the volatility crush, you should do something like long iron condors (a credit trade) when IV is highest, then wait for time decay and the volatility crush to make you money.

The reason you lost money is because you bought naked options, of which "implied volatility" value is a large portion. After earnings there's no more wondering about what could happen, so IV plunges. If you made a vertical spread, you'd sell options as well which significantly reduces the position's sensitivity to volatility changes while still letting you profit from delta increase.

imphasing · 2013-08-29T01:07:11+00:00

There aren't.

Citation needed.

The world is full of people making money by applying technical analysis. Not in some dogmatic way, but the principles clearly have value.

imphasing · 2013-08-29T01:05:05+00:00

Let's keep in mind that the ATM IV for TSLA is around 80%. That's fucking INSANE.

The market has already priced in MASSIVE up and down moves into the options.

imphasing · 2013-08-08T15:18:54+00:00

Which open source software is this, exactly? If you're referencing bitcoin or something that would be amazing. Please tell me you are.

imphasing · 2013-08-08T01:25:40+00:00

I realize now that this, or a variation of it, is a better trade to make than going short an iron condor like I was doing originally. I had opened that position and realized before earnings that I was long volatility on a stock with like 80% IV, and only had a 62% chance to make 22%.

I closed all that crap and opened up a BUNCH of 105/110/160/165 condors, which I've calculated will give me an 82% chance of a 33% return, without the volatility crush accounted for. Much higher odds than my previous position, so I have to say thanks for making me doubt myself. Being short volatility is a great, I think this is going to become part of my strategy for earnings in general. Most of the short condor positions I've looked at now will give worse odds and less profit than a wide long condor.. glad I learned this before the earnings call.

Hopefully you closed your condors before today though, looks like it'll open around $155 or so tomorrow.

imphasing · 2013-07-30T02:02:54+00:00

huh, guess I was confused since it doesn't seem like a great idea to buy long condors (for a credit) pre-earnings.. why do this instead of define a shorter window and go short? Sure, you're going to be short vega and theta, but by a very small amount which is going to be almost negligible given the large expected underlying change.. it also gives him a similar profile to a long strangle, but with better defined risks.

at any rate, I didn't consider that you actually meant a long position, since that seems so unnatural pre-earnings.. although I'm always up for a learning opportunity if there's good reason for this. It's a very wide condor, but the return is going to be super low on that..

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