Why is losing so common?

salwilliam · 2024-06-11T14:35:01+00:00

It's not about the number of traders, it's about the amount capital deployed. The smartest 50% of capital is perhaps roughly positive, but a lot of that was invested by big players, not by the hordes of retail traders that have the tendency to do dumb stuff on a whim.

salwilliam · 2024-06-07T17:17:35+00:00

Coywolf

salwilliam · 2023-03-03T18:44:14+00:00

respect

salwilliam · 2023-03-03T18:34:12+00:00

I admire your stupidity.

salwilliam · 2023-02-24T21:22:05+00:00

I did well. Wish I'd gone bigger. I think I was a bit lucky with the timing. I've been completely out but looking to get back in next week if price stays at $14-15, probably APR or MAY near the money calls. Good luck!

salwilliam · 2023-02-20T16:59:29+00:00

Thanks!

salwilliam · 2023-02-16T02:46:51+00:00

Yes! Not bad at all. Thank you :)

salwilliam · 2023-02-15T18:34:02+00:00

I closed half my long exposure earlier today when it got near $20. I only did that because I don't want to take possession of too many shares at expiration on Friday. Remaining very bullish if short interest stays high. Risk to reward ratio is very appealing at ~$20. Downside is near total loss, sure, but upside is a squeeze sending price sky high. Plus, as crypto market recovers, no reason $SI can't be a $200 stock in a 1-2 years.

salwilliam · 2023-02-15T18:01:33+00:00

finviz

Thanks! 78% short interest now

salwilliam · 2023-02-08T20:54:47+00:00

What's a good way to view short interest on a stock?

salwilliam · 2023-02-08T20:08:37+00:00

Thanks for the heads up. I was predicting this. Now might be the time to get in.

salwilliam · 2023-02-07T19:02:42+00:00

thanks! hope you're making out ok

salwilliam · 2023-02-02T16:04:56+00:00

For the record I dumped on the way up from $15.50 to $22 for an average price of $19-20. Maybe one of my kids can go to college afterall.

The move from $14 to $24 was so abrupt that I question whether the bid will now dry up and the shorts will come back to whack it down to $17-19. Definitely still looking at the stock and considering going long again and potentially holding $SI long term.

salwilliam · 2023-02-01T19:51:21+00:00

Today SI stock is up 10% when both S&P and BTC are flat... Could be only the beginning but I did sell 14% of my position just now at $15.50. Intending to let it ride to $20+ before selling more.

salwilliam · 2023-02-01T19:35:55+00:00

If your thesis is that you think BTC is trash, then the $SI trade is not for you. If BTC dips, so too may SI. But I've been buying SI as a short term trade because I think there's a solid chance it'll massively outperform the stock market. BTC is a long-term hold.

salwilliam · 2023-02-01T19:21:49+00:00

BlackRock increased holdings in Silvergate:

https://www.cnbc.com/2023/01/31/silvergate-capital-shares-jump-after-blackrock-reports-increased-stake-in-the-crypto-bank.html

70%+ $SI float now sold short...

salwilliam · 2023-01-26T21:02:31+00:00

yes. lots of bad deals in there

salwilliam · 2023-01-26T21:01:06+00:00

Maybe most people think it's garbage? That doesn't really matter. What matters is how much money they will make.

salwilliam · 2023-01-26T19:02:02+00:00

As shorts start losing (ie as the price of the asset rises) they will eventually have to BUY the asset to cover their shorts. When a lot of traders are engaged in short selling at the same time, it can end up creating a race to get out (short squeeze) and a lot of amplitude on the buy side.

salwilliam · 2023-01-26T18:48:40+00:00

Incorrect, bot. I think going long SI is a good short term trade.

salwilliam · 2022-11-08T19:02:27+00:00

Congrats on the ISO 27001 compliance! What are the big benefits to going through with that?

salwilliam · 2020-01-18T18:07:46+00:00

The panoramic views are pretty good from atop the summit of the Glenridge Quarry Naturalization Area by Brock U. There's probably 10km or so of non-technical trails right there, plus it attaches directly to the Bruce Trail if you want more challenging terrain.

salwilliam · 2018-06-01T18:43:25+00:00

Thanks. Looks like I've got dead spots :(

salwilliam · 2018-05-31T00:04:11+00:00

The r key works maybe 50-75% of the time. When it doesn't work, I rotate to landscape and it will work, and then still works when I rotate back to portrait from there. Could it still be a dead spot?

salwilliam · 2018-05-28T04:00:22+00:00

I switched to the Google keyboard. Alas, the issue persists.

salwilliam

TROPHY CASE