THE MACHINES GO NUTS

“As seen on the FED’s CNTRL-P machine!”

Well, there’s your bear market in the NDX100 high fliers for 2020 … lasted about

30 minutes … meanwhile, oil rallies about $4 on “vapors” causing severe head

scratching all over the planet … crypto? … meh … meanwhile over at CRYPTO

ROCKET, I was trading some TSLA today … Ho Lee Sheet does that stock ever

move and move fast … yes, the spread in the CFD is about 50 - 60 cents and can

balloon to over a dollar at times, and you’re thinkin’, “who boy, amm I ever

overpaying for this shit … and then blink your eyes and it goes up $5 - $7+ in a

minute or two … the IVIX [intraday volatility] in some of these stocks is mind

blowing .. sign up through the link above, open a demo, and check them out!

Meanwhile, RIPPLE [XRPUSD] putting in a good range today, and giving some

really good algo signals … if not my favorite, it’s right up there at the top in the

crypto space … again, check out the CRYPTO ROCKET DEMO and check out

the crypto pairs, other than BTC [Bitcoin] … for some reason, their LP’s in BTC

are way too “Hoover Dam” high in the bid/offer spread to be competitive with

PRIMEXBT, but there’s plenty of others to choose from.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas

MORE OF THE SAME, JUST A DIFFERENT DAY

“Sums up crude oil & crypto pretty well, IMHO!”

Any way you want to slice the oil trade, it’s nothing but a continuation

day-after-day of the same shit … blow the shorts out and rally, then blow the

longs out with a “Thelma & Louise” … pick your poison ...  geopolitics, OPEC, oil

inventories reports, etc., it doesn’t matter cuz the market won’t discriminate in

screwing you … it’s been so long since oil has been in some kind of trend, I

forgot what it looks like … simply back & forth between $52 - $60, with the

occasional blimp on either side to hunt stops, it’s nothing but a “meat grinder”,

best left alone … and quite frankly, given the trading conditions versus other

markets, for example NDX100 at PRIMEXBT, you have  a much better shot of

making money in an “88/6/6” market with better trading conditions than you do

in oil … and I don’t see oil getting any better anytime soon.

For crypto, specifically BTC, it’s simply too expensive to trade … if you’re wrong

on the trade, that $10 - $13 cost is gonna bite … quite frankly, given the cost

structure of crypto exchanges, and taking into account the need to hedge and fill

customer orders, I don’t see the costs coming down soon … someday they will,

but for now most places that trade crypto heavily have a -0.025% “maker fee” and

a 0.075% “taker fee”, and that’s if they are aggressively competitive for traders

… PRIMEXBT comes in at 0.05% on each trade, so they simply cut the middle

… that’s not gonna change until factors outside their control within the industry

change as well … so don’t look for crypto to get much cheaper this year.

… until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas