Also, food for thought Grim:

I am massively overweight crypto (by % net worth) TS has posted before it's a game of greater fools/large ponzi (paraphrasing some) but I _actually_ enjoy the fact he's willing to give his take on it and put forth analysis for why he thinks this is the case. It doesn't trigger me at all, it makes me examine his points/thesis and sharpen my own thinking about what I hold/why and my internal rebuttal to them. That's how intelligent discussion happens when you put ego aside. Internally I probably agree with 70-80% of what he posts, but the last 20-30%? Who cares? Read peoples' thoughts, agree/disagree (and of course add to the discussion if you care to share your why you disagree) and just let things go.

He does not. Look the oil thread, and look at how he changed the narrative on the S&P:

"S&P will be down -70% to -40% this year"

"I'm bearish but not short! I'll tell you when I'm short"

"I've been bullish since x."


You don't have a clue on the context. When he says he makes more than my "idiot salary", then I will challenge that. I even set the bar super low for him, asking for $100k/avg. Funny how he disappears literally every time.

Look, you're a BFI newcomer (and probably new to trading as well, so probably desperate for any information, good or bad). You don't get it. We've been dealing with Tooth for almost a decade.

Yup, it's just a me problem:

https://forumserver.twoplustwo.com/s...0&postcount=20

Grim you need therapy or a wife or even a plant. Adopt a dog or something, take up knitting, doesnt matter just anything really besides this

When you understand how the oil thread is 100% you being off the rails, and 100% me being helpful and correct, a lightbulb might go on for you.

Here's an exercise for you to become a better person: read the oil thread assuming that I'm an honest, reasonable person who sometimes has a good sense of what drives markets, responding to people who are thinking of getting long (which I think is a really bad idea). Just try it.

You have a terrible inability to switch reference frames - it's the hallmark of people prone to obsession - something that you actually need to work on to make your life better.

Kazuya told you his perspective, earnestly and honestly. Try and live in that perspective for an hour or two. You might get it.

These aren't "changed narratives". You're confusing time frames. I've been consistent the whole time on my take. Which is this:

1. Corona will tank the market (correct)
2. The fed won't help the market, it will panic it more, so stay short (correct)
3. Fiscal stimulus (when it's passed) will likely rip the market off lows and calm it, and people will be happy to buy up and wait for reopening (correct).
4. Major long term economic has been done. We'll likely have a 1929/2008 style situation where you get a big relief rally and then the economic destruction bites. I posted a 1929 graph at the time (crash then 50% rip off lows before economic destruction propagated) as the most likely way this would go. -40% to -70% from ATH likely where the bottom is given the level of economic damage relative to past recessions that went -50%. I posted a 2008 chart recently for candybar:



It's how all major economic shocks play out in the stock market. You seem to be so rigid-thinking that the above is too much to put together in your mind (it explodes), so you see contradiction and hedging/angle shooting rather than a good faith attempt to explain the market. That's just your own bad faith and lack of an assimilative intelligence, and you've been spewing it all over the forums in a strange Don Quixote crusade. It's been embarrassing and sad.

The shorter term positionings are an attempt to call the top, they don't change anything in my broad overview. I was bearish 2550 or so to 2770, attempted a short, then got out of the way quickly for -3% as the fed buying up debt and the incredible unexpected strength of the retail rally made me bullish. Now I'm looking to jump on short again at 3200.

It's all consistent, considered and reasonable. There's no angle shooting. Everyone intelligent here knows this because they can synthesize what I say. That's why HSNL players and hedge fund owners privately thank me for all the money I've made them.

But because you're completely unable to synthesize stuff intelligently, completely unable to consider good faith, you see angle shooting.

Posting my PNL wouldn't satisfy anyone given how easily it can be faked. I've been previously been asked for and provided extensive proof (to turtletom on Tesla) that posted large real time winning option trades I made were real, and he called bullshit. So what's the point? You assume bad faith in everything, it's like a cancer in your mind.

As for the rest, you seem to have no idea how much traders make in both $ and % return, saying you're happy with 10%/year. Try saying that in a prop trading shop, you'll be laughed out of the room.

Here again you show bad faith toward another poster, negating Kazuya's earnest opinion as a "noob" who doesn't know what you know. Terrible attitude man, that won't serve you well in life.

No, what actually happened is that you wanted to claim you're a better person because you have a job coding for people like me who trade, while I'm "underemployed" traveling the world. I pointed out that morally, you're basically me except that the money goes to your master.

People who work in McDonalds or clean toilets are better human beings, productively and work wise, than both of us. I shot down the notion that your "job" gives you any claim of moral superiority and that in fact your claim was laughable. You code to make parasitic douchebags richer, I trade to make myself, a similar parasitic douchebag to your masters, richer. I'm winning that contest.

How are you not able to understand this?
The irony.

Couldn't agree more. I often lament the absence of intelligent bulls on some stocks I'd really like to discuss in depth.

Contrarians are the best thing ever provided they're intelligent, driven by intellectual curiosity and posting in good faith. I wish we had more of them. You can get some mileage out of the less intelligent and it's kind of why I argue with silly people with silly positions, they're a mirror for my own stupidities/flaws that I can learn not to have by seeing them play out.

Good faith and intelligence are essential though for contrarianism to work. When they're absent it gets ridiculous fast (see: grim's contrarianism)

Holy ****. So wrong in so little words. I'll keep this short.

First, I never made any claims of moral superiority. Nice strawman / change of narrative. I said you're un/underemployed, and expressed doubt (as many others here) that you're likely not a profitable trader, let alone a professional. This is based on numerous posts which you call "analysis".

Second, lol at you for comparing yourself to institutional traders/investors. Another great example of how little you know about something, yet how much you're willing to write about. Institutional traders/investors aren't donking around in SPY puts all day like you are. I'm purposefully not going to open this can of worms and debate/educate you on this. The only parasitic douchebag here is you. Thanks for the honesty.

Btw, what prop firms still hire discretionary point-and-click traders?

Third, your comparison to McDonalds workers just shows utter lack of knowledge of market economics. Whether they're morally superior or not, is a matter of opinion.


Only a fool would claim victory while hiding their longterm losing/break-even PnL. All talk. Nothing new.

Let's see, I work 8-10 hrs/day making good money. Tooth is un/underemployed and spends most of the day on 2p2 trolling people and lying about being a professional trader. I try to keep my posts as brief as possible, Tooth spends hours writing wall-of-texts.

But I don't disagree w/ you. I want to go back to lurking once people/Tooth stop responding to me in really stupid posts. FYI, I have 1 post in 2p2 this year pre-Corona.

I CALLLLED IT!!!!

I'm not shorting just yet tho!

No one makes "good money" working except in non-grunt jobs (CxO, your own business, law firm partners, prop traders).

And good God, 8-10 hours of working plus prep and commuting, then you come here and Don Quixote on the Internet? What the hell is wrong with you?

I post here between watching the market 7+ hours/day (a boring activity since there are plenty of days I don't trade), reading, going for swims/mountain biking/surfing/cafes depending on where I am, hanging out with my girlfriend. I type 90 WPM by the way. At least posting here for me makes sense. But you get what, 2-3 hours/day total weekdays that isn't work plus life chores, and you're here going on crazy stalker rampages? Life choices, bro.
You are free to go back to lurking at any time. No one is stopping you.
Ah, spectacularly missing the point in a way that only you can.

What the hell? Thousands of them? I'm starting to doubt you actually work in the industry. Or maybe no one talks to you.

It's literally in this thread.
Any hedge fund owner would hire me over you in a heartbeat based on our respective attempts at analysis. You give dumb retail permabull feels, I frequently have solid, data driven insights that many miss.

Just total denial on your part. I participate in efficient pricing just as much as they do, yet I'm under no illusion that what I do is economically useful compared to say, people working at McDonalds. It's slightly incrementally useful, perhaps. Probably not at all in the current market environment awash with overpricing and easy money.
I understand market economics perfectly well. I've frequently defended them. I'm under no illusions that they're mostly parasitic though, especially "traders". Hell even VC money these days, the engine of some parts of the economy in normal times, is of questionable economic value.

Certainly not you

Tooth talking out of his ass again. Aren't you same guy who pulled the "$70k programmer salary" in the Brian bet thread. That was so cringe, even the programmer lurkers, who I've rarely seen post in BFI, came out to lol at you.

Only bums laught people with real, well-paying jobs/careers. Get a job dude.


Lol. My commute is actually 3.5 miles. Try again?

Oh the jealously and hate. I love it.

Non answer. Name 5.

This notion where you're full of yourself for being a coding dog for traders is my favorite Grimism yet. Well done.
I respect people with socially useful jobs (pretty much anyone except the parasite jobs like yours). I mock people full of themselves doing joke parasite jobs like yours.

Get a job yourself. Maybe if you do something useful you won't feel so bad about your place in the world that you have to Don Quixote on Internet forums to feel better about yourself.

Grim vs TS HU4ROLZ trading contest would be interesting. Over a reasonable timeframe and sample.

lol

Many prop shops still hire experienced point and click discretionary traders but the pipeline is closing.

The prop trading industry is moving toward algorithmic, at least for intraday time frames. Prop shops deal less and less with longer time frames now.

Yeah it's definitely declining, but the notion that there are few to none left is wtf to the guy who says it.

Is grimReaper ASAP17's gimmick account or something? Claims to be around the industry but just comically shocking ignorance on basic things that everyone knows:

- He has no clue that retail is driving this market and actually rubbishes the idea just today (anyone plugged in to anything in the trading/market watching world has known it's retails for weeks)
- Has no clue of who the market participants are and their size
- Doesn't realize that there are still large numbers of discretionary prop traders

What the actual ****? I'm some dude on permanent holidays in Europe well away from the trading world and even I know a few discretionary traders working in firms (using the firm's money). Yeah they do some algo stuff as well but there's still heaps of discretionary trades and high $ volume on them too.

Hell, even I've been offered capital to do discretionary trading remotely (they have other remote discretionary traders) by a firm. I don't need the money and am well set up with custom progs, etc, and don't want to give up 50% even for the risk-free capital boost, so it wasn't very interesting, but people are certainly still looking for good discretionary traders.

Begging the question.

Begging the question. I asked you for your source, and you flip out not being able to provide one. Wow

Source? What is "large numbers"? What % of intraday volume stock volume is done by discretionary prop traders?

You also said there are "thousands" of firms, just name 5.

Bingo

Keeping chalking up those hollow victories.

Yeah, the industry may be changing, but it's still huge. There's three point and click firms just within walking distance of house. Weird victory lap for someone in BFI.

It's already been discussed and provided. You can also find it out in two seconds on Google. That you're asking for "sources" on something that every non-idiot knows and can look up is hilarious. You're getting killed in this thread.

And your comical dishonesty or amazing lack of reading comprehension is on display yet again. Let's go through it.

You say:

In a shocking display of ignorance for a guy who claims to be in the industry. I go "wtf, there are thousands of firms who do this". You call bullshit on this.

The whole forum laughs at you for your take and goes WTF.

Then, because your ego is so incredibly fragile and you're so dishonest, you try to spin this:
into a victory with this
It's transparently ridiculous and people are laughing at you again. You do the same thing with your attacks on me - total dishonesty and spin/lack of reading comprehension.

You obviously didn't know that there is still heaps of hiring in discretionary prop trading. Just like you didn't know this was a retail rally and don't know the proportional of participants in the market. Just incredible ignorance. You should get some trader friends and you might be more plugged into the market. It's really weird that a guy in Europe on permanent holidays knows more about market structure and the trading industry than a guy who claims to work in the field.

don't worry he'll start insulting you now and insisting that he did indeed share those in the thread already

Rick, I dunno about anyone else, but I saw the post you deleted ITT where you claimed you were willing to take 3k in action but also read the thread where you peaked at 350 after he told you he didn't want 50/100

I'd agree with Clayton's take that you are taking a 1/10 disagreement and amping it up to 11.

They don't want your drama in their thread and we certainly don't need you to bring it over here because this is a less moderated forum

i didn't delete any post, if it got deleted it must have been via mods

i agreed to both 3k and escrow, he kept insisting it wasn't the case, i kept posting that i would escrow 3k in the thread and bandit went silent - it would have been a non issue if he simply said he changed his mind but he instead started these bs claims like i wasn't willing to escrow or refused to do a larger bet (i did indeed want to keep it a friendly wager earlier because who wants to escrow 3k for over a year?)

dude realized he made a horrible bet and wanted to back out which would have been fine but decided to go all skitso about it instead

i'm sure there were miscommunications on both sides though which certaintly didn't help