Squeaky88
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Very insightful lesson learnt - I have learnt that the first way to identify a trading bias is through price action. Basically traders like you and me can view a chart and see if prices are generally rising or falling through the identification of a swing high or low. If prices are rising and the lows are advancing as well, traders should form a bias to buy. All these indicators allows us to make informative decisions.
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$GameStop (GME.US)$ I didnt even know it was possible for a broker to not support DRS. This needs to be fixed.
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AA offloading 53M in shares was the last straw. Should’ve sold at 70, I just wasn’t aware of how many times the stock had been diluted. At this point I expect them to dilute (or even split) in the event the stock runs again. While I still expect a pullback before MOASS, crypto seems like a better place to aggressively grow capital in the short-term. $AMC Entertainment (AMC.US)$ $GameStop (GME.US)$
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$Meta Platforms (FB.US)$ ？？？？？
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What was expected to be a wave of U.S. exchange-traded funds tied to Bitcoin futures has all but dried up -- for now -- after off-the-charts demand for the first one rattled Wall Street's all-important middlemen.
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?![]()
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Source: Bloomberg
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?
Source: Bloomberg
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$GameStop (GME.US)$
$AMC Entertainment (AMC.US)$
https://youtu.be/LaCvc_yYhx4
This video explains well.
$AMC Entertainment (AMC.US)$
https://youtu.be/LaCvc_yYhx4
This video explains well.
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