Rick
787 posts


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We had a formula in #RWRI 21 (so far the BEST, on that later):
If you say "assume that" and do not believe in the assumption, do not make the inference. It is the reason interpreting Wolfram that small toy models failed in AI before;
the subsequent success came from removing these abstractions.
Satyaki Roy@Satyaki_R
Luria inadvertently demonstrated how literacy REDUCED risk management abilities. (His book on H or X or whatever w a crazy memory was hypnotic.)
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The style of Scott Moncrieff is to Proust's what the Alhambra is to a camping hut.
Proust wrote in unconventionally long sentences with a limited vocabulary; Moncrief's prose resembles a discourse by a native Russian speaker with access to a complicated thesaurus.
Dr David Vernon@DrDavidVernon
a rainy day for cracking open the proust — my beloved c. k. scott moncrieff translation (and a work of art in itself).
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I’m short
Aggressively
Jack@alphacharts365
$SPCX SpaceX closed at its lowest price ever, we should not be surprised
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@HostileCharts My internal plan is as follows
$ITB $XHB
⬇️
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@HostileCharts My internal plan is as follows
⬇️
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Chase just called me and is closing my bank account because they don’t like all the money i’ve been moving
they are sending me a check and closing my account within 10 business days of everything left
I have no idea what to do my whole business account was through chase and everything holy fuck dude
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if you pride yourself on predicting which way the market will expand during a CPI or FOMC news print, you are a lottery player
nothing more
the institutional desks don't even know where the algorithms will price the asset in the first 60 seconds of a high-impact release.
here is what actually happens when the economic numbers drop:
THE NEWS MECHANIC:
liquidity completely evaporates from the order book → spreads widen by 30-50 ticks → the algorithm prints a massive wick down to clear sell-stops, then a massive wick up to clear buy-stops → your stop gets skipped due to slippage → you lose three times what you planned
YOUR BRAIN REGISTERS:
"if i guess right next time, i can make 10R in 2 seconds"
RESULT:
you become addicted to the rush of high-volatility events
you stop trading normal, clean session distributions
you treat the economic calendar like a casino wheel
profitable traders treat news prints like a radioactive zone.
when the clock hits 8:30 AM or 2:00 PM on news days, you step away from the keys. you let the chaos clear. you let the algorithms re-price the market and establish a clean, post-news trend.
the money isn't made during the spike. it’s made on the structural cleanup after the spike.
let the gamblers blow themselves up in the first 5 minutes. step in when the adults come back to the desk.
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@nntaleb My internal plan is as follows
⬇️Details are as follows
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