Zina

I built an app that lets you talk to statues. Naturally, I took it for a spin at the British Museum. Full conversations in the thread.

I love this sharing, I totally relate to this. If you're precise and efficient with your entries—ensuring entries are always below 50/60% from the LoD stop based on ATR nature of the securities volatility—then taking a 0.15% risk to your net liquidation value can easily scale up to 15-20% position size. Sometimes, I’ve gone even as high as 30% with a 0.15% risk; that happened with trades in $KOLD and $UCO earlier this year. The downside of designing trades with a tight stop loss is that you might hit your stop way more frequently than with a fixed %-based stop, especially during intraday. However, when it comes to the period that you rightly aligned your positions with the market's key turning points, you're setting yourself up for a few trades that can significantly pay off. These successful trades can quickly offset a prolonged drawdown, turning your performance positive and even making your year. You can be profitable even at 28% win rate on such circumstance because your profit factor for such traders are extremely high (as much as 4x 5x on average month, providing you scale down losses even before they hit the predetermined stop.) By the rule of the thumb, a low win rate but high profit factor strategy has way more lucrative potential to exploit further possibility and potential for equity growth because of its mathematical robustness. Try running a free Monte Carlo simulations for risk of ruin, and you will know what i mean. It's important to remember that the beauty of this represents just a <0.15% risk to your equity per opportunity. At the end of the day, you have control over your decisions, so any potential or unexpected drawdown can be kept in check if you know when to ease off when the market is already running hot. An edge in trading only comes to life when the person executing the strategy can make sound and pragmatic discretionary decisions.

Wow, art won. I would not have guessed. Okay. Here is one of my favorite pieces in my collection, Ossip by Emil Schumacher (1958). The subject matter is how it feels to be short uncapped variance in a market crash

we have greatly improved memory in chatgpt--it can now reference all your past conversations! this is a surprisingly great feature imo, and it points at something we are excited about: ai systems that get to know you over your life, and become extremely useful and personalized.