Long Degen
678 posts


After much behind the scenes discussions, @wolfofwallst aka The Wolf Of Wall Street finally agreed to join the Kinfo podcast and feature on our leaderboard. During in-depth conversation he discloses: - being haunted by his past - the freedom of losing it all - re-discovering his love of trading - transparency and verifying on Kinfo Jordan’s Kinfo is currently private, he’s asking for 50 RTs and it all goes live (episode and leaderboard) tomorrow.


It's a cope analogy. A table has 10 seats - in small caps there are likely 100's of thousands of seats and 95% of them are clueless and crying on twitta and not "billionaire elite pros." In the long-run, trading has more randomness. The probability distribution in poker is mathematically known (you can calculate exact odds on every hand). The randomness in poker is contained in a closed system w/fixed rules. Macro events, algos, news flow, themes, pumps, people violating SEC laws, and liquidity conditions introduce randomness that has no poker equivalent. You can never know your edge in trading like you can with poker because other players adapt - even if your trade setup worked 100 times in trading, the 101st exists in a fundamentally different environment. Traders are always operating with a degree of uncertainty about whether their edge is real or just fooled from a favorable sample over X time. Poker is harder than trading because the pool is self-selecting and significantly more competitive/a lot smaller, but the randomness in trading is more dangerous because it's harder to measure and easier to mistake for edge.







President Trump granted a full pardon to Jewish nursing home operator Joseph Schwartz after he served just three months of a three-year sentence for a nearly $39 million fraud scheme. Federal prosecutors said that Schwartz refused to pay payroll taxes that had been withheld from employees’ wages across 11 states. Schwartz reportedly paid $960,000 to lobbyists Jack Burkman and Jacob Wohl to secure the pardon from the White House. Follow: @AFpost










