[Fundamentals](/Fundamentals/index.md)

[Research](/Research/index.md)

[[Current]]

leverage exposure to crypto now going to come from BTC option market - get exposure there + phantom otc shitcoin trading


Alexandre Harfouche

https://theconversation.com/why-central-banks-are-too-powerful-and-have-created-our-inflation-crisis-by-the-banking-expert-who-pioneered-quantitative-easing-201158A


Money (the kind worth having in any case) is usually downstream of character and relationships

Character (mental/physical health and skill) —> relationships —> wealth

@SnowKitten200 - BTU


probability = succesful outcomes / total outcomes

odds = succesful outcome : unsucessful outcomes

1:(1/p-1) where p expressed as decimals



Utilities trade at 25-30% beta to the 2yr
if the 2 year goes up in terms of yield and falls in value then the Utilities sector as a whole loses value
and vice versa


# Manipulation of LIBOR during GFC

- real manipulation done by central bankers & way worse than traders who where jailed
- in 07-08 all banks were consistenlty lying about the true cost of borrowing dollars by lowballing their funding rate which lead to a massively depressed LIBOR
- Peter Johnson - The low ball tapes

# Relative values trades exemple

Long  ratio at 2
10% stp loss on ratio = 0.2
so stp loss at 1.8 on ratio
soft target = 0.2 * 3 = .6 = 2.6
when soft target hit buy short stop A short more stock B
roll up stp loss

ATR for spreads: take data for 10month of stock in spread
work out montly ATR
set stop loss as avg of the 2

For spread both stock can go up or down does not matter


If started positon half of max position can cut stp loss by half


Start by analysing Volatility ATR of the stock to set initial hard stp loss and soft target