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thechosen1

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He had an incredibly interesting Twitter account. RIP.
he was one of the smartest people to ever live IMO.

Kind of a lunatic - but that's what you get when you combine extreme intelligence with extreme creativity.

Oh, and I do think he murdered some people. That's not good. Still an interesting guy.
 

Kelvin Fernandez

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thechosen1

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*Powell: ''Fed Will Wait for Actual Inflation as Trigger for a Rate Rise''

my blood is boiling. this guy is a criminal.
So is real inflation before or after we hit triple digits like Venezuela and start eating out of the garbage?

Asking for a friend.
 

Matt Sun

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John Mcafee didn't Jeffrey Epstein himself...


And he posted a big letter "Q" in his instagram as he died .
 

Bekit

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I'm in the exact same boat. I pulled up an old Trello board that I had made in 2019 with a few goals I had set for myself and I haven't achieved a single one. If anything I'm further from them. And it is soul crushing.

I'd kill to be 27 and on this forum. I'm 38 and everything is slipping away.

I'm in a dead end slow lane 11 hour a day job and I just feel hopeless about the future. This current job is killing my health and I'll be lucky to be alive at 45 by this point.
You are not stuck.

You are not a victim of your past track record with goals.

You are an adult, and you have choices.

What one choice could you make today to get you a step closer to where you want to be?
 

Thoelt53

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Doesn't prove anything.
Agreed. The Q was posted after. Could have been anybody with access to his account.

Who had access to his account, authorized or unauthorized? We’ll never know.
 

ZF Lee

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This is what happens when a country's leaders and people get stuck in never-ending lockdowns, cowardice and poor initiative:

1624511557940.png
This is the KLSE Index, the benchmark of the Malaysian stock exchange.
While it has its ups and downs like any normal index, notice that it keeps testing the 1564 level.

You keep testing that crucial support, pretty soon it runs out of buyers and you enter bear territory.

For over HALF the year, we have been trading sideways! Why? A sordid lack of confidence by foreign funds- I mean, what for, when the country's leaders can't decide on whether to resume parliament or not (you can do it online!), or think they can reopen ONLY if our COVID cases drop to X or Y level (Hint: It won't)

Overseas markets like the USA have their fair share of politics and inflationary fears, but generally, they are doing well. There's plenty of recovery industries kicking into action out there.

I was talking to a senior trader on Telegram the other day. He's been trading on Bursa since 1980s
(quite a long time).

He told me, 'We have many good local stocks. But the problem here is that the idiotic funds LOVE to sell on news. As a result, most local stocks (save for a few permabull tech stocks) are only able to fly up in one cycle...and then its done.'

That isn't to say that overseas stocks don't sell on news.
But from looking at Nasdaq and others, I find that there's an existing interest to keep up valuation and volume.

And I imagine the smart-money moves kill off Malaysian retailers too quickly to re-enter the markets.

I spent time reading a few Malaysian Telegram groups, and realised the average trader/investor is pretty f*cked...they go all in on 1-2 stocks, enter at shitty prices (eg when its already parabolic-high above 20-day MA), and refused to have a cut-loss or profit-taking plan.

What happens when upthrust breaks out and cuts them down? Entire portfolio gets wiped out, and I don't think most of us have high-enough income to replenish the cash balance.

The r/WSB folks sadly have more brains than them, as autistic as they can be. Even I find WSB-ians advising folks to cash in after spectacular meme rallies.

Until Malaysians can be disciplined enough in their investments-treating it like a chess board instead of a f*cking piggy-bank, they will continue to be destroyed in the markets. And shitty financial institutions combined with shitty investors make for a poor environment.

Reminds me of what MJ DeMarco spoke of in TMF :
"Fastlaners think globally"

Which is to say...if a country's financial markets aren't rewarding you, vote with your money and leave.

That is what I will do:
I started selling down the weakest positions of my local stocks today, and will leave some dividends or tech stocks (that have more exposure to Nasdaq movements or foreign business).

And I'll take more time to learn MJ's options strategy and TastyTrade, something I put off for a very long time.
Will train on a paper simulator to get a feel before I put in actual money.

It's infuriating that my country does not allow retailers to do options to hedge, when institutions are allowed to do so (eg restricted short selling). They claim the local market doesn't have enough liquidity for derivatives...but who are you kidding? Derivatives can contribute to liquidity and capital...amateurs.

I'm sorry Malaysia. If I can't vote with my ballot, I'll vote with my money.
 

Timmy C

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Agreed. The Q was posted after. Could have been anybody with access to his account.

Who had access to his account, authorized or unauthorized? We’ll never know.
It looks to me that his committing suicide is the likely outcome.
He was towards the end of his life and didn't want to spend the rest of it in a US prison.
Isn't this all because he didn't want to get stolen from at gun point by the daddy government?
 

WillHurtDontCare

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Here's a fun insight into human psychology: most of the opinions that people have and decisions that they make are entirely motivated by following the status quo. That's the defining feature of what they do, and when they tell you that you're crazy for thinking and acting differently, regardless of the reasons that they give you, the one reason that matters is that they're upset that you're making them doubt the safety of the status quo.

Most people are wrong. Act accordingly and ignore them.
 
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ZF Lee

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Another vaccine rant…
(not to the Big Pharma, but people in general)

STOP f*ckING promoting vaccines like it’s the best thing since gold bars!

Almost every family member on my WhatsApp keeps calling to ask me whether I registered.

After I tell them to buzz off because I’m waiting for better vaccines (or the very least, a Chinese vaccine), they send photos of themselves with shit-eating grins, holding ‘I have been vaccinated!’ signs with a bright green backdrop behind.

Look, there’s nothing to parade or celebrate about on taking vaccines.

It’s forced upon us by dark times.

Just take the f*cking shot if you want, or don’t. And leave others the f*ck alone if they don’t want it. I myself don’t buzz people for taking vaccines…I know some need it for their jobs.

Folks have the right to choose-isn’t that what any health product should have?

My relatives can go f*ck themselves.

Edit: Between my earlier rant on my country’s shitty stock market and this, this place feels like a dumpster fire. I’d better go full-nomad like Globalwealth preaches…

I realised I only talked on this Forum and some Telegram stock trading groups the last few days for human contact. This is not good…goes to show how most people are f*cked and deserve what’s coming.
 

Kelvin Fernandez

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Here's a fun insight into human psychology: most of the opinions that people have and decisions that they make are entirely motivated by following the status quo. That's the defining feature of what they do, and when they tell you that you're crazy for thinking and acting differently, regardless of the reasons that they give you, the one reason that matters is that they're upset that you're making them doubt the safety status quo.

Most people are wrong. Act accordingly and ignore them.
This is why I don't follow trends or whatever I see been pushed on TV. Anything been talked about on mainstream media are now just orders for the population to follow as trendy. I remember at the start of the Covid hysteria Fauci said masks don't do anything. But when mainstream media began to tell people to wear a mask everyone started changing their facebook profiles with their masks on.

The same thing is done with stocks and cryptocurrency. They push a story they want everyone to follow. I learned that during the Gamestop frenzy because Melvin Capital was coming on air telling people to short Gamestop. Gamestop was going to drop to zero because he was telling people to do it. Not because the stock was really worth it.

Also with crypto anytime you see a new crypto been pushed on the news like Dodge you know its too late to get in because people will start buying it just because its what's trending.
 

Matt Sun

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Doesn't prove anything.
Just an interesting fact.
Another vaccine rant…
(not to the Big Pharma, but people in general)

STOP f*ckING promoting vaccines like it’s the best thing since gold bars!

Almost every family member on my WhatsApp keeps calling to ask me whether I registered.

After I tell them to buzz off because I’m waiting for better vaccines (or the very least, a Chinese vaccine), they send photos of themselves with shit-eating grins, holding ‘I have been vaccinated!’ signs with a bright green backdrop behind.

Look, there’s nothing to parade or celebrate about on taking vaccines.

It’s forced upon us by dark times.

Just take the f*cking shot if you want, or don’t. And leave others the f*ck alone if they don’t want it. I myself don’t buzz people for taking vaccines…I know some need it for their jobs.

Folks have the right to choose-isn’t that what any health product should have?

My relatives can go f*ck themselves.

Edit: Between my earlier rant on my country’s shitty stock market and this, this place feels like a dumpster fire. I’d better go full-nomad like Globalwealth preaches…

I realised I only talked on this Forum and some Telegram stock trading groups the last few days for human contact. This is not good…goes to show how most people are f*cked and deserve what’s coming.
It's the brain washing. Try not to take it personal. It's sad that our own family is going through it but also it's something that started a long long time ago so is really not something you or I could have changed. I sense an external locus of control in your writing. It will be tough expecting others not to act like idiots after years and years of brain washing-poisoning. Better to just focus on what is in your control about this reality. Always an internal locus of control.
 

WillHurtDontCare

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Almost every family member on my WhatsApp keeps calling to ask me whether I registered.

Tell them if they actually cared about their health, then they wouldn't be fat.

Applies to 80% of Americans.
 

WillHurtDontCare

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MoneyDoc

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Any fx traders here that can give some input on their bets on USD short term?

Specifically USD/CAD. Was at 1.20 a few weeks ago. Wen't all the way up to 1.245. Dropped back down to 1.225. Back at 1.2325 now.

I have a decent holding in USD. I'm in Canada and I really don't want to convert right now as I get an extra $60k if it reaches 1.26 again as it was a few months ago. But at the same time, it would suck if USD crashes again.
 

ZF Lee

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Tell them if they actually cared about their health, then they wouldn't be fat.

Applies to 80% of Americans.
Most of us in Asia aren’t fat per-say, but heart issues, high cholesterol and high blood pressure are not uncommon.
 

thechosen1

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Any fx traders here that can give some input on their bets on USD short term?

Specifically USD/CAD. Was at 1.20 a few weeks ago. Wen't all the way up to 1.245. Dropped back down to 1.225. Back at 1.2325 now.

I have a decent holding in USD. I'm in Canada and I really don't want to convert right now as I get an extra $60k if it reaches 1.26 again as it was a few months ago. But at the same time, it would suck if USD crashes again.
I'd be dollar cost averaging into a few solid "paycheck pot" type of investments if I were you!
 

thechosen1

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I wonder how many of the popular computer viruses were made by people like McAfee who also sold the anti-virus... then imagine virologists doing this with *real* viruses... lol
 

Raja

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Yes, he is a piece of work, but the opposition isn't the best either.
His opposition in the liberal party has been in power for most of the last 25 years, but the labour party cops blame everything.

I expect the liberals to dominate power as they control the media with their good mate Rupert Murdoch at the helm of Murdoch Media. Murdoch media own basically every news outlet in this country...

We have the clowns at parliament f*cking hookers in the prayer room and a rapist known as Christian Porter, who has so much power that he can stay elected under the liberals. The girl he supposedly raped has killed herself due to threats.

Our Prime Minister is a member of a church cult that believes that those that are rich should go to heaven and those that are poor deserve to go to hell.

How great is our democracy?
I feel similar things are happening in every country, seems like governments are turning into shit.

Similar but multiple cases are in india also
 

Thoelt53

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Yeah but what about communism makes it so attractive to people? It's like they don't even have to try. All they do is spread the message of communism and people just lap it up.
It’s nature. Everything chooses the path of least resistance: electricity, humans, money, etc.

At least 80% of people would prefer to do nothing and simply be taken care of by someone else. They strive for nothing.

>1% of people are highly influential sociopathic whack jobs who want to control everything. Communism is a very good tool for them to exert control. So it is pushed massively, and the 80% lap it up.
 

Timmy C

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Australia used to have more of a rebel, outlaw, larrikin culture. That culture has faded in the last decade.
I think it's mostly complacency.

These psychopath politicians are locking us down with like 2 covid cases in the entire state.
We just take it.

It's embarrassing.
 

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