im just too slow to new ideas. My recent read have led me to discover the beauty of managed futures funds and led me to wonder, its endless possibility.
If you’re wondering what managed futures are, google it, you lazy little cherry.
tldr: its just a fund that leverages futures contract to hedge their position, i.e 70% long 30% short with multiple nuances behind them.
You can literally make magic with little from this, upside is insane.
strongly advice you to look into it.
Did you watch ray dalio’s youtube clip? If you have, did you bid RMB or china stonks?
You are probably down in RMB / Looks like the most ideal play here would be long gold short dollar and long-tail bet china stonks.
But what if you add BTC into the mix?
oops
If you’re thinking to buy here, think again.
Is there any news catalyst for a pump?
Remember tax season coming, off-loading is more likely than the other. ~ take this idea and transcribe to prices in crypto.
I’d see PLTR back at $13.7
Current narrative for a bullish bitcoin:
As this narrative gets more populated, open interest keeps going up, even on CME. Don’t get trap buying the high. A pull back is imminent.
Cross-Pair Confluence for even more bullish Narrative;
Vix back to pre covid?
SP500 back to covid – helicopter printing?
it always pays to wait, if it doesn’t for you. Find a way to make it so
Cross-pair trading have been in consolidation for the past 7 years.
Looks like next year election will not just have domestic impact but global impact (obviously).
But what makes it more interesting now to look at SGD compared to USD.
1-30 years rates are at ATH compared to the last recession.
Dollar index looks like it wants to go higher? or not..
I personally do see the dollar index going lower.
No complicated economics theory, because its always easier to macro bs than micro bs… you will eventually find whatever excuse to fit the bias you have.
Side note:
GLGT.
Intervention can be seen through current price actions.
I’d forsee price going back to 1SGD = 109 Yen.
Intervention is real~ Likely to see some-sort of pull back before even further down.
As “halving” catalyst becomes the trending narrative again, little did notice the shift in open interest.
1/2 weeks ago a long O.I sits at 5-8% APR and now its up to 60-80% APR
I’d think price likely to sweep lower before going higher.
24k is my ideal place to re-accumulate
Think Dollar Index will strengthen till 107.500 is delivered to.
Means??
Looking to short the euro and gbp. – Probably see the ever increasing rate of SGD/JPY too.
Are you wondering why are all your friends in japan?
1 SGD = 75 Yen – 2020
1 SGD = 111 Yen – 2023
Will the Yen go even higher?
Honestly, I’d think it will go even higher judging price base off USD/JPY.
Intervention by central bank
Looks like 2022 intervention did nothing significant. – Up only.
Can’t wait for my japan trip!
Nothing beats earning more miles from than usual that you know, it is never a passive game but an active game of cards. Would you rather earn 1 miles or 4 miles from $1 spent?
If you’ve not started, 4miles right now is one of the easiest, highest MPD (miles per dollar) you can get for general spending. However, if you’ve googled about “highest mile card”, you would probably have heard about 6 MPD (UOB’s Lady). IMO, I’d this is only good if you’d have a frequent transaction habit on a specific category.
So what are the two cards I think are optimal based on your spending habits:
$1K Monthly Spending Habit:
$2K Monthly Spending Habit:
Obviously there are many more exclusions than whatever i’ve just typed out, if you’d really want to dig further, would strongly recommend https://milelion.com/ and their telegram group.
The hole doesn’t end here, the mastery continues. How do I buy large ticket item and still earn miles on them? (i.e $3k Gucci bag paying instantly will only earn you (4K miles + (0.4MPD * $2k))
This game will never end, soon amaze might be nerfed (hopefully not) by citibank and 4miles will be the highest. Nonetheless, if you’re working and living, you should learn how to play the game.
Other cards are not used for comparison because i’ve decided that these 2 are suffice for now till my networth grows.
financialveracity.wordpress.com 