How is it possible that nominal GDP grew 6% in 2023 when M2 was flat, bank balance sheets were flat, and borrowing my nonfinancial sectors was pretty stable? Velocity.

Policymakers gathering at JH today wrestle with the question of why they were wrong about the transmission of monetary policy in the last few years. The answer is simple - this has been an *income-driven* expansion, not a credit & money driven one like they've known. Thread.

With the crypto market starting to wake up, now's the time to pay attention. 𝕏 was filled with alpha this week, but much of it was hidden amidst the noise. I compiled the top 10 alpha tweets I read this week, so you don't have to.👇

Creating a "Market Bias" before starting a Trading Session a thread 🧵

In the past, information was scarce and slow-moving Now we are in the information age where you just need to be at the right place, at the right time, with the right information to be successful A macro framework gives you the top down view so that you can lock into your edge

For anyone doing last-minute holiday shopping for the aspiring trader(s) on their list, some of the best books currently available on Amazon: The World for Sale Liar’s Poker The Man Who Solved the Market The Laws of Trading Reminiscences of a Stock Operator

For like 95% of people trading full time, it’s miserable - me included The money you make and freedom you have doesn’t translate to some proportional dopamine drip constantly feeding you 10% of the time you turbo print, the other 90% you just survive

Trade Invalidations A list of some Educational Resources Thread 🧵 (1/8)

Trading is supposed to feel hard. The Job of a Trader is to find Alpha (an edge or some kind of advantage). Alpha is not easy to find because it is an inefficiency. It is abnormal. Therefore confusion and frustration are expected. Working hard trying to find alpha without

Cutting a Trade before the Stoploss is Hit A big sign that my breakout trade idea is wrong is if: - the volume suddenly dries out - the price action gets slower and choppier over time Visualized ↓

When we have significant moves, the resulting consolidation tends to be quite short. $BTC spends longer consolidating at tops than bottoms. As we can see after larger sell offs the markets spends roughly 6-8 weeks consolidating before moving again. It's been 6 weeks. Soon.

1-hour masterclass on how to build a monopoly from scratch

I recorded a 20-min tutorial on how to read the footprint correctly 0:16 - passive/aggressive flow 1:37 - tick sizes 4:02 - clusters vs profiles 6:00 - positioning 11:30 - aggregated data 14:05 - example trade 15:20 - nuances 16:53 - highs/lows 18:52 - context

Honestly the best thing I ever did for myself as a trader was study the history of markets. Especially today as narrative and emotion rules all, you need to learn how humans will react…cycles are predictable when they are based on human emotion as the stocks might change but the

orderflow dynamics

Uncertainty can exist across direction, path, or outcome The way you add value to other people in equity markets is by helping provide differentiated ideas around the predictability in one or multiple of these variables (direction, path, or outcome) Saying Bitcoin or equities

This is the chart you need to master if you want to understand macro liquidity real rates across the curve are in the top panel Fed funds and core cpi are in the bottom panel WHERE the Fed holds rates relative to inflation matters a lot more than the absolute level. This

x.com/i/article/2022…

Can a few of you do this and share their response. The more people that can the better and then compare replies from each cex for the benefit of the community Rt so more people see this and participate

3 months in the same position, 3 months trying not to get chopped around and simply building position. There needs to be a significant snap of the low, but momentum is good again for bears on $SPX.