D1 Fun

can i ask what you think of clear street? was considering onboarding

how did you get better at this?

i'm still working through it

only a few wks ago...
bsky.app/profile/d1fu...

im already pretty heavily in reits (i really like a lot of the multifam today), and some luxury brands

will just increase that and decrease metals

increase oil beta exposure too

i liked chemicals as well but theyve run aggressively since nov/dec

thank u

ok i'm out. for now will wait for silv spikes, for pall pplt to get lower, and ignore gld

it held true in 2017, and it still holds true in 2026

for years ive always joked the best and sole use case of crypto

is to convert fundamentally worthless tokens, into multi-million $ beach front real estate

nowhere as bad as silv, but i presume lots of pall and plat holders stuck in the red too w some scar tissue from the first/second loop of the euthanasia roller coaster drop

can i ask do u still like metals > cash

or did it get too degen'd the last few wks // all too high above cost of prod

ie, naked long pall pplt risk/reward poor, and only good against a gld pair?

im considering just selling everything (pplt pall) and having rolling slv shorts from here on out

that was darker than intended

but hey i can get a burrito and tequila delivered to my door right now to make me feel better

anyways i lost a lot of money thinking it was unsustainable and would come to an end

there's always a new mom&pop replacing the old one

and always more vulnerable immigrants and labor to exploit willing to deliver at below minimum wages

esp in an inflationary world (food, labor, real estate), which i believed was structural, + increasing regulatory fees

HOWEVER

what i missed, is that restaurants r extremely high gross margin

& restaurants' fixed cost effectively subsidize DASH uber etc

letting DASH win, and mom&pops lose

ill share some thoughts from money lost

i was short doordash as while ago

simply thesis was "restaurant profit pool is absolutely tiny" (ie it's a passion project to serve the community for many)

and the manual labor + energy costs of deliver make no sense w/in that tiny pool

i bid the pypl departure puke yesterday

almost got the lowest fill. small size tho. and size is all that matters i hear

>>> brevan

any day of the wk

go off claire @midwesthedgie.bsky.social

HP, Dell, Acer and Asus mull using Chinese memory chips amid supply crunch, Nikkei Asia reports PC makers HP , Dell , Acer and Asus are considering sourcing memory chips from Chinese chipmakers for the first time amid a global supply crunch that is threatening product launches and pushing up cos...

www.reuters.com/world/china/...

was just reading this this morning

deleting as i selfishly like the funding to myself and the 4 ppl i tlk to on here have all seen it 😂

have been paid 5% on the entire margin i post 2 wks ago

has thanksgiving turkey risk though - like anything crypto / crypto adjacent, or even janky primes like lehman LBI

and that risk increases as crypto losses surmount (although they take the other side, as u know... increasing their coffers)

that's my most fitting gif to date

fwiw this is about the only product in the industry i think is relatively legit and offers a good customer experience

*take all

fyi u can trade silver 24/7 on HL now. txn cost / commission free-ish (they r currently subsidizing to win the winner take liquidity race)

can trade weekends. good liquidity ($3.6 billion volume today). tight spreads (0.01% currently)

leans incredibly degen too, so most ppl long... so u typically

lots of Chinese runners + liqs on a daily basis. Non trivial amounts of $ (or ¥) either

i can attest @nemo-is-noone.bsky.social - they r sadly still trying crypto today

thank u 🙏

covering (now) OTM calls (eg $75s), & selling say ~10% ITM (~$60 currently) 6 mo out a decent play?

and u keep rolling... cover $60s sell $55s... cover $55s sell $50s?

ur saying just short any [5% / $5] pops, bc there's too many underwater degen still holding + new supply coming online?

and let it grind down to cost of production?

even with trump / this admin's current shenanigans?

the Korean ants are up there