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No one having a go at guessing the movie from the quote last week?
It was from the movie Event Horizon. A space-based horror starring Sam Neill and Laurence Fishburne.
What is an event horizon in simple terms?
An event horizon is a boundary (an imaginary line) beyond which events that happen cannot affect you, and therefore cannot be seen by you. This could be because the light literally cannot get to you, as is the case with the event horizon of a black hole.
If you were falling into a black hole at the point you reached the event horizon to someone viewing you from the outside, you would appear to freeze. As the light from any future movement past that point would not reach them.
I spoke to a colleague this week who found out I dabbled with this nonsense. He asked me what he should do with some crypto that he has. He rode it up, rode it down and is now roughly breakeven after 3 years.
When we spoke about what he did in the past, the thing that jumped out when it was losing money:
“Well then, we just didn’t check the account very much”
Perfect!
I know a lot has happened over the last week or so, but, interestingly, there has been silence in the Discord. The view count has dropped. The number of likes on posts is way down.
This is not me whining. It is the opposite.
Is everyone OK?
Are we copying my friend Matt and sitting on the other side of the event horizon, not checking our account?
Current Open Equity = 27%
Stop Loss Trigger = 26.7%
Current Closed Equity Return = 26.9%
Our open equity outstanding is ~27% since we started in Dec ‘23. We have been able to capture ~27% returns in closed trades, meaning ~0% open equity still belongs to Mr Market. Until we close the trade it doesn’t yet belong to us!
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