Need some travel ideas. Just got back to Texas and I already can’t handle the idea of four more months of this heat and humidity. Looking for a EU destination near the sea, with a tz not too far from NY. Spain seems to have the highest edge density per square meter now. I love Mallorca and have been three times, but open to other ideas.

I actually have zero research on trading the first day of an IPO, but there clearly seems to be an edge there. Other than trying to get allocated shares in the early rounds, what do people usually trade? What are the common strategies around IPO day? $SPCX

Looks like small caps are shifting from “everything squeezes 500%” cycle to the “locates cost 10% of the stock price” cycle. Different type of pain, same circus.

After some quick poolside analysis, I still don’t see much evidence that PDT removal itself has changed anything yet. If anything, it looks more like China-based names are being pushed by the usual players, with PDT removal used as a convenient story. Maybe the goal is to attract more U.S. retail demand around this dynamic, then sell billions into it post-PDT. Pure speculation, obviously.

Most fortunate vacation timing ever. Wtf is going on in small caps? $INHD

As expected, PDT removal has been a nothing burger so far. It all depends on liquidity flows, and the major market correction turned out to be a much more important factor. A bunch of $2k accounts getting extra intraday trades doesn't matter all that much.

You guys in small caps really need to understand variance. It’s honestly funny watching people cry about red days, and even funnier watching them flex green days while trying to lecture others who had a couple of reds. Those of you with a serious poker background probably don’t need this explained. I have multiple accounts, each running a bot with a different approach. Often, one is down today or this week while another is up. Does that mean the one that’s up is better at adapting, or just better overall? No. Does the one that’s down need to adapt? Probably not. They all crush it long term. Same goes for traders. In the end, the best trader is the one who makes the most money without blowing up, not the one who had the most green days.

Is PDT dead already? Are we good to start buying everything and wait for noob short sellers to blow up en masse? $STI

It's going to be funny when traders realize we've all been massively subsidized to use really good LLMs. Not sure many people are actually ready to pay what they really cost. In some cases, hiring a human developer might be cheaper.

Not predicting it, just planning for it. If crypto has a real panic event, I have limit orders waiting in the $800–1,200 area on $ETH

$1k/day for locates seems like the new normal for small/mid sized account That’s ~ $200k/year just for access. Small-cap shorting better be printing hard to justify that, and I’m not sure it is anymore.