Group 1 - Mr. Mavroudis is a professional portfolio manager with a focus on risk management and in-depth financial market analysis [1] - He has successfully navigated major crises, including the COVID-19 pandemic and the PSI [1] - Mr. Mavroudis is the CEO of FAST FINANCE Investment Services, a registered Greek company [1] Group 2 - He holds multiple degrees, including an MSc in Financial and Banking Management, an LLM in Law, and a BSc in Economics [1] - Mr. Mavroudis is certified in various financial disciplines, including portfolio management and derivatives [1] - He engages with the investment community through writing and teaching, aiming for mutual growth and knowledge sharing [1]

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Account Update - New $200,000 accounts are available [1] - Available exclusively for Pro and Turbo accounts [1] Risk Management & Potential Return - Risk only 0.5% of the account and aim for a 2R (twice the risk) return [1] - With a $200,000 account, a 0.5% risk translates to $1,000 risk per trade [1] - Achieving 2R on a $1,000 risk results in a $2,000 profit [1] Trading Strategy - Emphasizes avoiding gambling or "going all-in" [1] - More capital allows for higher R (risk) per trade [1]

Core Offering - Breakout provides leveraged trading without liquidation risk [1] - Risk is managed through drawdown levels, eliminating liquidations, ADL (Auto Deleveraging), and cross margin [1] - The maximum potential loss is limited to the evaluation fee [1]

IPO Market Analysis - European IPOs this fall totaled approximately $7 billion [1] - Sellers must carefully weigh upfront cash against potential stock appreciation [1] - Balancing risk and reward is crucial for successful IPOs [1]

Group 1 - Kraken has acquired futures exchange Small Exchange from IG Group for $100 million, enabling the launch of a fully U.S.-based derivatives suite [1][2] - Small Exchange is a CFTC-licensed designated contract market, allowing Kraken to offer regulated futures and options to retail and institutional clients [2] - The acquisition reflects the maturation of the cryptocurrency sector as traditional financial firms increasingly engage with digital assets through regulated products [1][3] Group 2 - The derivatives market is attracting digital asset firms seeking liquidity and risk management, with analysts predicting accelerated adoption as more institutional players enter the space [3][4] - Kraken's acquisition is seen as a strategic move to establish institutional-grade markets as the crypto industry matures [4] - The regulatory environment in the U.S. is becoming more favorable for digital asset firms, encouraging expansion and clearer rules [5]

Core Insights - A pseudonymous crypto trader, Unipcs, experienced a significant loss of $15 million due to a liquidation event, which he described as the most "brutal" in crypto history [1] - The market saw Bitcoin and Ethereum drop approximately 13%, while altcoins and meme coins experienced a drastic decline of 70% to 99% within minutes [2] - The crash was primarily limited to centralized exchanges, indicating issues related to liquidity and market-making rather than a systemic market failure [3] Market Dynamics - Exchange systems failed during the liquidation, with stop-loss orders not triggering and margin additions being impossible, leading to an unprecedented speed and severity of the market crash [3] - Despite the losses, Unipcs remains optimistic about the market's potential for a rally in Q4, suggesting that recovery is possible and that the market still holds significant profit opportunities [4] Investment Strategies - Unipcs plans to revise his trading frameworks by reducing leverage, enhancing risk protocols, and protecting positions against failures from exchanges [3] - The broader investment landscape emphasizes the importance of diversification across various asset classes to manage risk and achieve steady returns, as highlighted by the mention of platforms that provide access to real estate and other investment opportunities [4][5]

Options Expiration Impact - Options expiration dates significantly impact trading strategies, risk management, and potential profits [1] - Understanding the differences between American and European options is crucial [1] - Key expiration periods need to be explored for effective trading [1]

Market Sentiment & Economic Concerns - The market is experiencing a "double-edged fear," characterized by both FOMO regarding the AI wave and concerns about China and potential government shutdowns [1][2] - Concerns exist regarding developments in the credit market, although these appear contained and potentially fraud-driven [3] - Earnings from big banks are crucial as they provide insights into the economy, especially with missing CPI and jobs data [4] Banking Sector Analysis - Big banks have outperformed regional banks by double digits percentage-wise [6] - Regional banks are seen as having more potential upside due to deregulation and M&A activity [7] Investment Strategy - The company has marginally increased bond holdings, specifically longer duration, as a risk management strategy due to the late cycle [8] - The company favors GARP (growth at the right price) investments, seeking growth companies with decent valuations [10] Stock Pick: NetApp (NTA) - NetApp (NTA) is a data and cloud storage company priced at a 146% times, representing a 30% discount to the S&P 500 [11] - NetApp is considered an under-the-radar AI play, part of the "picks and shovels" rather than the "main course" [12] - Only 30% of analysts have a buy rating on NetApp, indicating it is not widely focused on [12]

Core Insights - Revolut is experiencing delays in obtaining a complete UK banking licence due to regulatory concerns regarding its risk management capabilities amid global expansion [1][2][3] - The company is currently in a "mobilisation phase" after receiving a conditional UK banking licence in July 2024, with the Prudential Regulation Authority (PRA) assessing its risk management processes [2][5] - The PRA's scrutiny is a significant factor in the extended timeline for Revolut to secure a full banking licence, which would allow it to offer lending services in the UK [3][4] Regulatory Considerations - The PRA is evaluating the international implications of granting Revolut a full UK banking licence, as it may affect regulatory decisions in other countries [4] - The mobilisation phase typically lasts about a year, but for Revolut, it has already exceeded 14 months, indicating the complexity of its situation [5] Strategic Developments - Despite the delays in the UK, Revolut has successfully obtained banking licences in the European Union and Mexico, and is awaiting further authorisations to operate in Colombia [6] - The company is also exploring opportunities in the US market, including the potential acquisition of a bank to secure a national charter for lending [6] Company Priorities - The co-founder of Revolut, Nik Storonsky, emphasized that securing the UK banking licence is the company's "number one priority" and acknowledged past mistakes in prioritizing growth over proper licensing [5]