I spent my teens and 20's focused on the wrong things.
I was a late bloomer to trading, investing, and saving.
I had a small ROTH IRA in 2010 with some mutual funds that went nowhere.
Everyone was screaming Silver to $500...
It was headed towards $50.
And I was buying in the mid $40's in 2011 and by 2017 when I learned how to ChART.
I sold it all at a 50% loss and bought BTC with it.
That was a great trade. The former not so much...
I then had four 300% years in a row. From 2017-2021 I turned a small amount of money into a substantial sum.
But the early success got to my head and as I called the top in all markets and even contemplated buying and posting ChARTs suggesting SQQQ...
I instead with no risk aversion knew it all and drew down my account 75% on the stupidest trade I can possibly imagine.
I ALWAYS knew you should only trade quality. But I ignored my principles and traded a hot garbage penny stock and have paid dearly for it.
I spent the next two years scalping daily for 4 different 5 to 6 month cycles of literally 100% green days. To only trade after trade wither away those gains in 4 different single weekly sessions each time.
The exact same thing each time. Crazy...
The only way to describe day trading is a past time that I was never great at. I would use motorcycling but I have never had terrible wipe out thank God and I can ride really hard and fast... Surfing no so much... So I guess Positional Trading is to riding motorcycles. And Day Trading is to surfing for me...
I can best explain Day Trading to be like surfing the Mavericks. Not that I have ever surfed there. But I was born in Destin Florida. So I grew up skimming and surfing. Now we didn't have big waves at all. But when we did you had to usually wait for a storm to brew and go next to a pier where they would kick out bigger. I am 6ft 4in tall. So popping up on a short board was always a challenge so long boarding was more my forte. My step brother can ollie and kickflip a short board still today in his late 40'sand do backflips off the spine and land em. He's been all over the world surfing. So I was always the black sheep in that arena. But he could never out ride me... But I digress.
I tell this story because the biggest waves I've ever surfed were about 8ft in a hurricane. Well as one was on shoring. You better leave before the eye gets there. And I can remember dropping in and riding one or two well. Then the next one the nose of the board going under the wave and I get crushed and the seas were so rough that I would just get pummeled and washing machined under a wave gasping for breath when my mouth and nose caught the surface to go back under until the sea had it's way with me and I would make it to shore. To finally get my footing and reassess what they hell just happened.
Not being a quitter heading back out to catch a few more and again get hammered.
Now if you have never watched the dudes on a suicide mission surf at the Mavericks. It's worth a search. They get towed in on skis and helicopters out there onto 60 ft. beast waves and people die.
This is my experience with day trading. Except I had instant success. Daily success. But REFUSED to take a loss! That was my problem. No matter how much of a deficit I would be in I could fix it and make some money. Until that one week would come. And I could almost feel it. My luck running out. And I was going to face this beast. And this time. Beat his ass... Yeah well you know how that when.. 1k loss 1k loss on and on and on death my 1000 cuts getting your nose above water to take a breath and get pummeled again. To finally get to shore a week later after 6 months of no losses and seeing your PNL back to where you started.
This is day trading.
It's not impossible.
But you better have strict ass rules and be a robot.
And people die financially from it and I lived to tell the tale.
With a bigger vigor than ever to properly trade the way I know is damn near fool proof.
MACRO TRENDS.
But what doesn't kill you only makes you stronger.
As Balboa said to his son who was whining in Rocky 5 I think it was. Life is not about how hard you can hit. It's about how hard you can get hit and get up and keep moving forward.
Long story short. I have made all the mistakes. I have paid my tuition. I know what to do and what not to do.
And as linked below. I may have had a love/hate relationship with my first trade (SILVER) because it has spent the last 4,760 days consolidating under the last high after consolidating for a prior 11,413 days. For a total of 16,162 days of not making a new ATH when EVERYTHING and I mean EVERYTHING has made new ATH's... That I was poo pooing it in the post linked below back in 2022 when I said Silver is bottoming. And sure enough (PRESS PLAY)...
All while every technical set up for this trade is calling for it to be a banger of a trade.
Silver always had a special place in my heart. And I understand the hate and frustration. But that hate is what is making me leave the day trading behind and go back to the high time frames armed with the knowledge the micro been so kind to extend.
SOMETHING ABOUT BEING GREEDY WHEN EVERYONE IS FEARFULL AND FEARFULL WHEN EVERYONE IS GREEDY COMES TO MIND.
And when something is hated and something loved in the markets the opposite is usually true.
Silver is the most hated asset by traders. But....
There is no way to understand BIG fractals that haven't happened yet until you watch micro fractals do it over and over and over and over again...
It has honed my Craft to say the least.
All that to say.
Ignore Silver at your peril.
Gold is not my market.
I am 100% allocated to paper and physical silver with money I don't need and can afford to lose.
But I would not put one dollar to work if I wasn't for than 75% sure this trade was going to come to fruition. I have tried for a solid month to talk myself out of it.
Like I did with KOLD, BTC, NVDA, GE just to name a few. Of course I had to cash in hand every night mantra going. All while they all hit the targets I thought they may hit...
The trade you know you should take and don't is tougher than the trade you do take and fail...
That being said...
Risk management does NOT mean small position sizes. Ask Buffett, Munger, Soros, Jim Rogers.
You can only have so many good ideas in a lifetime.
Finding that one or 5 that you wait for that fat pitch on and you knock the ball out of the park.
That's how you get the needle to move.
Diversification is a lie of wall street to keep many items liquid.
YOU NEED TO BE REALLY RIGHT WITH ONE TWO OR THREE...
There's no way to properly manage 30 let alone be right on 30...
I know this is going to sound crazy but I don't take a trade that needs a stop loss.
I just add more.
That's counterintuitive to what you hear. But most treat trading like gambling.
And it is NOT!!!
At least NOT ON THE PROPER TIME FRAMES THAT IS! One minute scalping. That's exactly what it is. Gambling armed with probabilities. That focused into each tree you miss the forest.
When you zoom out far enough you can see what continent you are on... Get it?
ChARTs like Silver almost fall into a category as trustworthy as Mandelbrot Sets. (There's some great videos on the subject if you don't know about this)
There's an asset and a pattern where it's no even guessing. It's damn near as close as you can get to telling the future.
And Silver is just that asset, in just that pattern, in that geopolitical and economical position.
This is what we are doing here and anyone that says we aren't well isn't paying attention!
It's in the name!
Why would anyone trade FUTURES if they didn't think they know what was going to happen in the damn future?
And why have men and women before us left us the tools?
THEY DISCOVERED THE SEQUENCES OF HUMAN PSYCHOLOGY THAT NEVER CHANGE!
THE CHART PATTERNS, MA'S CANDLESTICKS, RSI's, MACD, SOCHS, etc and so on...
FIBONACCI DISCOVERED IT!
MADELBROT DISCOVERED IT!
BARNSLEY DISCOVERED IT!
GANN DISCOVERED IT!
ELLIOT DISCOVERED IT!!!
THEY DIDN'T INVENT IT!
THESE ARE MATHMATICAL LAWS OF THE UNIVERSE!!!
Fundamentally SILVER has been money since the dawn of time.
And on a side note that might even make this trade make even more fundamental sense than it already does and might even be a fractal of history repeating...
If you research the Opium Wars it was not a war for Opium.
No No No!!!
It was a war for silver!
It was a war because England and The U.S. were buying Chinese imports and ALL CHINA wanted was the silver. There was a trade deficit back because China didn't buy imports. (SOUND FAMILIAR?). "No matter how much things change they stay the same"... So this left a huge trade deficit that gave China the Silver hoard... So the only thing they had that the Chinese wanted so they could get some of their silver coins back that were skyrocketing on value was opium...
So they got em high and started a war and stole the silver back after China banned and blew the opium up because half their citizenry where hereon addicts. Because China was only selling goods and buying silver and England and the US were only selling silver and buying goods. So China had all the silver... To where silver couldn't be found and OPIUM BECAME THE CURRECNY TO GET SOME "THALERS" BACK...
This is how England occupied Hong Kong for 200 years and why...
SILVER!!!
So silver "Thalers" Which eventually morphed into the American Silver "Dollars" were skyrocketing...
And silver was everyday money for a 100 years after. (STILL IS)
What's happening now?
China is exporting everything.
US importing everything.
Money is paper backed by QE...
And China Hoarding Gold and Now has told their citizens to hoard SILVER...
THE CHART TELLS THE END OF THE STORY!!!
This is no stock with earnings, speculative crypto play, real estate, art... This is the reevaluation of real money (GOLD and SILVER) at the end of a failed 40 year economic fiat experiment and each of our countries will have to have what will most likely be IMHO a CBDC or at least a currency backed by GOLD AND SILVER...
This is what the BRICS is going to bring about.
SILVER AND GOLD will rally hard...
It's baked into the fractals of the ChART.
The Cup and Handle will without a doubt play out whether you or I believe it will and or take part in it or not.
Markets do not wait for you...
They leave you behind and print either of these two patterns. Success or failure.
I have watched countless go to where the obvious target was and out of fear of losing missing out.
Not again...
You all do you...
Good luck to all!
I wish you al the best!
ITS A LONG WAY TO THE TOP IF YOU WANNA ROCK AND ROLL!
STACK SILVER AND SIT BACK AND ENHOY THE RIDE!
THE DECADE OF SILVERS TIME TO ONCE AGAIN SHINE IS AMONG US!
Yes you are going to pay higher taxes on silver and gold ETFs because the Government doesn't make the taxes from the sales of the goods because Silver and Gold are not companies. But 3/4 a loaf of bread. Is better than no bread. Having to pay taxes means you made money. That can't be bad...
Pay to Caesar's what is Caesar's and Gods what is Gods.
Silver is Gods...
Bitcoin is mans.
I can hold Silver in my hands.
Bitcoin is only in your head.
Tangible feels right!
It's like social media friendships. Seems to me they are dying.
People are tired of the fakes.
They want the real thing.
The technicals are clearly drawn.
56 to 1...
For me it's 56 or ZERO!
Take Silver to zero and it was meant to be.
That's how I feel.
BECAUSE THAT'S IMPOSSIBLE!
Not many assets can make that claim.
Really only a few....
GOLD and SILVER are the top 2....
Followed by SELECT real estate purchases.
Guns and Ammo.
And Skills.
The rest. Anything is possible.
PEACE!
SLV-FINK....
I was a late bloomer to trading, investing, and saving.
I had a small ROTH IRA in 2010 with some mutual funds that went nowhere.
Everyone was screaming Silver to $500...
It was headed towards $50.
And I was buying in the mid $40's in 2011 and by 2017 when I learned how to ChART.
I sold it all at a 50% loss and bought BTC with it.
That was a great trade. The former not so much...
I then had four 300% years in a row. From 2017-2021 I turned a small amount of money into a substantial sum.
But the early success got to my head and as I called the top in all markets and even contemplated buying and posting ChARTs suggesting SQQQ...
I instead with no risk aversion knew it all and drew down my account 75% on the stupidest trade I can possibly imagine.
I ALWAYS knew you should only trade quality. But I ignored my principles and traded a hot garbage penny stock and have paid dearly for it.
I spent the next two years scalping daily for 4 different 5 to 6 month cycles of literally 100% green days. To only trade after trade wither away those gains in 4 different single weekly sessions each time.
The exact same thing each time. Crazy...
The only way to describe day trading is a past time that I was never great at. I would use motorcycling but I have never had terrible wipe out thank God and I can ride really hard and fast... Surfing no so much... So I guess Positional Trading is to riding motorcycles. And Day Trading is to surfing for me...
I can best explain Day Trading to be like surfing the Mavericks. Not that I have ever surfed there. But I was born in Destin Florida. So I grew up skimming and surfing. Now we didn't have big waves at all. But when we did you had to usually wait for a storm to brew and go next to a pier where they would kick out bigger. I am 6ft 4in tall. So popping up on a short board was always a challenge so long boarding was more my forte. My step brother can ollie and kickflip a short board still today in his late 40'sand do backflips off the spine and land em. He's been all over the world surfing. So I was always the black sheep in that arena. But he could never out ride me... But I digress.
I tell this story because the biggest waves I've ever surfed were about 8ft in a hurricane. Well as one was on shoring. You better leave before the eye gets there. And I can remember dropping in and riding one or two well. Then the next one the nose of the board going under the wave and I get crushed and the seas were so rough that I would just get pummeled and washing machined under a wave gasping for breath when my mouth and nose caught the surface to go back under until the sea had it's way with me and I would make it to shore. To finally get my footing and reassess what they hell just happened.
Not being a quitter heading back out to catch a few more and again get hammered.
Now if you have never watched the dudes on a suicide mission surf at the Mavericks. It's worth a search. They get towed in on skis and helicopters out there onto 60 ft. beast waves and people die.
This is my experience with day trading. Except I had instant success. Daily success. But REFUSED to take a loss! That was my problem. No matter how much of a deficit I would be in I could fix it and make some money. Until that one week would come. And I could almost feel it. My luck running out. And I was going to face this beast. And this time. Beat his ass... Yeah well you know how that when.. 1k loss 1k loss on and on and on death my 1000 cuts getting your nose above water to take a breath and get pummeled again. To finally get to shore a week later after 6 months of no losses and seeing your PNL back to where you started.
This is day trading.
It's not impossible.
But you better have strict ass rules and be a robot.
And people die financially from it and I lived to tell the tale.
With a bigger vigor than ever to properly trade the way I know is damn near fool proof.
MACRO TRENDS.
But what doesn't kill you only makes you stronger.
As Balboa said to his son who was whining in Rocky 5 I think it was. Life is not about how hard you can hit. It's about how hard you can get hit and get up and keep moving forward.
Long story short. I have made all the mistakes. I have paid my tuition. I know what to do and what not to do.
And as linked below. I may have had a love/hate relationship with my first trade (SILVER) because it has spent the last 4,760 days consolidating under the last high after consolidating for a prior 11,413 days. For a total of 16,162 days of not making a new ATH when EVERYTHING and I mean EVERYTHING has made new ATH's... That I was poo pooing it in the post linked below back in 2022 when I said Silver is bottoming. And sure enough (PRESS PLAY)...
All while every technical set up for this trade is calling for it to be a banger of a trade.
Silver always had a special place in my heart. And I understand the hate and frustration. But that hate is what is making me leave the day trading behind and go back to the high time frames armed with the knowledge the micro been so kind to extend.
SOMETHING ABOUT BEING GREEDY WHEN EVERYONE IS FEARFULL AND FEARFULL WHEN EVERYONE IS GREEDY COMES TO MIND.
And when something is hated and something loved in the markets the opposite is usually true.
Silver is the most hated asset by traders. But....
There is no way to understand BIG fractals that haven't happened yet until you watch micro fractals do it over and over and over and over again...
It has honed my Craft to say the least.
All that to say.
Ignore Silver at your peril.
Gold is not my market.
I am 100% allocated to paper and physical silver with money I don't need and can afford to lose.
But I would not put one dollar to work if I wasn't for than 75% sure this trade was going to come to fruition. I have tried for a solid month to talk myself out of it.
Like I did with KOLD, BTC, NVDA, GE just to name a few. Of course I had to cash in hand every night mantra going. All while they all hit the targets I thought they may hit...
The trade you know you should take and don't is tougher than the trade you do take and fail...
That being said...
Risk management does NOT mean small position sizes. Ask Buffett, Munger, Soros, Jim Rogers.
You can only have so many good ideas in a lifetime.
Finding that one or 5 that you wait for that fat pitch on and you knock the ball out of the park.
That's how you get the needle to move.
Diversification is a lie of wall street to keep many items liquid.
YOU NEED TO BE REALLY RIGHT WITH ONE TWO OR THREE...
There's no way to properly manage 30 let alone be right on 30...
I know this is going to sound crazy but I don't take a trade that needs a stop loss.
I just add more.
That's counterintuitive to what you hear. But most treat trading like gambling.
And it is NOT!!!
At least NOT ON THE PROPER TIME FRAMES THAT IS! One minute scalping. That's exactly what it is. Gambling armed with probabilities. That focused into each tree you miss the forest.
When you zoom out far enough you can see what continent you are on... Get it?
ChARTs like Silver almost fall into a category as trustworthy as Mandelbrot Sets. (There's some great videos on the subject if you don't know about this)
There's an asset and a pattern where it's no even guessing. It's damn near as close as you can get to telling the future.
And Silver is just that asset, in just that pattern, in that geopolitical and economical position.
This is what we are doing here and anyone that says we aren't well isn't paying attention!
It's in the name!
Why would anyone trade FUTURES if they didn't think they know what was going to happen in the damn future?
And why have men and women before us left us the tools?
THEY DISCOVERED THE SEQUENCES OF HUMAN PSYCHOLOGY THAT NEVER CHANGE!
THE CHART PATTERNS, MA'S CANDLESTICKS, RSI's, MACD, SOCHS, etc and so on...
FIBONACCI DISCOVERED IT!
MADELBROT DISCOVERED IT!
BARNSLEY DISCOVERED IT!
GANN DISCOVERED IT!
ELLIOT DISCOVERED IT!!!
THEY DIDN'T INVENT IT!
THESE ARE MATHMATICAL LAWS OF THE UNIVERSE!!!
Fundamentally SILVER has been money since the dawn of time.
And on a side note that might even make this trade make even more fundamental sense than it already does and might even be a fractal of history repeating...
If you research the Opium Wars it was not a war for Opium.
No No No!!!
It was a war for silver!
It was a war because England and The U.S. were buying Chinese imports and ALL CHINA wanted was the silver. There was a trade deficit back because China didn't buy imports. (SOUND FAMILIAR?). "No matter how much things change they stay the same"... So this left a huge trade deficit that gave China the Silver hoard... So the only thing they had that the Chinese wanted so they could get some of their silver coins back that were skyrocketing on value was opium...
So they got em high and started a war and stole the silver back after China banned and blew the opium up because half their citizenry where hereon addicts. Because China was only selling goods and buying silver and England and the US were only selling silver and buying goods. So China had all the silver... To where silver couldn't be found and OPIUM BECAME THE CURRECNY TO GET SOME "THALERS" BACK...
This is how England occupied Hong Kong for 200 years and why...
SILVER!!!
So silver "Thalers" Which eventually morphed into the American Silver "Dollars" were skyrocketing...
And silver was everyday money for a 100 years after. (STILL IS)
What's happening now?
China is exporting everything.
US importing everything.
Money is paper backed by QE...
And China Hoarding Gold and Now has told their citizens to hoard SILVER...
THE CHART TELLS THE END OF THE STORY!!!
This is no stock with earnings, speculative crypto play, real estate, art... This is the reevaluation of real money (GOLD and SILVER) at the end of a failed 40 year economic fiat experiment and each of our countries will have to have what will most likely be IMHO a CBDC or at least a currency backed by GOLD AND SILVER...
This is what the BRICS is going to bring about.
SILVER AND GOLD will rally hard...
It's baked into the fractals of the ChART.
The Cup and Handle will without a doubt play out whether you or I believe it will and or take part in it or not.
Markets do not wait for you...
They leave you behind and print either of these two patterns. Success or failure.
I have watched countless go to where the obvious target was and out of fear of losing missing out.
Not again...
You all do you...
Good luck to all!
I wish you al the best!
ITS A LONG WAY TO THE TOP IF YOU WANNA ROCK AND ROLL!
STACK SILVER AND SIT BACK AND ENHOY THE RIDE!
THE DECADE OF SILVERS TIME TO ONCE AGAIN SHINE IS AMONG US!
Yes you are going to pay higher taxes on silver and gold ETFs because the Government doesn't make the taxes from the sales of the goods because Silver and Gold are not companies. But 3/4 a loaf of bread. Is better than no bread. Having to pay taxes means you made money. That can't be bad...
Pay to Caesar's what is Caesar's and Gods what is Gods.
Silver is Gods...
Bitcoin is mans.
I can hold Silver in my hands.
Bitcoin is only in your head.
Tangible feels right!
It's like social media friendships. Seems to me they are dying.
People are tired of the fakes.
They want the real thing.
The technicals are clearly drawn.
56 to 1...
For me it's 56 or ZERO!
Take Silver to zero and it was meant to be.
That's how I feel.
BECAUSE THAT'S IMPOSSIBLE!
Not many assets can make that claim.
Really only a few....
GOLD and SILVER are the top 2....
Followed by SELECT real estate purchases.
Guns and Ammo.
And Skills.
The rest. Anything is possible.
PEACE!
SLV-FINK....
ChARTist @ Large, uncovering Mysteries In the ChARTs daily...
