My gold strategy: FOMOING every time it goes up, tight stop
Back in the good old days when Gold was 1200 an once, I considered it would either go up or down. Very good call right?
And I didn't care if I missed out, I had a plan for each one:
Big surprise, it didn't go to 5k in a single candle. Maybe people are afraid they'll miss out something that happens over many years, they're afraid they'll wait for a pullback that will never come and always be afraid? Lol talk about no self control.
My strategy is very advanced in 2020: Every time gold jumps up I FOMO in.
I am not looking for a mega target, might get out in a few days after I FOMO, or a few hours if it goes the wrong way.
I had one a few weeks ago I posted, usually I try to put a "Trade: Active", most of the time if there is no Trade active update I am not in, even if sometimes I am just updating something I already posted in a previous idea, or already went in and forgot to put this. What I'm trying to say is I have conditions, and I don't always buy something because I think it goes up.
Spot gold broke a new high.
Here as you can see, in skyrockets it goes straight up but there are little 10-15 dollars pullbacks.
I'd call it next to impossible that it just goes straight up without a bit of retracement.
At some point a pullback too big reduces the odds of going straight up, and the risk to reward gets worse too.
Up to you to decide where you want to get in and where you want to get out.
So yep, that's it. That's my strategy at the moment with Gold. FOMO buying.
In April my Oil strategy, after trying to buy and hold on a weird broker that doesn't follow any month, my strategy was to FOMO sell.
GBP I had a FOMO sell strat.
Every one waiting for pullbacks but idc I am FOMO buying & selling. I don't do it often, kind of giving it a try, seems to work so I continue...
I still am an OTP with my main strateg(ies) / role / method / idk how to call it.
Doing this on the side. I also take less risk than usual. It's just going well. I personally think it will keep working until every one admits the USA are in a great depression + a bit after that.
The NY FED published a metric on consumer expectations.
www.newyorkfed.org/microeconomics/sce
==> It skyrocketed! A record number of mainstreet investor turned bullish! At the top! They waited a 10Y bull market to finally get bullish!
So what? They got their covid checks and turned bullish? They used it to buy stocks? They're aware what pushed prices are buybacks, QE, more buybacks due to tax cuts? Of course not! They have no clue. "Emotional" or as I call it reptilian brains. "I have money. Stonks went up. I buy stonks. Stonks keep going up", this is the entirety of their thought.
Anti-permabears have been whining that "buuuut at the top mainstreet is bullish".
Alot of weak permabears have changed their minds recently (HAHAHA!), and mainstreet bullish opinion is skyrocketing.
No more excuses. All the ingredients are here.
I won't short stocks, for now, I won't sell (I hold nothing). I'm using this info to FOMO in everything, because a depression means mega volatility, strong very one sided moves.
Really poor traders that somehow managed to turn a profit with horrific dca strategies are about (if not already) to get decimated 😊
Oil buyers already got wiped out. Who's next? I'll be ready to take the opposite side.
I am not interested in buying US stocks, or making any investment related to the USA.
I am a proud permabear and will be for the next 10 years, perhaps my whole life. So a legit permabear.
Japan permabear were ridiculed in the 80s. Permabulls got flamethrowered. Where are they now?
Who cares about the Nikkei now?
35 years of permabear price on the Nikkei. Think the USA can't end up like this?
I'll be a permabear for at least 35 years I am sure. I'll post a separate idea.
There are 200 countries to invest in. 200 better choices than the USA.
Proud perma bear on every single ponzi scheme and bubble.
Permabears get ridiculed and criticized in the present for a few years.
Permabulls get ridiculed and criticized in the future for the rest of eternity.
And I didn't care if I missed out, I had a plan for each one:
Big surprise, it didn't go to 5k in a single candle. Maybe people are afraid they'll miss out something that happens over many years, they're afraid they'll wait for a pullback that will never come and always be afraid? Lol talk about no self control.
My strategy is very advanced in 2020: Every time gold jumps up I FOMO in.
I am not looking for a mega target, might get out in a few days after I FOMO, or a few hours if it goes the wrong way.
I had one a few weeks ago I posted, usually I try to put a "Trade: Active", most of the time if there is no Trade active update I am not in, even if sometimes I am just updating something I already posted in a previous idea, or already went in and forgot to put this. What I'm trying to say is I have conditions, and I don't always buy something because I think it goes up.
Spot gold broke a new high.
Here as you can see, in skyrockets it goes straight up but there are little 10-15 dollars pullbacks.
I'd call it next to impossible that it just goes straight up without a bit of retracement.
At some point a pullback too big reduces the odds of going straight up, and the risk to reward gets worse too.
Up to you to decide where you want to get in and where you want to get out.
So yep, that's it. That's my strategy at the moment with Gold. FOMO buying.
In April my Oil strategy, after trying to buy and hold on a weird broker that doesn't follow any month, my strategy was to FOMO sell.
GBP I had a FOMO sell strat.
Every one waiting for pullbacks but idc I am FOMO buying & selling. I don't do it often, kind of giving it a try, seems to work so I continue...
I still am an OTP with my main strateg(ies) / role / method / idk how to call it.
Doing this on the side. I also take less risk than usual. It's just going well. I personally think it will keep working until every one admits the USA are in a great depression + a bit after that.
The NY FED published a metric on consumer expectations.
www.newyorkfed.org/microeconomics/sce
==> It skyrocketed! A record number of mainstreet investor turned bullish! At the top! They waited a 10Y bull market to finally get bullish!
So what? They got their covid checks and turned bullish? They used it to buy stocks? They're aware what pushed prices are buybacks, QE, more buybacks due to tax cuts? Of course not! They have no clue. "Emotional" or as I call it reptilian brains. "I have money. Stonks went up. I buy stonks. Stonks keep going up", this is the entirety of their thought.
Anti-permabears have been whining that "buuuut at the top mainstreet is bullish".
Alot of weak permabears have changed their minds recently (HAHAHA!), and mainstreet bullish opinion is skyrocketing.
No more excuses. All the ingredients are here.
I won't short stocks, for now, I won't sell (I hold nothing). I'm using this info to FOMO in everything, because a depression means mega volatility, strong very one sided moves.
Really poor traders that somehow managed to turn a profit with horrific dca strategies are about (if not already) to get decimated 😊
Oil buyers already got wiped out. Who's next? I'll be ready to take the opposite side.
I am not interested in buying US stocks, or making any investment related to the USA.
I am a proud permabear and will be for the next 10 years, perhaps my whole life. So a legit permabear.
Japan permabear were ridiculed in the 80s. Permabulls got flamethrowered. Where are they now?
Who cares about the Nikkei now?
35 years of permabear price on the Nikkei. Think the USA can't end up like this?
I'll be a permabear for at least 35 years I am sure. I'll post a separate idea.
There are 200 countries to invest in. 200 better choices than the USA.
Proud perma bear on every single ponzi scheme and bubble.
Permabears get ridiculed and criticized in the present for a few years.
Permabulls get ridiculed and criticized in the future for the rest of eternity.
Trade active:
I have good reasons to think it goes up.
Have a plan have a stop.
Not fomoing blindly.
Have a plan have a stop.
Not fomoing blindly.
Trade closed: stop reached:
Dear diary, I lost everything again.
Of course, I don't expect to win all the time, not even half the time.
Really expecting big volatility in the next months (currencies indices futures...)