I wonder if it ever has been easier to make money than now. The herd of hedge funds that don't want to underperform the competition on a specific quarter and lose their clients, and brainwashed mainstreet sheep that watch tv, are all going in the same direction at the same time.
Just sit in your underwear all day take a quick glance at a chart and clic buy or sell in the direction it's all going. I believe I could train a husky to be a profitable trader. The hard part would be to get it to place an approximate stop loss that makes vague sense, and let a bot trail the stop.
Shorting this is hard? Let's watch a couple of screenshots.
Imagine not being able to make money and at the same time complaining about the dumb marxist brainwashed sheep. If the rest of the world is that freaking stupid and sheepish, just makes it so easy to abuse them.
Pack your things we're going for a ride. USD dying. Gold mooning. EASY. All these clean 1 sided moves, just pick 2 days to 2 weeks off of them.
Remember the massive Pound move? All of it only lasted 9 days.
Not much to say. May the sheep keep sheeping all in the same direction at the same time.
They're the herbivorous cattle that gladly will slowly die to satisfy my hunger. Thanks guys.
I'm the sheep rider, I ride on the back of sheep. I'll conquer the world on the back of a herd of dumb contemptible sheep.
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Matter of hours now, what is also a matter of hours is when the week ends. Only question is will we get there this week or the next?
It's now satisfied time. Time to feel good about oneself, for gold bulls that is.
Can just keep jumping in and out.
Now I cannot wait for it to test 2000 and all the clowns to say it's over and it tried twice and failed twice at 2000 and will never cross it, get a nice pullback new entry.
Silver is not going straight up it is consolidating but normal, just broke out of long term bottom, and it's still at the early disbelief stage.
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This is as much a gold (buy) idea as it is a usd (sell) idea.
The usd against chf just dropped hard in the last minutes xd Reminds me of Bitcoin at 23:59 back in 2018.
Just down down down down, I wonder who has been buying?
I wonder what will happen sunday evening, I do not know what usually happens on weekends...
I am a bit experienced with energy gapping in the direction of the trend, especially natural gaz, from living it for 3 years, but that's all I know.
Haven't really noticed anything with FX. There's a public indicator for weekends. Not worth backtesting.
I see one here.
This broker doesn't let me move my SL after the week close. The other ones I don't even remember. It never just reverse gaps and wipes out stops but still it's important to always be around Sunday eve and check prices, and move stops, or it might be the addiction kicking in after 2 days of withdrawal.
Imagine not having sold the usd ponzi yet haha.
Below the "support" and it looks like it is going ballistic any time. I am so eager. Maybe I should have added to my winner or gone bigger or something. April was a free money shower then mostly boring but not that bad either it's mainly that after april (Oil, Pound in march) anything seems so boring.
If I get stopped I get stopped, but I got the feeling this is going to be a bloodbath.
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It's getting pretty stupid. Add to winner?
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🤔
Bitconnect Coin in 2017
Gold 2008
Sugar 1974
S&P 500 2010's
Gold now...
Expecting the price to hesitate around ath a bit but who knows. Not going to buy or sell, time to do a bit of backtesting on FX.
I, for one, am looking forward to how the infamous Renev's charts age over the coming years. There have been 3 main pillars that the "investing guru's" have been building. 1. buy rental property 2. buy gold 3. Crypto!!!!
So far Crypto ist Kaput, Rental properties: Kaput, next Gold: Kaput (when they make it illegal again)
Very exciting times indeed!
kempmg1975
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MrRenev i admit i was in that category but its in the past and now looking forward for a better future. Please help if u have it in you. I just started trading in crypto and looking for advice. Advice in what in the heck to do. I'm learning as i go and hopefully with blessings from above i will make wise and informative decisions.
If you have any suggestion greatly appreciated
YBearBull
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@kempmg1975, to move out from the sheep category start looking at his old posts
MrRenev
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@kempmg1975, Accumulate knowledge. Read, watch videos, analyse charts and see what works what does not. I don't read much books the only one I can recommend is Memoirs of Extraordinary Popular Delusions and the Madness of Crowds By Charles Mackay. There is a copy here gutenberg.org/files/24518/24518-h/24518-h.htm. Maybe read this later after you've seen a bit.
At some point you'll decide what to want to operate in, seems it is crypto (BTC is sideways most of the time and I rarely hear that this is interesting I wonder if anyone makes money in those conditions).
Watch interviews with famous traders and even less famous ones, they have this on the ukspreadbetting youtube channel, ah and you should find out that 95% is nonsense and scammers but easy filter out imo.
Any thing you hear about charts you have to check ("rsi oversold time to buy" ==> just literally look at charts when the rsi got low and see if it bounced I'm sure you'll find out it never does but careful with big wicks when you backtest this means the price bounced and the rsi too).
I want to write some sort of start guide I'll link it when I do. What you should know is this is competitive, like any business the majority fails in the first 1/2 years. The general rule is to become good at any thing you have to spend 10,000 hours. That's about how long master (5 years) students spend in school. You can start making money before 5 years don't worrybut you always keep learning and don't expect to be a hero from the start but I'll also add you should be interested and not get horrific results from the start if this is not for you no point forcing imo.
coindesk.com/no-one-has-traded-bitcoin-options-on-bakkt-for-over-a-month-deribit-continues-to-dominate
Lol