Hey guys
I am adding retail sector to my watchlist. I still like this chart. Monthly macd crossed up and price currently finding support at kijun. I will be looking at weekly chart and will jump in once i get proper long signal.
There is so much noise out there -forex, cryptos, stocks and bonds and yadi yada yada. People are yelling and screaming about crash and dollar. I listen to some podcasts for macro views and it surprises me how these guys run the hedge fund. They trade on the basis of fundamentals and their opinions all the time rather than a system and man they got horrible timing. I call them " i think " traders. I guess you all know about Bill Ackman . Don't get me wrong, sometime i do it too and i am not perfect but man i don't do it everytime. If i do take a trade like that, it will be with small position size .
Everytime spx makes a red candle, everyone puts their bear suit on and start talking about crash. I been seeing that every since i started trading.
I was hanging out with some friends the other night and one guy, who is a friend of a friend, goes he made 170k in ether trade. I am like really. And you will yell and scream now and prove that you are a genius .Do you even have a model? I doubted that guy made anything the moment he yelled. By the time party was over, he was asking me if we can sit down and I can tell him about ledger and some brokers.Even ask me about my opinion on cryptos. I am like yeah you definitely made 170k bro. He is not the first one i saw talking about it. I have seen so many people screaming. One thing i know in this industry is that those who actually make money, do not talk or show off pictures. Those who don't are actually opposite. It's pretty amazing lol.
Anyway I will do some more monthly charts next week .
Thank you for the read.
I am adding retail sector to my watchlist. I still like this chart. Monthly macd crossed up and price currently finding support at kijun. I will be looking at weekly chart and will jump in once i get proper long signal.
There is so much noise out there -forex, cryptos, stocks and bonds and yadi yada yada. People are yelling and screaming about crash and dollar. I listen to some podcasts for macro views and it surprises me how these guys run the hedge fund. They trade on the basis of fundamentals and their opinions all the time rather than a system and man they got horrible timing. I call them " i think " traders. I guess you all know about Bill Ackman . Don't get me wrong, sometime i do it too and i am not perfect but man i don't do it everytime. If i do take a trade like that, it will be with small position size .
Everytime spx makes a red candle, everyone puts their bear suit on and start talking about crash. I been seeing that every since i started trading.
I was hanging out with some friends the other night and one guy, who is a friend of a friend, goes he made 170k in ether trade. I am like really. And you will yell and scream now and prove that you are a genius .Do you even have a model? I doubted that guy made anything the moment he yelled. By the time party was over, he was asking me if we can sit down and I can tell him about ledger and some brokers.Even ask me about my opinion on cryptos. I am like yeah you definitely made 170k bro. He is not the first one i saw talking about it. I have seen so many people screaming. One thing i know in this industry is that those who actually make money, do not talk or show off pictures. Those who don't are actually opposite. It's pretty amazing lol.
Anyway I will do some more monthly charts next week .
Thank you for the read.