2018 was an interesting time. Bitcoin had gone berserk and there where both prophets of prosperity and doom preaching about the future of bitcoin and all the new folks had to decide if they still wanted to play and what to do with their money. Lots of people correctly identified this descending triangle but many people were so bullish they saw it...
This was by far one of my most shining moments in crypto. This "buy out the gate" strategy works great for concert tickets.
I feel like I have really earned my stripes by buying my first rug pull coin that is now technically too cheap to sell.
A cockroach. A constant reminder.
The badge of a true crypto degenerate :)
This tips/lesson applies to every stock or crypto or any other financial instrument, that you truly belive in and have done your own research on.
Imagine you are a late #bitcoin investor and on the 28th of May you decide to invest in bitcoin, first you should set yourself a long term target. I have shown on the graph an example of $33000 per bitcoin and here is my...
At times I find myself locked in to trying to find a better entry while my trade plan is setting up during the day. More often than not, when the internal battle is won by the impatient voice in my head,
I sneak into a trade early and pay the price for it.
Well... today was one of those days
I'm not sitting here saying that my set-ups are always right, nor am I...
as we can see illustrated above we have broke out of the downward trendline for this pair and what this means is that we should look at the next zone of co-influence which in our case it will be our second touch of the trendline at 1.7000-1.72300 , in short based on the monthly look for longing opportunities but these will be clear after we create the new monthly...
Hi guys, today ill be showing you that trades that are in your set up are the best. They give you high probability trades. Bigger reward trade, less risk, and you can review it again and again to improve your trades. I always put stop loss to lessen my risk. Happy trading everyone
lots of Robin-Hood-Traders are asking themselfs: Why is gold and silver dropping?
Well it can have a lot of reasons such as Profit-Saves due to the overbought situation, the fact that stock-market continues to climb and SPX500 is almost at its All-Time-High (portfolio turnover).
It can be the fact that DXY (US-DOLLAR-INDEX) is oversold and...
Some days trading is harder than usual, most of the times because the SPY is indecisive or switching "sides" frequently. Wednesday was one of those days. Most of my trades went into some profit, but eventually failed. The last trade of the day in NCLH put me back into more reasonable loss for the day thanks to my 1:2 RRR I aim for.
Anyway in the...
I am starting this week with breakeven after 3 trades. Funny enough I got the same result managing them as I'd get just setting the SL and PT and walking away. But watching closely the market, I was safer thorough the day with my adjustments (it's easier to judge in retrospect).
1) SYF - SHORT @17.74, originally a LONG idea turned to be a...
What a day! I took a record of 7 trades (my average is about 3) and all of them were beautiful setups. But most of the time the market went immediately against me and pushed the stocks I traded the other way!
Key point here is not to give in and blame the market - it doesn't care at all and you can't sue it :D
Reduce the size so you don't exceed your...
The markets are driven by 3 key indicators:
The sentiment on gold is that it's a safe haven. Gold always retains value. Gold moves in cycles that're far apart because it measures the value of things in society in relation to it's natural scarcity.
The last gold move was after the 2008 recession.
Before that there was...
Welcome to a week sup-up together with Friday RECAP.
As I explained in Thursday video it's sometimes hard to judge whether you should hold onto the trade and it really comes down to your backtesting and psychological comfort.
I am, however, pretty happy about the reverse I did in SPWR because I've been studying this behavior for the last couple of...
Today is a holiday in my country so I laid back and didn't rush with Thursday's Recap. That allowed me to do an improvised comparison of two trades - one from Thu and one from Fri, both of which I exited earlier and possibly cost myself some money.
We'll look at all the variables that go into deciding whether you should "jump the trade".
Tuesday meant 2 losing trades for me. Should I be upset? Well, there's no reason as both of them were according to the plan! If I broke it and won I should be at least a little angry with myself. Had I broken it AND lost at the same time, I should have been really furious.
The trading plan gives you psychical support even if you're losing.
yes yes, the title is a little bit click-baity, but to be honest, SPY down was about an 80% probability for me today.
Now to be fair, I've been expecting this move lower for over a week now, so plenty of factors surely played their roles, but as soon as I saw VIX close out in a 1-2-3 Low formation yesterday (Monday), I had that final confirmation...
Today's session brought me a great chance to test my ability to stick to my plan even though my setups weren't working out and I saw other opportunities.
Do you have your trading plan printed out?
Three trades today:
1) HTZ - SHORT @4.98, turned some 7 cents shy of my PT, but having learned my lesson in OXY yesterday I closed in minor profit....