Current situation:
1. S&P 500 is trading like are in a new bull market
2. Regional bank stocks are crashing like the crisis never ended
3. Bonds are rising like the Fed is cutting interest rates
4. Inflation data is rising like rate cuts are cancelled
5. #Bitcoin is rising like there's no recession coming
6. Gold is rising like a recession is on the way
Nothing adds up here.
Anyone here to learn??
Things I have learned about trading (market speculation) in the past half century (I made my first futures market trade 50 years ago)
1. Blowing out accounts is easy - I blew up at least three times in the early years
2. I really have no clue what a given market is going to do even though I might be convinced I actually do know
3. Entering trades is really an unimportant part of trading. What I do with the trades I enter determine my fate. Novice traders place WAY too much importance on trade entry.
4. I've never developed a taste for humble pie despite partaking in many feasts
5. It is actually easy making money in the markets -- the real challenge is keeping it
6. Traders who claim they walk on water must be avoided at all costs
7. Rate-of-return is a meaningless performance measure designed to fool aspiring traders
8. The Sharpe ratio is a meaningless performance measure designed to provide cover for family offices
9. Most successful traders I've met over the years would agree that it takes 3 to 5 years to develop the skills necessary to consistently be profitable
10. The vast majority of novice/aspiring market speculators run out of money before they develop the skills to succeed
11. A very tiny proportion of wannabe market speculators (maybe 1%) hit it big right away and never blow up
12. Most market participants who make it big right away (like with crypto) end up giving it all back
13. Whenever you hear "This time it's different," please know that this time it isn't different
14. The biggest obstacle to trading success is SELF. Our negative character traits seek to sabotage us at every turn. Vincit qui se vincit
15. Risking anything more than 3-4% of trading capital on each futures market trade is a guaranteed recipe for eventual failure
16. Pyramiding based on unrealized profits is a snake that wants to bite you
17. The largest drawdowns belong to traders obsessed with picking bottoms and tops
18. If any young gun on Twitter shows a picture of themselves with a Lambo or inside a private jet, unfollow them immediately because they are a fraud
Anyway that's all for now. Thank you for your time.
If you still believe in the US dollar system, imagine the following:
1/ Crypto exchanges invest all client funds in shitcoins.
2/ Satoshi Nakamoto prints infinite Bitcoins to bail out the exchanges.
3/ #Bitcoin price fluctuates based on Satoshi's hawkish or dovish expressions.
Die neuen Folgen #diepferdeprofis sind ein absoluter Skandal! Das ein Uwe im TV so einen Mist als natürliche Methode verkauft geht gar nicht. Warum muss man in den Hänger reiten? Wie sieht es mit der Verletzungsgefahr und Vorbildfunktion aus?
Yesterday, the Ontario Superior Court of Justice sent us a Mareva Injunction, ordering us to freeze and disclose information about the assets involved in the #FreedomConvoy2022 movement.
Here is our official response.
For the first time in history, the US is experiencing a confluence of three macro extremes all at once:
▪️ The debt problem of the 1940s
▪️ The rising inflationary environment of the 1970s
▪️ The excessive financial asset valuations of the late 1990s
Thread 👇👇👇
Even after its recent fall, the stock market remains significantly overvalued. This means there are probably more ominous headlines coming, writes @schwarz. https://t.co/vdY8x1RUp2
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“If you want to know everything about the market, go to the beach.
Push and pull your hands with the waves. Some are bigger waves, some are smaller.
But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right”
Don't fight the trend