How To Be A More Rational Actor in The Market
• Have a trading system you understand and trust
• Reduce the noise
• Learn to work with your emotions
• Trade with money you can afford to lose
• Learn to appreciate uncertainty
• Don't trade if you're not in the right mood
@CiovaccoCapital Very awesome stuff sir. If you could put on your thoughts on FX, let's say just on USD. Sell side FX trader here, and I must say one of the best analysis out there. Keep it going!
@AndreasSteno I agree with all your points for expecting a weaker dollar. But I think maybe you could consider that the Fed is still the only one with the straw, taking liquidity away. While the entire world are either on QE or easing. Would the path or least resistance not be usd positive?
@AndreasSteno Just for my learning. I am a sell side trader, and thank you for this. USD liquidity drain would definitely lift short term US rates higher. But what's the driver for a higher usd in the fx space? Higher rates= better carry=buy usd?
@AndreasSteno@AndreasSteno thanks for this. Just one qn, could I ask where did you get these data from? Also when they withdraw liquidity, this put pressure on short end US rates, but how does this lead to USD buying? Thank you.